Spending growth has slowed in state: Ranks in lower 25 for 2 budget years

June 17, 2012. An article by Jerry Zremski, Buffalo News. Excerpt:

In a clear break from tradition, New York State has ranked in the lower half of the 50 states in spending growth during the last two budget years – athough the Empire State’s welfare recipients and public employees have gotten off easy compared with their peers in many parts of the country.

Those are the key conclusions about New York in the most recent version of the Fiscal Survey of the States, a twice-yearly look at how states spend and tax, which was released last week.

New York ranked 37th in spending growth in fiscal 2012 and will rank 29th in fiscal 2013, according to the report, which is published by the National Governors Association and the National Association of State Budget Officers. …

New York’s fiscal 2012 budget included a 10 percent across-the-board cut in most state programs and a 6.1 percent cut in aid to local school districts.

The state boosted aid to school districts by 4 percent for 2013 but that doesn’t come close to making up for last year’s reduction, said Frank Mauro, executive director of the left-leaning Fiscal Policy Institute

Filed in: FPI in the News