New York State Budget

New York News
6:06 pm
Tue March 3, 2015

Watchdog Group Says Cuomo Counting Too Heavily On Future Budget Surpluses In Spending Plan

Credit ..::WAMC Photo by Dave Lucas::..

New York Governor Andrew Cuomo is taking credit for the state budget’s turn around from huge gaps to healthy surpluses, but a watchdog group says Cuomo is relying on future funds that have not yet materialized.

Cuomo often lists his achievements as governor when he gives speeches, and he likes to recount how he turned the state’s finances around, as in his Inaugural address earlier this year.

“We turned a $10 billion dollar deficit into a $5 billion dollar surplus,” Cuomo said on January 1st.

Read more
New York News
3:34 pm
Tue March 3, 2015

Rebuild NY Now Continues Push For Budget Surplus Funding

Credit WAMC photo by Dave Lucas

Members of Rebuild NY Now, a broad-based coalition seeking to raise awareness about the state’s infrastructure needs, spoke at the Albany County Office Building Tuesday.

Local elected officials, members of organized labor, local Chambers of Commerce and representatives of private businesses gathered to bring attention to New York's crumbling highways and aging bridges, in efforts to underline their cause: convince the state to use its $5 billion budget surplus from recent settlements against overseas banks to fund infrastructure projects.

Read more
New York News
6:06 pm
Tue February 24, 2015

Poll Finds New Yorkers Don't Want A Late Budget Over An Ethics Fight

Credit WAMC Photo by Dave Lucas

    Governor Andrew Cuomo has repeatedly threatened to hold up the state budget over ethics reform and other issues, like education policy. Now, a poll finds that voters would rather that the budget be on time. The spending plan is due March 31st and lawmakers return to Albany Wednesday to begin several weeks of negotiations.

Read more
New York News
6:10 pm
Wed January 21, 2015

Cuomo Proposes $141.6 Billion Budget Plan

Credit Governor Andrew Cuomo

New York Governor Andrew Cuomo delivered his joint State of the State and budget message, proposing a $141.6 billion spending plan that in part sets up a show down with teachers and education advocates.

The governor wants 100 more charter schools and an overhaul of teacher evaluations, which he says are “baloney,” because virtually all teachers are rated as adequate.

“98 percent of the teachers rated effective,” Cuomo said. “Who are we kidding, my friends?”

Read more
New York News
1:02 pm
Fri January 16, 2015

Another NYS Legislative Session Underway... Lawmakers Ready To Tackle Issues

Credit WAMC Photo by Dave Lucas

The New York State Legislature convened last week for its six-month session. Area lawmakers have varying hopes and expectations for 2015.

Another session is under way, but off to a slow start resulting from Governor Andrew Cuomo's decision to move the State of the State address back two weeks following the death of his father, former Governor Mario Cuomo.

Read more
New York News
6:10 pm
Thu January 15, 2015

NYS Budget To Include A $5 Billion Surplus

  When Governor Andrew Cuomo gives his budget address on Wednesday, the state will begin the year with a $5 billion dollar surplus, a big change after years of budget deficits.

When Cuomo first came into office, the state was facing a $10 billion budget gap. Now, in 2015 the state has a $5 billion surplus, the largest since the 1940s.  The money is a one time windfall from various bank settlements, over charges of improprieties during the financial crisis.

Read more
New York News
8:19 am
Sun December 28, 2014

$5B Windfall Part Of NY Lawmakers' Agenda

Credit Tax Credits/flickr

  Lawmakers returning to Albany in January are expected to focus on financial matters such as how to spend New York's $5 billion bank settlements windfall.  

The Assembly is controlled by downstate Democrats, while upstate and Long Island Republicans dominate the Senate.

Ongoing stalemates are likely to continue on social issues such as abortion rights, campaign finance reform and raising the minimum wage.

Read more
New York News
3:40 pm
Mon December 15, 2014

Rebuild NY Now Visits Albany City Hall

Albany County Executive Dan McCoy takes the podium at Albany City Hall as elected officials and business representatives look on.
Credit WAMC photo by Dave Lucas

A Group lobbying to 'Rebuild NY Now' with state windfall funds brought its campaign to Albany Monday.  Rebuild NY Now is a coalition with a mission: to raise public awareness about the issues impacting New York State's infrastructure, with its eye on $5 billion - described as "unexpected cash" - a “windfall” of revenue from recent settlements against overseas banks to pay for infrastructure upgrades.

Read more
New York News
11:59 am
Thu August 28, 2014

Comptroller: NYS Agency Overtime Hits Record $611 Million

New York state agencies racked up more than $316 million in overtime in the first six months of 2014, continuing a recent trend of sharply higher overtime costs for taxpayers.

The startling numbers come from a mid-year report issued Tuesday by state Comptroller Thomas DiNapoli, who says the increase is troubling and should be addressed.  Spending has skyrocketed $22 million over the same period in 2013.

Read more
New York News
4:12 pm
Tue April 1, 2014

Cuomo, Leaders Admit Some Unfinished Budget Issues

Credit Office of Governor Andrew Cuomo

New York Governor Andrew Cuomo and legislative leaders are touting the virtues of the newly enacted state budget, but the spending plan has its share of critics.

Read more

Pages