Bill > A07530

This bill establishes a new spending growth cap mechanism for the state's budget by creating specific rules about how much annual state operating funds spending can increase. The bill defines key terms like "state operating funds spending" (which excludes federal and capital project funds), "annual spending growth cap" (calculated as the average inflation rate over the previous three calendar years), and "emergency" (an extraordinary, unforeseen occurrence like a natural disaster or economic calamity). Under the proposed law, the governor must submit, and the legislature must approve, a budget where spending increases do not exceed the calculated annual growth cap. The governor must certify in writing that the budget meets this requirement, and the state comptroller will verify compliance. If the spending cap is exceeded, the governor must take corrective action to limit spending. In cases of declared emergencies, the legislature can approve a budget exceeding the cap, but only with a two-thirds supermajority vote. The bill aims to provide fiscal discipline by tying state spending increases to an inflation-based metric and creating a formal mechanism for managing budget growth.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7530