budget

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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The Roundtable
9:35 am
Tue August 14, 2012

Red Ink: Inside the High-Stakes Politics of the Federal Budget

David Wessel is a Pulitzer-Prize-winning reporter, columnist, and bestselling author as well as the economics editor of The Wall Street Journal and writes "The Capital" column. We speaks with him about his book, Red Ink: Inside the High-Stakes Politics of the Federal Budget.

New England News
12:30 pm
Tue July 31, 2012

Funding Deal Approved To Reopen Three Libraries

Jack Murphy, age 4, came to Springfield City Hall with his father Sean Monday night to urge city councilors to approve a funding deal for the city library
WAMC

   The city council in Springfield Massachusetts has taken  steps that will lead to the reopening of three branch libraries that closed because of budget cuts.  But it is a stopgap measure that has library supporters looking for long term funding solutions.  WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.

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New England News
6:25 pm
Wed July 25, 2012

Record Profit For Lottery Means More Local Aid Possible

The Massachusetts State Lottery this week reported record sales and net profit. It means more money should be available for future distribution to cash strapped cities and towns across the state.  WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.

Murphy’s Pop Shop in Springfield’s East Forest Park neighborhood is one of the top lottery sales agents in Massachusetts.  Owner Patrick Murphy said his business was off  due to the natural disasters that befell Springfield, but he’s not surprised lottery sales statewide during the last  12 months hit a record.

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New England News
5:22 pm
Mon July 9, 2012

Massachusetts Governor Vetoes Items In FY 2013 Budget

Massachusetts Governor Deval Patrick

Massachusetts Governor Deval Patrick signed the state’s FY 2013 budget on Sunday, but some proposals didn’t make the cut. WAMC’s Berkshire Bureau Chief Lucas Willard took a look at what items the governor vetoed and filed a report…

Governor Patrick vetoed 32.1 million in line items from the 32.5 billion dollar budget signed earlier this week. Among the items cut were reforms to immigration policy, health and social services.

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New England News
12:30 pm
Fri June 29, 2012

Higher Fees And Taxes Sought To Balance Budget

The city of Springfield Massachusetts will enter a new fiscal year this Sunday, July 1st, with a budget that officials describe as “ austere” and “ bare-bones”.  It is also a budget that remains out of balance, as we hear from WAMC’s Pioneer Valley Bureau Chief, Paul Tuthill..

 

            The $551.8 million dollar  budget will cut more than 100 city jobs, cause three library branches to close, take a fire department ladder truck out of service, and result in reduced repairs and maintenance of streets, sidewalks and parks.

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