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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.


Executive Budget Gap-Closing Plan At-A-Glance

COMBINED GENERAL FUND AND HCRA GAP-CLOSING PLAN FOR 2010-11
(millions of dollars)
2010-11 2011-12 2012-13 2013-14
CURRENT-SERVICES GAP ESTIMATES (BEFORE ANY ACTIONS)1 (7,418) (14,311) (18,331) (20,713)
Approved Deficit Reduction Plan Actions2 692 811 876 854
Total Executive Budget Gap-Closing Actions 6,726 7,214 6,967 7,632
Spending Control 4,870 5,340 5,358 6,184
Local Assistance 3,639 3,899 3,784 4,433
School Aid/Lottery Aid 1,625 1,549 1,450 2,054
Health Care 823 1,188 1,170 1,170
School Tax Relief Program 213 250 267 288
Human Services/Labor/Housing 201 201 193 223
Higher Education 208 210 213 214
Mental Hygiene 46 59 45 36
Education/Special Education  139 38 45 46
Local Government Aid 325 329 330 322
All Other 59 75 71 80
Bonded Capital Spending Reductions3 10 37 78 100
State Agency Operations/Fringe Benefits 1,221 1,404 1,496 1,651
State Agency Operational Reductions 709 743 704 734
Workforce Savings 250 125 0 0
Fringe Benefits/Pension Amortization 262 536 792 917
Revenue Actions   1,070 1,653 1,388 1,227
Tax Actions 799 1,305 1,073 942
  Syrup Excise Tax 465 1,000 1,000 1,000
  Cigarette Tax 210 205 201 197
  Sale of Wine in Grocery Stores 92 51 6 5
  Informational Returns for Credit/Debit Cards 0 0 35 83
  Film Credit 0 0 (168) (292)
  Empire Zone Replacement program 0 0 (50) (100)
  Other Tax Actions 32 49 49 49
Medicaid Provider Assessment 216 235 235 235
Work-Zone Cameras for Speed Enforcement 25 71 38 23
Civil Court Filing Fees 31 44 44 44
All Other Revenue Actions (1) (2) (2) (17)
Tax Audit and Recoveries 221 221 221 221
Non-Recurring Resources 565 0 0 0
Federal TANF Resources 261 0 0 0
Physician Excess Medical Malpractice Payment Timing 127 0 0 0
Available Fund Balances/Resources 95 0 0 0
Lottery Investment Flexibility 50 0 0 0
School Aid Overpayment Recoveries 32 0 0 0
EXECUTIVE BUDGET SURPLUS/(GAP) ESTIMATE 0 (6,286) (10,488) (12,227)

1 Includes the carry-forward of the 2009-10 deficit into 2010-11.

2 Recurring value of administrative and legislative actions approved in December 2009.

3 Estimated debt service savings from reducing planned capital spending financed with debt.

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