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NY A09076
Bill
Status
1/20/2012
Primary Sponsor
Robert Oaks
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AI Summary
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Establishes a General Budget Conference Committee comprised of 10 legislators (4 from Senate majority, 4 from Assembly majority, 1 from each minority) to convene by March 15 annually and resolve budget differences between legislative houses through public meetings.
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Creates Budget Conference Subcommittees under the General Budget Conference Committee to address specific budget areas, with each subcommittee reporting financial impact estimates for the current and next two fiscal years.
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Increases the Tax Stabilization Reserve Fund cap from 2% to 5% of the general fund norm and increases annual deposits from 0.2% to 0.5% of surplus funds.
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Prohibits the Legislature from considering bills other than appropriations after the fiscal year begins until all budget bills and Governor-submitted legislation are enacted, with exceptions for emergency appropriations.
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Requires the Governor's annual budget and Legislature's enacted budget to limit all-funds spending to not exceed the prior year by more than the Consumer Price Index inflation rate (CPI-W), excluding unexpected federal funds.
Legislative Description
Relates to the legislative budget and deposits to the tax stabilization reserve fund; requires that no later than March fifteenth of each year the temporary president of the senate, the minority leader of the senate, the speaker of the assembly and the minority leader of the assembly shall jointly convene a general budget conference committee to resolve the differences between each house concerning the executive budget; further alters the amounts of the deposits to the tax stabilization reserve fund; provides that subsequent to April first of each year, the legislature may not consider other legislation until a budget is passed, with exceptions; limits all funds spending to the rate of the inflation.
Last Action
held for consideration in ways and means
6/19/2012