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Q&A
IBO's assessment of major state budget risks to NYC
5:38:11
·
75 sec
Council Member Justin Brannan asks the Independent Budget Office (IBO) about the areas within the state budget that pose the biggest risks to New York City's budget.
- IBO identifies childcare vouchers and foundation aid as significant risk areas.
- Medicaid is highlighted as a major concern, particularly regarding the transition from indigent care pricing to directed payment.
- The potential rejection of the indigent care pricing approval and its implications are discussed.
- IBO notes concerns about the accelerated implementation of changes to the Medicaid waiver, which typically would allow states a longer timeframe to adjust.
Justin Brannan
5:38:11
And lastly, what areas within the state budget does IBO see as the biggest risks to our budget?
Louisa Chafee
5:38:20
Well we outlined the childcare vouchers and the foundation aid.
Sarita Subramanian
5:38:27
Yeah, I would say those as well as you know Medicaid as Louisa mentioned, is one that we are looking to see in particular, assuming that the approval to the transition from the indigent care pricing to the directed payment, it will not be approved.
5:38:50
We're looking to see what actions the state might take in terms of going back to session to allow for ICP to continue.
5:39:00
And then obviously the announcement about the waiver being taken back and that also being implemented on a pace that's a lot faster than what would traditionally happen.
5:39:15
And that, you know, normally I think the federal government in those circumstances would give states, you know, longer of time frame to adjust.
5:39:22
And it sounds like that'll be about six months for the state, So