Senator O'Mara: Is it affordable and is it sustainable to continue down this road of NYS spending? скачать в хорошем качестве

Senator O'Mara: Is it affordable and is it sustainable to continue down this road of NYS spending?

Albany, N.Y., March 13—State Senator Tom O’Mara (R,C-Big Flats), Ranking Member of the Senate Finance Committee, today warned that a “one-house” budget resolution being approved today by the Senate Democrat majority proposes billions of dollars in new state spending that is “unaffordable and unsustainable” and will continue to threaten state and local economies, and drive more and more New Yorkers out of the state. O’Mara, opening debate for the Senate Republican Conference on the floor of the Senate (see video above), said that Senate Democrats are calling for spending far beyond the approximately $252-billion plan proposed by Governor Kathy Hochul in her 2025-2026 Executive Budget, which is already nearly $9 billion higher than New York’s current spending. According to the Senate GOP finance staff, the Senate Democrat budget proposes an approximately $259-billion state budget in the new fiscal year or at least $7 billion higher than Hochul’s proposed budget and more than $15 billion higher than current spending. If enacted, it would mark the highest-ever state budget. According to O’Mara, Senate Democrats also project that their proposed spending plan, if enacted, would lead to a string of budget deficits over the next three fiscal years totaling $6.5 billion in 2027, $9.8 billion in 2028, and $11 billion in 2029. O’Mara said, “Is it affordable and is it sustainable for the citizens of New York State to continue down this road of spending? Senate Republicans warned that Governor Hochul’s out-of-control state spending plan would only skyrocket once the Legislature’s Democrat majorities, the biggest spenders in state history, got their hands on it. That’s exactly where we’re headed again under all-Democrat, one-party control. It remains irresponsible, unaffordable, unsustainable fiscal insanity." Read more on www.omara.nysenate.gov.