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DiNapoli says state in good shape

Published on NewsOK Modified: April 21, 2014 at 10:45 pm •  Published: April 21, 2014
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ALBANY, N.Y. — Comptroller Thomas DiNapoli said the state is "in better fiscal shape thanks to an improving economy and difficult fiscal choices" made by Gov. Andrew Cuomo and the state Legislature.

The praise, released along with his office's analysis of the three-week-old enacted state budget, was mixed with concern over the use of "temporary funding streams" and other spending practices to balance the books. Such practices are often referred to as "one-shots."

The analysis, released Monday, pointed to approximately $115 million that was transferred from the state Mortgage Insurance Fund for housing and homelessness programs and grants to Yonkers and Rochester, and up to $90 million in transfers from the New York Power Authority for energy or economic development purposes, "all of which may be spent off-budget at the discretion of the budget director," DiNapoli's office noted.

Similarly, the budget includes some $500 million in "sweeps" of various funds, with the dollars to be allocated at the discretion of the executive branch.

Other temporary revenue sources include an estimated $4.9 billion in state resources and $2.7 billion in federal aid related to Superstorm Sandy recovery and the Affordable Care Act.

In a reversal of fortune for his office, DiNapoli said that the budget legislation restores to comptroller's office the right to audit charter schools outside of New York City (where the city comptroller has that role).

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