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.
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.
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.
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.
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.
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.
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.