EJ McMahon

Whatever is the outcome of Tuesday’s primaries, most mayors who win a new term in cities across the state will face a similar challenge - how to get their municipalities back on secure financial footing.   

The next political leaders of New York City, smaller cities upstate, and even large suburban counties like Nassau County, will all face a big test once they take office; how to solve mounting fiscal difficulties.

Karen Dewitt/WRVO

Senate Republicans held a hearing on how to cut taxes, while also questioning whether some targeted special tax breaks are worth the money. Meanwhile, some groups complained that they’d been unfairly excluded from the discussion.

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 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.