New York's comptroller says state government is in better fiscal shape than it has been for years but could face future budget gaps, depending on unspecified savings and projected tax collection increases.
Comptroller Thomas DiNapoli reviewed the Cuomo administration's proposed $137.2 billion budget for the fiscal year starting April 1. He says Monday that Gov. Andrew Cuomo and the Legislature deserve credit for closing structural budget gaps that plagued the state for years.
A landowners' group is challenging the state's delay in finishing its environmental analysis on the potential impact of drilling for natural gas through hydraulic fracturing in New York.
The suit was filed on behalf of the Joint Landowners Coalition of New York claiming 70,000 members and owners of two Broome County properties. One had and one was seeking a drilling permit, both blocked from proceeding.
Gov. Andrew Cuomo is proposing to fund college classes in New York prisons, saying a college degree will reduce the likelihood an inmate will return to crime when released.
The program will offer associate and bachelor degree education at 10 prisons, one in each region of the state.
According to Cuomo's office, New York currently spends $60,000 per year on each prisoner, and it will cost approximately $5,000 per year to educate an inmate. Cuomo didn't specify the cost of the overall program.
New York Governor Cuomo’s tax commissioner is set to testify before a legislative budget hearing Monday morning, and he’s expected to get plenty of questions about a plan to freeze property taxes and cut some income taxes. Critics, who are also scheduled to speak, say the governor should focus more on the lower income New Yorkers, as well.
New York Governor Andrew Cuomo says the state will invest $30 million dollars in a $100.3 million economic development and revitalization project along Onondaga Lake.
Cuomo says Wednesday that the project includes $50 million for a performing arts center, $20 million for infrastructure improvements including wastewater treatment upgrades, and nearly $19 million for housing, roads, and businesses.
Mayors from around New York testified before the state legislative fiscal committees on Monday. In what’s traditionally known as Tin Cup day, many asked for more money, while others asked for authorization to collect more money from their citizens.
New York has revised its request for a $10 billion dollar Medicaid adjustment, which would allow using that money to pay for related health care programs, after federal officials concluded capital investment and some other programs are ineligible.
The application was first filed 18 months ago, prompting Gov. Andrew Cuomo and the state health commissioner to publicly blame the delay for threatening financially distressed New York hospitals.
New York Governor Andrew Cuomo and Attorney General Eric Schneiderman have agreed to spend the first $163 million dollars from New York's share of the national settlement with JPMorgan on mortgage relief and housing programs this year.
The first installment of the state's $613 million share will be divided, with $81.5 million going to the state's general fund and earmarked for use by New York's two housing agencies.
Officials say the other $81.5 million this year will be used by the attorney general's office for mortgage relief.