The state legislature is finished voting on a $141.3 billion state budget, with the Assembly completing it's work shortly before midnight on Thursday. The final passage occurred one week past lawmakers’ s self-imposed deadline, but three days before the spending plan was actually due to be finished.
The state budget includes a provision aimed at boosting the film industry in upstate New York. The new tax credit creates a two-tiered system that includes a 10 percent credit for productions using particular upstate locations.
The new state budget that lawmakers are enacting this week contains a tax package that includes both tax breaks and tax increases. The spending plan comes just two months after Gov. Andrew Cuomo said there would not be any new taxes in the budget.
New York state lawmakers are close to agreeing on a new spending plan that would include a deal to raise taxes on the wealthy and raise the minimum wage. They failed to seal a pact Monday night, but say they will be back Tuesday morning to try again.
No state spends more on Medicaid than New York, earning it the nickname of the Cadillac of Medicaid programs. But that may soon end. One of the reasons the state spends $54 billion a years on the federal health care program for the poor, are 31 optional services that the state can sign on for -- ranging from transportation, to prescription drugs, to private nurses.
State lawmakers are hurrying toward getting a budget agreement in place, with a stepped-up schedule of conference committees and meetings with Gov. Andrew Cuomo. But the governor is throwing cold water on striking a deal by the weekend.
The New York State Senate has included raising the state’s minimum wage in its one-house budget resolution. But that’s not necessarily a signal that a wage increase is moving forward in the state spending plan.
The hearings are over; the New York State Assembly and Senate have put together their respective spending plans. Now this week, lawmakers in Albany get down to the details of hammering out a state budget that both chambers can agree on. Senate Finance Committee Chairman John DeFrancisco of Syracuse believes it can be done before the April 1 deadline.
School districts across New York state are in the midst of their budget process right now, with many facing dwindling state aid and more state mandates. A weekend legislative conference in Syracuse focused on the story that doesn't seem to change.
Advocates for the disabled will be out in force in Syracuse Friday, rallying against Gov. Andrew Cuomo's proposed cuts to the New York State Office for People with Developmental Disabilities. The six percent across-the-board budget proposal would mean major cuts to the agencies across the state that provide support and services for the developmentally disabled. Many families are afraid of what will happen if those services go away.
New York State lawmakers are set to return to the Capitol Wednesday following a two-week break for the President’s Day holiday. Lawmakers have plenty to work on in the next few weeks leading up to the start of the state’s fiscal year, including whether to pass a minimum wage hike as part of the state budget.
SUNY is asking the state for up to $185 million to stabilize its two public teaching hospitals. Most of the cash is needed for the Downstate Medical Center in Brooklyn. But Upstate University Hospital in Syracuse also needs millions.
When Gov. Andrew Cuomo put forward his economic development agenda in his State of the State address in early January, he outlined his plans to grow innovation and entrepreneurship. He spoke of a new venture capital fund, the commercialization of academic research and providing support for startups.