New York’s property tax levy cap makes it more important than ever for local governments and school districts to bring their long-term spending into line with long-term revenues. But most localities don’t issue budget forecasts that look further than a year ahead —making it it easier to put off tough decisions.
The latest wrinkles in Governor Andrew Cuomo’s green energy policy, as outlined yesterday in his third State of the State message, include a “cabinet level energy czar” recruited from the Obama administration.
Senate Majority Dean Skelos today said that “enacting a stronger, permanent Kendra’s Law must be a priority for the 2013 session, and should be included in any legislative agreement on gun safety” as part of New York’s response to the mass murder in Newtown, Ct. (not to mention New York City’s recent subway-shoving incidents).
Governor Andrew Cuomo today finally got around to announcing most of the members of the “Tax Reform and Fairness Commission,” which he first promised to create a year ago as part of the legislative deal that temporarily extended the state’s income tax hike on million-dollar earners.
Twenty-nine days past the legal deadline, the Cuomo Administration finally got around to posting the state’s required mid-year financial plan update on the Division of the Budget (DOB) website late yesterday afternoon. As expected, the report does not included an estimate of fiscal impacts from Superstorm Sandy. DOB says it is still working on those numbers.
Retiree health benefits for state and local government employees are a huge, unfunded and rapidly growing liability for taxpayers throughout New York.
Federal Medicaid reimbursements to New York State could be cut by $1 billion a year to make up for more than two decades of excessive claims that one congressman compared to “fraud.”
Located some 40 miles north of New York City, in Westchester County, the Indian Point Energy Center (IPEC) consists of two operating nuclear reactors, with a combined generating capacity of over 2,000 MW, and one long-retired reactor. IPEC’s size and location are the key factors in both the power it provides and the decades-long fight to shutter the plant permanently.
In a news conference just before yesterday’s legislative adjournment, Governor Andrew Cuomo announced that he would grant the required “messages of necessity” to pave the way for a vote on amended versions of two New York City bills — one related to condo-coop tax abatements, and the other to a measure implementing an important technical change in actuarial assumptions for the New York City pension funds.
As the clock ticks down towards Thursday’s adjournment of the state Legislature, Senate Republican leaders apparently are blocking a vote on a bill designed to ensure that the names of New York’s public pension recipients are (once again) unequivocally treated as public information.
Governor Cuomo today confirmed he’s following through on his State of the State promise to ban finger-imaging of Food Stamp recipients, over the objections of Mayor Bloomberg.
Governor Andrew Cuomo’s propensity for creating advisory committees, commissions and task forces — more than two dozen in all — is the subject of an article in today’sWall Street Journal