Bill Text: NY S05940 | 2023-2024 | General Assembly | Introduced

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Bill Title: Relates to capping the state budget at fifteen percent of total state gross domestic product for the prior calendar year, as determined by the state comptroller.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2024-03-04 - NOTICE OF COMMITTEE CONSIDERATION - REQUESTED [S05940 Detail]

Download: New_York-2023-S05940-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5940

                               2023-2024 Regular Sessions

                    IN SENATE

                                     March 23, 2023
                                       ___________

        Introduced  by  Sen. WALCZYK -- read twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary

                    CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY

        proposing an amendment to section 2 of article 7 of the constitution, in
          relation to capping the state budget at fifteen percent of total state
          gross domestic product

     1    Section 1. Resolved (if the Assembly concurs), That section 2 of arti-
     2  cle 7 of the constitution be amended to read as follows:
     3    § 2. Annually, on or before the first day of  February  in  each  year
     4  following  the year fixed by the constitution for the election of gover-
     5  nor and lieutenant governor, and on or before the second Tuesday follow-
     6  ing the first day of the annual meeting of the legislature, in all other
     7  years, the governor shall submit to the legislature a budget  containing
     8  a  complete plan of expenditures proposed to be made before the close of
     9  the ensuing fiscal year and all moneys  and  revenues  estimated  to  be
    10  available  therefor,  together  with an explanation of the basis of such
    11  estimates and recommendations as to proposed legislation, if any,  which
    12  the  governor  may  deem necessary to provide moneys and revenues suffi-
    13  cient to meet such proposed expenditures. It  shall  also  contain  such
    14  other  recommendations  and  information as the governor may deem proper
    15  and such additional information as may be required by law.  The total of
    16  such proposed expenditures contained in such  budget  shall  not  exceed
    17  fifteen  percent  of  the  state's  gross domestic product for the prior
    18  calendar year, as determined by the state comptroller.
    19    § 2. Resolved  (if  the  Assembly  concurs),  That  the  foregoing  be
    20  referred  to  the  first regular legislative session convening after the
    21  next succeeding general election of members of  the  assembly,  and,  in
    22  conformity  with  section  1  of  article  19  of  the  constitution, be
    23  published for 3 months previous to the time of such election.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD89105-01-3