skip navigation
NYS Division of the Budget: Andrew M. Cuomo, Governor; Robert L. Megna, Budget Director Division of the Budget Home Page

NYS Division of Budget

Andrew M. Cuomo, Governor
Robert L. Megna, Budget Director

FIVE YEAR FINANCIAL PLAN
EXECUTIVE SUMMARY

Entire Five-Year Financial Plan (PDF, 3.60MB)

The Financial Plan provides greater detail about the budget, including revenue initiatives, savings initiatives, reserves, debt, and more.


Financial Plan At-a-Glance

FINANCIAL PLAN AT-A-GLANCE: KEY MEASURES
(millions of dollars)
  2008-09 Actuals 2009-10
Mid-Year Update1
2009-10 Revised2 2010-11
Executive Proposal
State Operating Funds Budget2        
Size of Budget $78,168 $79,970 $79,182 $79,927
Annual Growth 1.5% 2.3% 1.3% 0.9%
Other Budget Measures (Annual Growth)        
General Fund (with transfers) $54,607 $54,610 $54,129 $54,522
  2.3% 0.0% -0.9% 0.7%
State Funds (Including Capital)3 $83,146 $85,505 $84,639 $86,149
  2.2% 2.8% 1.8% 1.8%
Capital Budget (Federal and State) $6,829 $8,053 $7,975 $8,858
  11.4% 17.9% 16.8% 11.1%
Federal Operating  $36,574 $45,162 $46,015 $45,173
  11.1% 23.5% 25.8% -1.8%
All Funds2 $121,571 $133,185 $133,172 $133,958
  4.8% 9.6% 9.5% 0.6%
All Funds (including “Off-Budget” Capital) $123,833 $135,276 $135,190 $135,858
  5.2% 9.2% 9.2% 0.5%
Inflation (CPI) Growth 2.7% 0.0% 0.3% 2.0%
All Funds Receipts (Annual Growth)        
Taxes $60,337 $59,383 $59,839 $63,213
  -0.9% -1.6% -0.8% 5.6%
Miscellaneous Receipts $20,064 $21,385 $22,133 $21,541
  2.1% 6.6% 10.3% -2.7%
Federal Grants $38,834 $48,087 $49,087 $48,247
  11.2% 23.8% 26.4% -1.7%
Total Receipts $119,235 $128,855 $131,059 $133,001
  3.3% 8.1% 9.9% 1.5%
Base Tax Growth/(Decline)4 -3.0% -11.0% -10.5% 3.1%
Combined General Fund/HCRA Outyear Gap Forecast        
2009-10 N/A ($3,159) $0 $0
2010-11 N/A ($6,796) ($7,418) $0
2011-12 N/A ($14,775) ($14,311) ($6,286)
2012-13 N/A ($19,520) ($18,331) ($10,488)
2013-14 N/A N/A ($20,713) ($12,227)
Total General Fund Reserves $1,948 $1,372 $1,373 $1,421
Rainy Day Reserve Funds $1,206 $1,206 $1,206 $1,206
All Other Reserves $742 $166 $167 $215
State Workforce (Subject to Executive Control) 136,490 134,698 132,517 131,906
Debt        
Debt Service as % All Funds 4.3% 4.4% 4.3% 4.8%
State Related Debt Outstanding $51,768 $55,218 $54,831 $57,482

1 Before impact of any Deficit Reduction Plan (“DRP”) actions.

2 Includes the impact of the DRP approved in December 2009. Gaps assume 2009-10 deficit remaining (after the
   DRP) is carried forward into 2010-11.

3 Approximately $1.5 billion in 2009-10 and $1.8 billion in 2010-11 have been added to special revenue fund
   receipts and disbursements for the new Metropolitan Commuter Transportation Mobility Tax, a tax which is
   collected by the State on behalf of, and transferred in its entirety to, the MTA.

4 Reflects estimated change in tax receipts excluding the impact of Tax Law changes since fiscal year 1986-87.

^ Top

 

Disclaimer    |    Privacy Policy    |    Contact Information    |    Site Map    |    Printing Instructions    |    Accessibility