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State Comptroller questions Governor's proposed budget
Posted: 02.13.2013 at 4:25 PM
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ALBANY (AP) -- New York State's comptroller says there are some big question marks in Gov. Andrew Cuomo's budget proposal.

Comptroller Thomas DiNapoli says it would increase debt, relies on one-shot revenues, and includes overly optimistic projections of tax revenues.

DiNapoli did credit the budget as a move toward long-term fiscal balance.

Cuomo's $143 billion proposal is boosted by anticipated federal disaster aid. The current budget is $134 billion.

DiNapoli criticized the 2013-14 spending plan for relying on $1.4 billion in temporary revenue.

DiNapoli also says Wednesday it increases so-called "back-door borrowing" that isn't subject to voter approval.

The Cuomo administration says DiNapoli's review was based on misunderstandings and misrepresentations of a balanced budget that controls spending and borrowing.

Senate Republicans have criticized Cuomo's plan to renew a business tax due to expire.

 

(Copyright ©2013 by The Associated Press. All Rights Reserved.)

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