Adjusted       Executive                       
                        Appropriation         Request                  Percent 
                              2000-01         2001-02         Change    Change 


  AID TO LOCALITIES
  Community Projects
    Fund                   14,692,500               0    (14,692,500) -100.00%
  General Fund          1,841,276,199   1,779,728,002    (61,548,197)   -3.34%
  Fiduciary            23,870,300,000  24,075,300,000    205,000,000     0.86%
  Total for AID TO
    LOCALITIES:        25,726,268,699  25,855,028,002    128,759,303     0.50%

Community Projects Fund
  Community Projects        2,052,500               0     (2,052,500) -100.00%
  Development Authority
    of the North Country      330,000               0       (330,000) -100.00%
  Greenway Heritage
    Conservancy of the
    Hudson River Valley       200,000               0       (200,000) -100.00%
  Misc. Higher Ed.          8,110,000               0     (8,110,000) -100.00%
  All State Departments
    and Agencies            4,000,000               0     (4,000,000) -100.00%

General Fund
  Aid To Counties           5,000,000      17,000,000     12,000,000   240.00%
  Emergency Financial Aid
    to Certain Cities      26,474,000      26,474,000              0     0.00%
  Emergency Financial
    Assistance to Eligible
    Municipalities         20,813,800      20,814,000            200     0.00%
  Emergency Highway
    Construction and
    Reconstruction        301,000,000     326,000,000     25,000,000     8.31%
  Emergency Highway
    Reconditioning and
    Preservation          233,600,000     258,600,000     25,000,000    10.70%
  General Purpose Local
    Government Aid        781,321,597     781,322,000            403     0.00%
  Hudson River Valley
    Greenway Communities
    Council                   204,000         454,000        250,000   122.55%
  Misc Financial Assistance 6,259,000         630,000     (5,629,000)  -89.93%
  Misc. Higher Ed.         12,125,000               0    (12,125,000) -100.00%
  Nassau County Interim
    Finance Authority      30,000,000      25,000,000     (5,000,000)  -16.67%
  Stock Transfer
    Incentive Fund        114,037,800               0   (114,037,800) -100.00%
  Supplemental Municipal
    Aid                   189,034,002     189,034,002              0     0.00%
  Yonkers EIP I and II
    Court Order           121,407,000     134,400,000     12,993,000    10.70%

Fiduciary
  Municipal Assistance
    State Aid Fund        560,300,000     563,300,000      3,000,000     0.54%
  Municipal Assistance
    Tax Fund           13,310,000,000  13,512,000,000    202,000,000     1.52%
  Stock Transfer
    Tax Fund           10,000,000,000  10,000,000,000              0     0.00%


                           BUDGET HIGHLIGHTS
                   (Executive Budget:  pp. 449-470)

Development Authority of the North Country

The Executive recommends a $330,000 decrease in General Fund support.

Greenway Heritage Conservancy of the Hudson River Valley

The Governor provides no General Fund - Aid to Localities funding for State 
Fiscal Year (SFY) 2001-02.  This represents a decrease of $200,000 from SFY 
2000-01.

Hudson River Valley Greenway Communities Council

The Governor recommends a General Fund - Aid to Localities appropriation of 
$474,000, an increase of $250,600 for a local community grants program.

Local Government Aid to Counties

The Executive recommends $17,000,000 for counties to be apportioned as per 
Section 54-k of the State Finance Law.  This represents a $12,000,000 increase 
from SFY 2000-01.

Miscellaneous Financial Assistance

The Executive recommends a reduction of $5,629,000 to reflect non-recurring 
needs in those municipalities that received aid in State Fiscal Year (SFY) 2000-
The Executive proposes additional funding of $630,000 for Arlington, Carmel 
and Pawling school districts in East Fishkill for recurring needs.

Miscellaneous Higher Ed.

The Executive proposes the elimination of $12,125,000 for programs initiated by 
the Legislature in the 2000-01 enacted State budget.

Municipal Assistance State Aid Fund

The Executive proposes an increase of $3,000,000 for this fiduciary fund to 
reflect increased activity on Wall Street.

Municipal Assistance Tax Fund

The Executive proposes an increase of $202,000,000 for this fiduciary fund to 
reflect increased activity on Wall Street.

Nassau County Interim Finance Authority

The Executive reduces funding for the Nassau County Interim Finance Authority by 
$5,000,000 to reflect State reimbursement for non-recurring expenditures for 
County reassessment costs.  The Executive proposes $25,000,000 for the Nassau 
County Interim Finance Authority as per Chapter 84 of the Laws of 2000.

Stock Transfer Incentive Fund

The Executive eliminates funding for the Stock Transfer Incentive Fund in the 
amount of ($114,037,800) for the City of New York.

Yonkers EIP I and II Court Order

The Executive proposes an increase of $12,993,000 for the City of Yonkers for 
the court-ordered reimbursement of the Educational Improvement Plan (EIP) I and 
II costs related to desegregation activities of the Yonkers School District.  
Total funding for SFY 2001-02 is $77,100,000 for SFY 2000-01 EIP costs.  The 
remaining $57,300,000 shall be paid after April 1, 2002 for SFY 2001-02 EIP 
operating costs.


Article VII Legislation

The Executive submits Article VII legislation which includes the following:

   --Amends Section 92-i of the State Finance Law to eliminate the funding 
mechanism for the Stock Transfer Incentive Fund.

   --Amends Section 54 of the State Finance Law by adding a subdivision to 
notwithstand the formulas used to appropriate General Purpose Local Government 
Aid.  The legislation will appropriate from the General Government Budget Bill 
without regard to Section 54 of the State Finance Law.