New York A04843 amends the state constitution to require balanced budgeting, limit state-supported debt, prohibit a message of necessity for budget.

New York A04843 proposes constitutional amendments to require balanced budgeting, limit state-supported debt, prohibit a message of necessity for budget bills, and establish a Rainy Day Fund. The bill mandates that the state budget must be balanced, with appropriations having sufficient funds. It limits state-supported debt to specific percentages of total governmental funds receipts or personal income, depending on the fiscal year. The bill also prohibits the governor from issuing a message of necessity for budget-related bills.

New York A04843 amends the state constitution to require balanced budgeting, limit state-supported debt, prohibit a message of necessity for budget.

New York A04843 proposes constitutional amendments to require balanced budgeting, limit state-supported debt, prohibit a message of necessity for budget bills, and establish a Rainy Day Fund. The bill mandates that the state budget must be balanced, with appropriations having sufficient funds. It limits state-supported debt to specific percentages of total governmental funds receipts or personal income, depending on the fiscal year. The bill also prohibits the governor from issuing a message of necessity for budget-related bills.