Connecting state and local government leaders

N.Y. Budget Deal Includes ‘Federal Financial Response Mechanism’ for Cuomo

New York Gov. Andrew Cuomo

New York Gov. Andrew Cuomo N.Y. Governor's Office / YouTube

 

Connecting state and local government leaders

With cuts from Congress and Trump “inevitable,” the governor said that “it’s very important not put our financial feet in concrete but that we can adjust when we need to.”

State leaders in New York announced a long-awaited fiscal 2018 budget agreement on Friday, that among other things, funds Gov. Andrew Cuomo’s priority to provide free tuition for middle-class families to attend public universities in the state.  

But there’s an interesting feature of the budget deal: It includes a “federal financial response mechanism” that gives Cuomo the ability to make changes to the approved budget if Congress and the Trump administration take action that drastically impacts the state’s finances.

It’s very important not put our financial feet in concrete but that we can adjust when we need to,” Cuomo said at a press conference on Friday.

“We have a reputation of being financially stellar and I want to keep that reputation,” the governor said Sunday on “The John Catsimatidis Roundtable" radio show, according to the New York Daily News.

On the show, Cuomo said that Republicans in Congress have “declared war” on New York state, echoing language he has used previously to describe the current intergovernmental acrimony.

“I don’t want to do a budget where we have a) either where we overcommitted financially and then when the federal cuts come, which to me are inevitable, we have overcommitted and b) where we don’t have the ability to adjust to cuts,” Cuomo said Friday.

Michael Grass is Executive Editor of Government Executive's Route Fifty and is based in Seattle.

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