Citizens Budget Commission

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Gov. Andrew Cuomo is taking credit for the state budget’s turnaround from huge gaps to healthy surpluses, but a watchdog group says Cuomo is relying on future funds that have not yet materialized.

Cuomo often lists his achievements as governor when he gives speeches. He likes to recount how he turned the state’s finances around, as he did in his inaugural address earlier this year.

“We turned a $10 billion deficit into a $5 billion surplus,” Cuomo said then.

A budget watchdog group says New York’s new 10 year plan of how it will spend more than $174 billion in road, bridge and numerous other projects lacks transparency and needs more details on how it will all be paid for.

Gov. Andrew Cuomo’s administration, for the first time, has compiled a list of all the state improvement projects anticipated for the next 10 years, for a total estimated cost of $174.4 billion.

A leading budget watchdog group is urging rejection of a key component of Gov. Andrew Cuomo’s budget plan. It would allow cities and schools to put off some payments to their pension funds.