Structural Budgetary Balance for New York State
New York State Lieutenant Governor Richard Ravitch, at the request of Governor David Paterson, developed proposals intended to lead the state to structural budgetary balance. The Rockefeller Institute brought together experts to assist that project with independent reports, public policy forums and other support.
New York lawmakers must take action to reverse years of structural budget imbalances created by past fiscal gimmickry, or risk even worse financial crises and damage to essential services in the years ahead, according to this Institute report.
Carol O’Cleireacain, December 20, 2010
This public policy forum was Lieutenant Governor Ravitch’s final public appearance in Albany while serving in office. Answering questions from Institute Deputy Director Robert Ward, the Lieutenant Governor repeated his previous warnings about the state’s structural budget gap. Elected leaders in New York must make politically risky choices if the state is to maintain essential services in coming years, he said.
December 9, 2010
This report addresses the state’s aging transportation infrastructure. The lieutenant governor warns against delaying spending on roads and bridges already in need of repair. State officials must set priorities, identify revenues and address this obligation in order to ensure a prosperous future, the report says.
Richard Ravitch, November 17, 2010 [PDF]
Requiring local-government and school-district employees to pay part of their health insurance costs could save more than $1 billion a year without diminishing essential services, according to this Institute report. The report outlines two ideas for increasing local employee contributions to health insurance premiums.
Carol O’Cleireacain, November 8, 2010
New York’s Medicaid program is ill-equipped to control costs or benefit from federal health-care reform because of its “unwieldy and overly decentralized structure,” according to this report. To control costs and improve outcomes, the Lieutenant Governor calls for removing rate-setting from the Legislature, reconsidering long-term care benefits and enacting other reforms.
Richard Ravitch, September 20, 2010 [PDF]
Lieutenant Governor Richard Ravitch's March 2010 report proposed that the governor be granted broader power to address midyear budget gaps by implementing across-the-board spending cuts, in the absence of legislative action to deal with fiscal emergencies. This Institute report compares New York’s existing rules regarding midyear budget reductions to those in other states, and explores issues state policymakers may wish to address as they consider such expanded gubernatorial authority.
Robert B. Ward, June 17, 2010
This Institute public policy forum brought together leading members of the state Senate and Assembly majorities, and independent fiscal experts, to comment on the Lieutenant Governor's five-year financial plan for New York.
April 19, 2010
This report outlines the fiscal challenges facing the state and recommends steps to close future budget gaps, including new requirements for adoption and maintenance of balanced budgets.
Richard Ravitch, March 10, 2010