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NY A04332
Bill
Status
2/4/2013
Primary Sponsor
Robert Oaks
Click for details
AI Summary
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Proposes constitutional amendment to Article 7, Section 4 establishing automatic default budget if legislature fails to pass appropriation bills within 72 hours of fiscal year start
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Default budget comprises all appropriation bills passed in prior fiscal year or prior year's default budget, with aggregate disbursements capped at prior year levels
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Grants governor authority to transfer appropriations between objects/purposes, reduce general fund appropriations by uniform percentage, and modify apportionment laws when default budget revenues fall below prior year levels
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Requires governor to make revenue determination within 15 days of default budget taking effect using consensus forecast, with notification to both houses of legislature regarding all modifications
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Amendment requires referral to first regular legislative session after next general election and 3-month publication period before taking effect
Legislative Description
Reforms the state budget process to provide that upon failure by the legislature to act upon a state budget within seventy-two days from the beginning of the state fiscal year, a default budget shall take effect.
Last Action
held for consideration in ways and means
6/17/2014