NY comptroller calls for revised state fiscal practices
NY comptroller calls for revised state fiscal practices (Photo: Thomas Good, Wikimedia Commons)
New York's comptroller is calling for changes in the state's fiscal practices to limit discretionary lump-sum spending, restrict spending by public authorities and impose a clear constitutional limit on state debt.
Comptroller Thomas DiNapoli says the state's approach too often "obscures spending and borrowing."
A new report proposes more disclosure of spending by public authorities now subject to limited oversight, with public works projects subject to scoring by objective criteria.
Another proposal would eliminate the lump-sum appropriations that result in billions of dollars in discretionary spending without specified justification or identifying how projects were selected.
DiNapoli proposes a comprehensive definition of state debt, banning "backdoor borrowing," and requiring voter approval for nearly all new state debt.