DiNapoli; Proposed Budget Holds The Line On Spending

New York State Comptroller Thomas DiNapoli has issued a report on Governor Cuomo's proposed 2015-16 budget.

DiNapoli says the Executive Budget holds the line on spending and boosts state reserves.

He says the budget proposal also gives the Governor new latitude to spend and move money outside the formal appropriation process, including billions of dollars in financial settlements.

DiNapoli says however, out-year gaps remain a concern and there is a lack of clarity for some key spending areas.

The comptroller says while New York has made great strides over the past few years to get its financial house in order, there is still work to be done.

Cuomo's proposed budget totals $141 billion.