Public Finance Proposal
New York State Financial Budget
2010/2011 budget New York
While preparing the 2010/2011 New York budget, efficiency and transparency is to be put into consideration. The budget is prepared with recommendations from the executive board, the Director General, who decided on the priorities of the budget, while other field offices, BB and sector bureau also gave their contributions and estimates. Drafting of the budget and presenting it to the 181st session of the board undergoes revision, later presented to 182nd session, which the general conference approves during the 35th session.
The enactment of the budget was in regards of section 401 and 423, and according to Military Construction and Veterans Affairs and Related Agencies Appropriations Act of 2010; sec 9001 appropriated funds for the department of defense. Sec 9003 executed and supported operations in overseas as long as there was supervision. Education sector had an accountability system that provided by the Education Act thus ensuring proper use of funds. State education agency and sec 1003 and 1502 considered to ensure appropriation of funds, by cutting off money set for education purposes by 5% and increased taxes and fees to $1 billion, with also reduced spending in higher education with approximately $142. 7 million cut from colleges and universities in the New York state (Paterson. 2010).
Estimated cut in health services summed up to be approximately about $131.9 million from health care systems, hospitals and nursing homes, although $455.3 million was the actual proposal. With all Medicaid expenses shifted from all the counties to the state administration, it was to ensure efficiency and eligibility...
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Healthcare spending by the New York State persistently surpasses its earnings. That difference continues to be expanding and is also anticipated to broaden unless of course there happen to be severe, continuous modifications in spending budget actions. Lieutenant Governor Richard Ravitch, in "A 5-Year Strategy to Deal with the State of New York's Spending budget Deficit" released during March 2010, approximated this structural disproportion within the state's spending budget to
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