New York State Comptroller Tom DiNapoli says he’ll need to see more details and end of the calendar year state revenue figures before deciding whether the state can afford $2 billion in new tax cuts that Governor Cuomo is likely to propose.
The proposed budget for the coming fiscal year in Springfield Massachusetts is balanced with the help of $5 million from casino developer MGM. The money was included in the budget presented by the city’s mayor even though a Springfield casino is not guaranteed. Casino opponents are crying foul.
Springfield Mayor Domenic Sarno describes his proposed $571.8 million budget for the fiscal year that begins July 1st as a “ hold the line” budget.
Today's panelists are WAMC’s Alan Chartock, WAMC’s Morning Edition Host, David Guistina, and University at Albany Journalism Professor and Investigative Reporter, Rosemary Armao. Ray Graf moderates.
This morning our discussion topics include: • In a Budget Gesture, Obama Will Return 5% of His Salary • Obama administration pushes banks to make home loans to people with weaker credit • U.S. Embassy Tweets Jon Stewart's Egypt Monologue; Diplomatic Incident Ensues • Latest Updates on the Gun Violence Debate • Leno Blesses ‘Tonight Show’ Succession Plan
New York State lawmakers were finished work on the state budget Thursday evening, completing the spending plan three days before the deadline.
The Assembly held a marathon day of voting to wrap up work on the budget , after the State Senate finished up in a midnight session earlier.
Debate on the floor included criticism from both Democrats and Republicans, over $90 million dollars in cuts to providers of services for the developmentally disabled. Lawmakers have set up a task force to try to mitigate the cuts.
The city of Springfield is seeking an exception to Proposition 2 ½ , the Massachusetts property tax cap law, when it comes to casinos.
An $800 million resort casino could mean tens of millions of dollars annually in additional property taxes for Springfield. But Mayor Domenic Sarno said the city will not get the full financial benefits from a casino development unless a change is made to Prop 2 ½.
The New York State Senate held a rare Sunday session at the Capitol, in an attempt to get the state budget finished on time in the midst of major religious holidays.
The State Senate met to vote on three previously agreed upon budget bills, in an attempt to finish the spending plan without interfering with the Easter and Passover holidays. Senate Finance Committee Chair John DeFrancisco explained it on the Senate floor.
“We’re trying to jumpstart the process,” said De Francisco, who says starting early gives everyone “ample time” for debating the bills.