state budget

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New York’s fiscal year is nearly half over, and the state budget remains billions of dollars out of balance, largely due to the effects of the COVID-19 pandemic related economic shutdown. So far, Governor Andrew Cuomo has been relying on temporary measures to keep the state afloat, but fiscal experts say it’s time to make some hard decisions.


file photo / WAER News

Onondaga County Executive Ryan McMahon and his colleagues from across the state sent Albany a unified message ahead of the budget deadline: Don’t cut municipal aid and stop the unfunded mandates.  The county leaders joined a conference call to explain how they can’t make up the difference if the state goes through with cutting town and village aid, especially with more mandates and a property tax cap. 


Karen DeWitt / WXXI News

Economists and financial forecasters are warning of an impending recession in New York and the nation. They were speaking at the state Capitol as part of an annual consensus forecast meeting on the state budget. The state is already experiencing some warning signs, with the governor’s budget office predicting a $2.6 billion deficit.


governor.ny.gov

Those who provide services and advocacy for Central New Yorkers with HIV/AIDS will be watching closely this week to see if the final state budget includes funding to increase affordable housing. Governor Cuomo has proposed the expansion of a successful rental assistance program in New York City to the rest of the state.

State Budget Outlook is Grim for 2018

Dec 18, 2017
budget.ny.gov

With a projected multi billion dollar deficit and looming federal changes that could cost the state billions more, The biggest obstacle in the upcoming 2018 legislative session will be balancing the state budget.

The second highest ranking Republican in the Senate, John DeFrancisco, says the budget will be “horrible”, and the worst in at least seven years..

I think it’s going to be very, very difficult,” DeFrancisco said. “Probably the most difficult budget year the governor has had since he’s been governor.”

Karen DeWitt / WXXI News

Two reports issued in recent days indicate that Governor Cuomo may be facing his most difficult budget in seven years.

The midyear financial report by the governor’s budget office has lowered revenue estimates by $850 million for the current budget year and the next two years. And it finds that next year’s projected deficit is now at $4.4 billion, if spending growth continues unchecked.

Cuomo began sounding the alarm weeks before the report was released.

Sam Kmack / NY NOW

There’s some good news and some bad news from the State Comptrollers’ office. The state’s nearly $200 billion pension fund is doing well, thanks in part to the booming stock market, but there are some worrisome signs for the future of New York’s finances.

Comptroller Tom DiNapoli says the pension fund is up this quarter by 2.9 percent, and has increased 11 and a half percent from last year. DiNapoli says he likes to think that he and his staff have invested wisely, but he says a major factor is the booming stock market.

Scott Willis / WAER News

Direct Care Professionals in Central New York who provide support to the developmentally disabled could have a significant wage increase on the horizon for the first time in 8 years.  Governor Cuomo and legislative leaders have agreed to include $55 million dollars in the state budget to raise their wages.  Access CNY Director Paul Joslyn says the money will go a long way to deliver the extra money his employees deserve for their dedication to very difficult work.

budget.ny.gov

Deals on some issues tied to the state budget are coming together as lawmakers rush to meet the budget deadline.

Agreements on permitting ride hailing services outside New York City and a measure to treat 16 and 17 year olds as juveniles, not adults in the court and prion system, known as Raise the Age, were coming together as the budget deadline approaches.

Karen DeWitt / WXXI News

Governor Cuomo and legislative leaders plan to meet all week, but no agreements are finalized yet on a state budget that’s due on Friday.

Governor Cuomo and the state legislature have not yet nailed down a budget deal that could include an extension of a tax on millionaires, more tuition aid for middle class college students, and more spending on clean water infrastructure, although they continue to meet- together, and in their separate party conferences- behind closed doors.

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