Governor Paterson had a long back and forth with Senate Minority Leader Dean Skelos this morning at the legislative leaders meeting in the Capitol, as the two fought over the recent and future emergency budget extenders, which Skelos and his conference have repeatedly voted against.
The spat between the two—which mostly involved repeated pleas by Read More
Budget season in City Hall is getting into full swing, as a set of finance hearings on the mayor’s proposed budget finish up today in the City Council, which must pass a budget by the end of the month.
In prepared testimony, City Comptroller John Liu highlighted a set of risks that could increase deficits Read More
The New York Building Congress, which represents the entire construction and development industry (unions, contractors, architects, etc.) is dying for a resolution on the budget. With some construction contractors not getting paid without a state budget (now two months overdue), the organization today sent out this plea to its members, asking them to get involved, Read More
Assembly Speaker Sheldon Silver, speaking Friday morning at the Downtown-Lower Manhattan Association, opened up his remarks with a recitation of some lines he gave at the same event last year in his scathing condemnation of the lack of progress with the World Trade Center redevelopment:
I am fed up with the stalling. I am weary of Read More
Tapping its inner Briton, the Working Families Party is calling for a bonus tax.
With the state budget six days past due, the party sent a letter out to supporters and legislators today urging support of a measure that would put a 50-percent tax on bonuses of more than $50,000 for those making a Read More
Governor Paterson took to YouTube today to defend his suspension of $2.1 billion in education payments and to urge the Legislature to come to a deal on the budget, which will officially be late starting tomorrow.
From the video:
“We cannot accept a budget that cripples the State for our next generation and I Read More
For months now, Lieutenant Governor Richard Ravitch has been shuttling around the state to business and labor leaders and elected officials in an effort to impress upon them the severity of the fiscal situation. Past borrowing and one-shot asset sales have pushed the state to the edge of a cliff, Ravitch likes to say, one Read More
The state Senate has put out its budget resolution, which, despite pledges from many a member to not vote for school cuts, accepts the governor’s proposed $1.4 billion in reductions, along with many of his reductions to health care.
The plan, which could come up for a vote Monday, rejects all of the major revenue Read More
Health care workers and hospitals in the state have launched another television ad in their fight to ward off Governor Paterson’s proposed $1 billion in cuts that’s included in his executive budget.
The powerful coalition of the Greater New York Hospital Association and health care workers’ union SEIU 1199 have had much success beating back Read More
The budget gap is not getting any smaller.
Last night, the Assembly, the Senate and Paterson administration put out their “consensus economic and revenue forecast report” which projected an additional shortfall of $850 million for the next fiscal year.
Taken with the $750 million in additional gaps the governor noted in early February, that Read More
