
Cuomo’s sophomore coup
Gov. Cuomo and legislative leaders struck a deal yesterday on a $133 billion budget — and expect to enact it before the new fiscal year starts Sunday. It’ll be the second time in a row that a spending plan is ready before the April 1 deadline.
Say this for Cuomo: He’s made Albany boring again. And good for him.
Between 1985 and 2004, not one budget was adopted by the start of the fiscal year; this, Cuomo declared yesterday, became a “metaphor” for Albany’s “arrogance.”
For sure, there was nothing metaphorical about the dysfunction that late budgets reflected. New York became a national laughingstock, particularly during the unlamented Spitzer and Paterson years.
But last year’s plan made the cut.
With lawmakers to start voting on the 2012-2013 budget today, it looks like this one will, as well.
Unfortunately, the plan comes with a $2 billion tax bump — the Millionaire’s Tax hike Cuomo imposed last December, even after he vowed repeatedly that he would do absolutely no such thing.
That helped pay for hefty, 4 percent hikes in school aid and health-care funding (while leaving New York among the highest-taxed states in the nation).
Still, with a drop in federally funded outlays, the bottom line stayed about the same.
Compare that with spending in the BC (Before Cuomo) era — when hikes were on autopilot, with “baseline” growth built into plans even before anyone looked at them.
Budgets automatically became unsound — and unsustainable.
Cuomo ended that practice last year, arguing correctly that gaps based on “planned growth” weren’t really gaps — even if his press office yesterday tried to credit him with erasing “$72 billion” worth of “out-year deficits.”
But that’s a venial sin.
Certainly, the state could have done a lot worse than the deal struck in Albany did yesterday. Good work, Governor.


