NYS Budget

July 15, 2018. Since the Governor took office in 2011, the spending for economic development has increased significantly with dubious results. Several projects, which include the $15 Central New York Film Hub outside Syracuse and the Buffalo Billion revitalization plan, among others, have failed considerably and only exposed the major corruption in New York state government. With the outcome of the bid-rigging trial of Alain Kaloyeros hanging over our state government and a failure to pass accountability and transparency legislation during the legislative session, it is suffice [...]

May 3, 2018. Jumaane Williams, the New York City councilman and progressive activist who's seeking to unseat Lt. Gov. Kathy Hochul in September's primary, wants the state to end Gov. Andrew Cuomo's 2 percent spending cap and increase taxes on the rich. Williams suggested a number of new taxes or fees targeting the state's wealthiest residents to generate an estimated $20 billion in new revenue to fund education, transportation, environmental remediation, public housing and health care. The Fiscal Policy has long pushed to increase taxes on [...]

April 28, 2018. Newly endorsed Working Families Parties candidate for New York governor, Cynthia Nixon, discusses how the state's two percent spending cap and two percent spending property tax cap causes problems for education and government services. She says that the two percent spending cap shrinks the budget every year, causing major impacts to public education and local governments in the form of budget cuts. Frank Mauro, former executive director of the Fiscal Policy Institute, along with several other organizations, comments that the two percent cap [...]

March 27, 2018. A measure to crack down on sexual harassment in government and the private sector appeared to remain in the 2018-19 budget package on Monday, while several other high-profile initiatives may be put aside and addressed after the April 1 deadline, according to legislative staffers and others close to the budget talks. Also staying in place is a wide-ranging plan to allow employers to increase payroll taxes they pay – which would help employees deal with the new $10,000 limit on federal deductibility [...]

February 15, 2018. Ron Deutsch, Executive Director of the Fiscal Policy Institute, and Jonas Shaende, Senior Budget & Policy Analyst at the Fiscal Policy Institute, shared their analysis of the Governor’s executive budget and their recommendations for a Shared Opportunity Agenda for New York.   Access Podcast Here    

January 18, 2018. According to this article, experts say that Gov. Andrew Cuomo's budget address lacked  detail. As he did in the State of the State, the Governor laid out the case that New York is under attack from the new federal tax law, thanks to a controversial $10,000 cap on the state and local tax deduction that will hammer many high-income New Yorkers, yet critics and budget experts alike noted that the governor still didn’t explain how he would carry out all of the [...]

January 3, 2018. ALBANY - Ahead of the governor's State of the State, the people held their State of the State on Tuesday. The 29th annual rally was held at the State Street entrance to the Capitol in Albany. Organizers say they're worried about the new federal tax plan and massive budget cuts which could be on the horizon for the neediest New Yorkers. Organizations at Tuesday's rally say the governor and state lawmakers need to take action to protect those in need from federal cuts.   [...]

January 3, 2018. CBS6 News: As lawmakers return to the Capitol this year, they face fiscal challenges, including a state budget deficit of more than $4 billion. Wednesday, Gov. Cuomo delivers his State of the State Address, which will outline some of his priorities. CBS6's Heather Kovar spoke with lawmakers Tuesday, and they say this is going to be a challenging year.   Access to news clip HERE.