The New York State economy is in an extremely fragile state; budgets have overflowed and ballooned at the expense of the taxpayers. Our economy is one of the key areas that keeps the New York relevant among the rest of the states and, in some cases, world powers.  New York State has been one of the few states that has not only passed a balanced budget, but a timely budget in recent years.

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The New York State budget for 2023 has produced a surplus, mainly due to Federal Aid. Normally, the State of New York operates on approximately 28% Federal Aid, my goal would be to create oversight and accountability of the budget in a manner that would decrease the need for Federal Aid by 3% annually allowing for the State of New York to operate independently from Federal Aid within 10 years, allowing any Federal Aid to be directed to improving social programs within the state. 

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I propose that we force our state government to pass a balanced budget in a timely manner annually. Excess spending needs to be curbed and eliminated and the money in the budget needs to be directed to the places it is needed most. Oversight and accountability of the budgetary process needs to be emplaced and strictly enforced. The Assembly needs to push a balanced budget to the State Senate by June 31st Annually; the State Senate needs to pass the final budget to the Governor of New York by July 31st Annually; the Governor needs to sign the next year’s annual budget into law by August 30th Annually. If any part of this process is delayed, that body of the government will go into lockdown and will not be authorized to leave the Capitol area. until the budget is passed. If the budget is not passed by the start of the fiscal year, the entire budget committee will be permanently removed from ever being able to hold a position on the budget committees again.

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I also would propose a bailout program for the citizens of the State of New York. Our government continues to bail our failed businesses but offers little or no support for individuals who need financial help. I suggest that we create an New York State Emergency Relief fund that would help those in need through an application process that offers a solution to the immediate problem as well as counseling and training to remedy the source of the problem. This would be a one-time, 0% loan that would be paid back over a determined time-period starting 1 year after approval of the assistance. There would also be a grant program for extreme and uncontrolled, unforeseeable incidents. This bailout program would be funded through a small portion of payroll tax going to the fund and larger corporations paying in a larger portion on their net profits.