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NY S04526
Bill
Status
4/24/2009
Primary Sponsor
Liz Krueger
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AI Summary
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Creates a non-partisan legislative budget office headed by a director appointed by joint resolution requiring a two-thirds supermajority vote of both the Senate and Assembly for a seven-year term.
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Director must be appointed based solely on fitness to perform duties without regard to political affiliation and may be removed by either chamber with a two-thirds vote.
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Office shall provide budget information to legislative committees, examine state financial and programmatic information, render revenue estimates, forecast revenue reports, and provide fiscal impact analyses of proposed legislation upon request.
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Director shall develop a priority system for processing fiscal impact statement requests in consultation with the chairs and ranking members of the Senate Finance and Assembly Ways and Means committees.
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Office shall submit an annual report by March 1st to legislative leaders including revenue estimates, economic forecasts, a summary of the Governor's budget, and alternative revenue sources; funding comes from equal allocations by the Senate and Assembly.
Legislative Description
Creates the non-partisan legislative budget office; directs such office shall provide information to legislative committees of the senate and assembly with respect to the state budget, appropriation bills and other bills providing budget authority or tax expenditures; requires such office to report to the temporary president of the senate and the speaker of the assembly.
Last Action
AMENDED ON THIRD READING 4526A
6/21/2010