Talks are taking place behind the scenes on changes to New York’s tax code that could result in the wealthy paying higher taxes. Governor Cuomo, who is asking for the changes, is also proposing a gambling expansion and other initiatives which he is asking the state legislature to consider later this week.
The gaps in the New York State budget, for the current year and the new fiscal year, are widening. Governor Cuomo and state lawmakers are considering a number of options, including a special session, and revamping of the state’s tax code a means of generating more money for state coffers.
Governor Cuomo’s budget office is released some bad news Monday. The state’s budget gap is even bigger than expected, with a $350 million dollar shortfall for the current year and a $3.5 billion dollar gap next year.
The governor says he’s waiting for some uncertainties in the world markets to stabilize before updating the state’s financial picture, and has delayed releasing the state’s mid year budget report, which was due in late October.
Cuomo budget officials have said they are also waiting to count some tax collections delayed by the hurricanes. They’ve also post poned some scheduled budget hearings that have been part of an effort in recent years to jump start the budget process.
Governor Cuomo’s budget office has delayed releasing its mid-year budget report and future financial forecast, citing uncertainties over the European debt crisis and delays in collection of some business taxes, due to two hurricanes that hit the state in late summer.
State worker union members have ratified a contract that will prevent nearly 3500 lay offs , though members make several concessions, including a three year pay freeze. Cuomo says he’s “very happy”, and has rescinded the lay off notices that were to go out Friday.
The votes will be counted for the second time this fall on a contract offer between the state worker union, the Public Employees Federation, and Governor Andrew Cuomo after the first offer was rejected. This time, if the contract is rejected, the governor has vowed to follow through with 3500 lay offs.
The state’s Environmental Commissioner said last week that the process to permit hydrofracking on some private lands in New York State may take longer than expected, and DEC Commissioner Joe Martens even cast doubt on whether permits would be issued in 2012 at all. Governor Cuomo says he’s willing to wait, if it leads to a rational decision making process on what’s become a highly emotional issue.
Governor Andrew Cuomo is stating in no uncertain terms that he intends to veto the redistricting lines now being devised by a joint legislative commission, because they are not independent and non partisan.
Leaders of the state worker union, the Public Employees Federation, are waging a campaign style effort to try to convince members to vote yes this time on a new contract. Governor Cuomo says he will not give the union a third chance, and will issue lay offs in less than two weeks if the second contract is rejected.
Members of the state worker union the Public Employees Federation will be voting on a new contract proposal, now that the union’s executive board has signed off on a rejiggered proposal agreed to with Governor Cuomo to avoid 3500 lay offs.