CONTACT:
Dennis Tompkins
(518) 474-4015

FOR RELEASE:
Immediately
July 30, 2009

STATE COMPTROLLER THOMAS P. DiNAPOLI
STATEMENT ON UPDATED FINANCIAL PLAN
The Governor’s Updated Financial Plan confirms
the concerns I raised in April when the state budget was adopted.  New
York has a very real and growing problem, and the state still has not made
enough progress toward aligning recurring spending with recurring revenues.
       
The June cash report my office released last
week indicated weaknesses in revenues for the first quarter that were offset
by one-time payments and delayed spending.  Those weaknesses have
not diminished.  
The Governor’s update is a caution sign for
New York: The state needs to take action.  
The Governor and Legislature need to focus
on addressing this year’s problems.  But they also have to look at
the real and difficult choices necessary to solve New York’s bad habit
of spending money we simply don’t have.  

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