New York A03940 requires the governor to submit enacted budget financial plan estimates to the legislature before voting on certain budget bills.
New York A03940 amends the state finance law to require the governor to submit enacted budget financial plan estimates to the legislature prior to a vote on aid to localities, state operations, or capital projects appropriation bills. The summary financial plan must include fund estimates, tax receipts, budget surplus projections, and enacted budget principal reserve fund balances. The governor must also submit quarterly financial plan updates throughout the fiscal year. The bill aims to ensure transparency and accountability in the state's budget process.
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