budget

Politics
4:59 pm
Thu January 24, 2013

Syracuse mayor questions Cuomo's borrowing plan

ALBANY, N.Y. (AP) — New York Democratic party chairwoman and Syracuse Mayor Stephanie Miner is criticizing Gov. Andrew Cuomo for what she considers his questionable proposal to use borrowing to ease a fiscal crisis for local taxpayers.  

Cuomo has proposed allowing municipalities facing potential insolvency to borrow against future savings in the state's new pension reform plan. Miner tells the Syracuse Post-Standard and The New York Times that seems unwise.

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Hudson Valley News
9:04 am
Thu January 24, 2013

Town supervisor concerned with potential state budget impact on local courts

Wallkill Town Supervisor Daniel Depew

TOWN OF WALLKILL – One of Governor Cuomo’s proposals in his state budget would remove the power from local judges to plead down motor vehicle tickets and all monies collected would go to Albany.

As it stands now, a judge has the authority to lower the charge and part of the fine goes to the locality. And with I-84 and New York Route 17 both running through Wallkill, the town makes tens of thousands of dollars in fines yearly that are applied to the town budget.

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Hudson Valley News
7:14 am
Thu January 24, 2013

Governor’s state budget includes $2 million to major extension of rail trail

Credit Kingston Daily Freeman

KINGSTON – Governor Cuomo’s proposed state budget includes $2 million for the development of a rail trail from Kingston to the Ashokan Reservoir. The ultimate goal is to connect it to the Walkway Over the Hudson.

Ulster County Executive Michael Hein said they are working to create “a world class tourism destination” in the county. He said the project has “far reaching regional significance and will positively impact tourism, public health, economic development” and will allow residents and visitors from across the globe to enjoy the “pristine beauty” of Ulster County.

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New England News
6:25 pm
Wed January 23, 2013

Gov. Patrick's FY 2014 Budget Proposal Focuses on Education, Transportation

Massachusetts Governor Deval Patrick today released his FY 2014 budget proposal. WAMC’s Berkshire Bureau Chief Lucas Willard reports that the Governor is planning to invest in three key areas: education, innovation, and infrastructure.

Governor Patrick’s $34.8 billion budget proposal follows his State of the Commonwealth speech last week where he called for more investment in transportation including streamlining public transportation and improving roads and bridges, as well as a significant boost to education spending.

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US News
10:10 am
Wed January 23, 2013

House GOP seeks to defuse debt crisis

House Speaker John Boehner, R-Ohio
Credit Gage Skidmore / Flickr

WASHINGTON (AP) -- With tacit support from President Barack Obama, House Republicans are moving to try to defuse a potential debt crisis with legislation to prevent an economy-rattling fiscal crisis for at least three months.

The GOP legislation marks a tactical retreat by House Speaker John Boehner, R-Ohio, who is eager to avoid a potential first-ever default on U.S. payment and debt obligations as he wrestles with Obama and his Democratic allies over taxes, spending and the deficit.

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New England News
6:25 am
Wed January 23, 2013

Money on the minds of lawmakers in Vt.

Credit WAMC

    

MONTPELIER, Vt. (AP) — Vermont lawmakers will have money in mind for the next couple of days.

On Wednesday, the House is slated to take final action on a mid-year budget adjustment bill to respond to growing needs in human services.

Also Wednesday, the Emergency Board — made up of the governor and the four legislative money committee chairs — is scheduled to hear a new revenue forecast from two consulting economists.

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New York News
7:06 am
Tue January 22, 2013

Cuomo set to outline $132B NY state budget

Credit Pat Arnow

ALBANY, N.Y. (AP) — Gov. Andrew Cuomo is set to detail his budget proposals for the state's 2013-2014 fiscal year beginning April 1.

He's expected to propose about $132 billion in spending and attack a deficit of at least $1 billion as the state deals with the aftermath of superstorm Sandy and tax collections lagging behind projections.

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New England News
10:00 pm
Wed January 2, 2013

Comptroller: Conn. Faces $40 Million Deficit

Connecticut's comptroller says the state is on track to end the fiscal year with a budget deficit of $40 million.

The estimate released Wednesday by Comptroller Kevin Lembo reflects cuts that were made last month after officials revealed a $365 million deficit in the current $20 billion state budget.

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New England News
5:42 pm
Mon November 5, 2012

Berkshire Legislators Urge Restraint on Spending Surplus

State lawmakers in Berkshire County are asking Massachusetts to hold onto its recently announced fiscal surplus, to use only in case of emergency. WAMC’s Berkshire Bureau Chief Lucas Willard reports…

State financial officials announced last week that the Commonwealth is facing a $116 million surplus in last year’s FY 2012 budget. When desposited into the state’s so-called “Rainy Day Fund”, it brings that amount to over 1.6 billion dollars. That makes Massachusetts a state with one of the largest cash reserves in the country, only behind Texas and Alaska.

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New York News
12:20 pm
Tue October 2, 2012

Mayor Submits Budget With Criticism of State Mandates

Plattsburgh NY City Hall
WAMC

The proposed 2013 budget for the city of Plattsburgh has been released.  The Mayor says “lack of meaningful reform” in Albany and an “underperforming pension fund” made it one of the most difficult to craft since he has been in office.
    

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