Props to Mike in WNY for this great post & link to the 2007-08 Budget Analysis.
The first paragragh reads like this:
Executive Summary
New York has embarked on a new era. For the first time in more than a decade the people of this State are represented by all new statewide officials— Governor, Lieutenant Governor, Comptroller and Attorney General. This new leadership, with an eye on reform, is poised to make great strides in overhauling New York’s approach to conducting government business. The Legislature and the Governor should beapplauded for having already joined forces to enact a longawaited budget reform package, of which many provisions have been advocated by numerous Comptrollers over many decades.
Then it says:
While the Executive Budget incorporates certain positive measures, there are a number of areas where the proposal falls short of reform, and in fact, repeats many of the poor fiscal management practices adopted in prior years.
Need more to applaud?
outstanding State-Funded debt will increase to $65.6 billion by the end of 2011-12, representing a 27.1 percent increase from 2006-07 and a 97.9 percent increase from 1997. State-Funded debt service is projected to increase to $7.2 billion in 2011-12, an increase of $2.1 billion, or 40.9 percent, from 2007-08 and an increase of 138.1 percent from 1997. Since 1997, State-Funded debt has grown at an average annual rate of 4.7 percent—almost double the average rate of inflation.
General Fund Disbursements in 2006-07
Compared to Financial Plan:
General Fund disbursements in 2006-07 are now expected to total $51.1 billion, an increase of $248 million, or 0.5 percent, over the May 2006 Enacted Budget Report, which was $50.8 billion.
Applaud … Appalled … it’s all the same in New York State 
2 comments ↓
Spitzer is just another government fool who believes government spending can make problems go away. People who are able to hold on to their own money, using their own resourcefulness and a dose of self-responsibility is what will cure economic and other woes.
Mike, [I had a long night at work & I’m going to come off as being very cranky] I wish these people would really give us something to believe in. NYS is never going to change. No matter what new person we can get elected they either become part of the problem or they are so alienated from the process. I heard from somewhere the population in Erie County dropped & we wonder why.
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