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.
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.
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.
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?”
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.
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.
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.
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.