New York State Budget

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.

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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.

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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.

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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.

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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.

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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.

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New York News
5:37 pm
Mon March 31, 2014

Lawmakers In Hurry To Beat Budget Clock

Lawmakers hurried to complete work on the state budget before the midnight deadline, but the spending plan is not without some controversy.

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Commentary & Opinion
3:50 pm
Mon March 31, 2014

Blair Horner: Albany's Campaign Finance Bait-And-Switch

Once the state's political leaders got past the congratulatory "atta-boys" and backslapping on their most recent effort to reform Albany, the public was left to dig through the details of the legislative agreement.

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New York News
8:18 am
Sun March 30, 2014

New York State Budget Finalized, Voting on Monday

New York Governor Andrew Cuomo and legislative leaders have finalized the details on a $138 billion dollar state budget and say they are on track to meet the April 1 deadline. The budget includes a multi step plan that could  lower property taxes, $340 million dollars for schools to start pre-K programs, and a limited test program for public campaign financing.

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New York News
12:52 pm
Thu March 27, 2014

No Details, But Budget Deal Expected Soon

Credit alh1/flickr

Legislative leaders in Albany say they expect to have a deal on the state budget by the end of the day, but are revealing no details.

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