Budget Surplus for NY State’s 2013-14 Fiscal Year

New York state ended the 2013-14 fiscal year in the strongest fiscal position in years and was able to deposit $175 million in the Rainy Day Reserve Fund for the first time since 2008.

This according to a report on the recently enacted state budget released Monday by State Comptroller Thomas DiNapoli. Still, the $143 billion budget continues to rely, in part, on temporary funding streams to attain balance.

The General Fund’s year-end balance of more than $2.2 billion was $432 million more than February Financial Plan projections.