Bill > A04483

This bill establishes an annual spending growth cap for New York state government that limits increases in state operating funds spending. The cap is calculated by taking the average inflation rate over the previous three years, or 2%, whichever is lower. State operating funds include annual disbursements from governmental fund types, excluding federal and capital project funds. The bill requires the governor to submit, and the legislature to act upon, a budget that does not exceed this spending growth cap, with the governor required to certify in writing that the executive budget meets this requirement. The state comptroller must verify whether the enacted budget complies with the cap, and if it does not, the governor must take corrective action to reduce spending. The bill also includes a provision for emergencies, allowing the governor to declare an emergency and submit a budget that exceeds the cap with a two-thirds legislative supermajority approval. An "emergency" is defined as an extraordinary, unforeseen occurrence such as a natural disaster, invasion, terrorist attack, or economic calamity. The law would take effect 30 days after becoming law, providing a mechanism to control state government spending growth.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4483