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Revenues Are Shrinking but Spending is Not - - Presentation from CBC

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Unshackle Upstate
Unshackle Upstate

Read more from the Citizens Budget Commission on how the revenues in New York are shrinking but the spending is not. The presentation details the top 3 projected spending and how raising taxes is not the answer to the problems that plague upstate New York. For more information visit: www.unshackleupstate.com

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Revenues are shrinking but spending is not ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Raising taxes is not the answer ,[object Object],[object Object],[object Object]
School Spending Growth of 20 Percent 57 Percent above U.S. Source: New York State Division of Budget Per Pupil Spending – NY vs. U.S Planned Spending on School Aid Fiscal Year 2009-10 to 2012-13 Source: New York State Division of Budget, 2009-10 Financial Plan: First Quarterly Update , July 30, 2009
Employee Compensation Spending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Growth of 23% Unusual Features Planned Spending on Employee Compensation Fiscal Year 2009-10 to 2012-13 Salaries & wages Health Insurance Pensions Source: New York State Division of Budget $14.3B $17.6B
Medicaid Spending Growth of 36% 67% above U.S Source: New York State Division of Budget Planned Spending on Medicaid Fiscal Year 2009-10 to 2012-13 Source: U.S. Department of Health, Center for Medicaid and Medicare Services, State Data Files, Federal Fiscal Year 2006 Spending Per Medicaid Beneficiary, 2006
This combination of steep projected spending increases and declining revenues produces daunting budget gaps New York State Projected Operating Budget, Next Three Years 1 ($ millions) ,[object Object]

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Revenues Are Shrinking but Spending is Not - - Presentation from CBC

  • 1.
  • 2.
  • 3. School Spending Growth of 20 Percent 57 Percent above U.S. Source: New York State Division of Budget Per Pupil Spending – NY vs. U.S Planned Spending on School Aid Fiscal Year 2009-10 to 2012-13 Source: New York State Division of Budget, 2009-10 Financial Plan: First Quarterly Update , July 30, 2009
  • 4.
  • 5. Medicaid Spending Growth of 36% 67% above U.S Source: New York State Division of Budget Planned Spending on Medicaid Fiscal Year 2009-10 to 2012-13 Source: U.S. Department of Health, Center for Medicaid and Medicare Services, State Data Files, Federal Fiscal Year 2006 Spending Per Medicaid Beneficiary, 2006
  • 6.