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Budget Negotiations Update

March 31, 2010
Staff Contact: Ken Pokalsky

On Monday, March 29 the Senate passed emergency appropriation bills covering state expenditures through April 11 that were approved by the Assembly last week. Both houses are on a scheduled break until Wednesday, April 7, while legislative staffs continue to work on a possible agreement.

The following provides an overview of key business issues in the Senate budget resolution that was approved last week, and the one-house Assembly budget bills that have been introduced but not approved, with a focus on proposed revenue and economic development provisions.

GENERAL STATE SPENDING

Senate:

Assembly:

TAXATION/REVENUE

(Note: a complete comparison of Executive Budget, Senate and Assembly revenue proposals is available here.)

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Assembly:

ECONOMIC DEVELOPMENT

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CONSTRUCTION

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CONTRACT PROCUREMENT

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ENERGY/TELECOMMUNICATIONS

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ENVIRONMENT

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Assembly:

FINANCIAL SERVICES

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HEALTH CARE

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TORT REFORM

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Assembly:

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