Proposed Legislative Amendment on Budget
Reforms the state budget process in relation to requiring balanced budgets according to Generally Accepted Accounting Principles (GAAP), changing to a May 1 fiscal year, moving school budget voting day and start of fiscal year one month ahead, granting the Comptroller authority to certify balanced budgets, and granting the Governor authority to make pro rata spending reductions to close gaps if consensus with Legislature is not reached.
STATE OF NEW YORK ________________________________________________________________________ 1210 2011-2012 Regular Sessions IN ASSEMBLY (Prefiled) January 6, 2011 ___________
A.1210 Actions: BILL NO: A.1210, Referred to Ways and Means on 01/05/2011. PRIOR LEGISLATIVE HISTORY: A.11260 (2010), Referred to Ways and Means.