state budget

State Budget Outlook is Grim for 2018

Dec 18, 2017

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.

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.

Gov. Cuomo's flickr page

Some state lawmakers are rejecting Governor Cuomo’s proposal to extend a tax on millionaires. Cuomo spent  Tuesday rolling out his spending plan to individual groups of lawmakers in private briefings, then at night, released details to the public.

The governor fulfilled the state’s constitutional deadline to release his budget to the public , but just barely, opting for an evening unveiling  of the $152 billion spending plan .

Gov. Cuomo's flickr page

The new state budget has been in place for nearly a week, but little attention has been paid to many of the items that are in it.  A government reform group says that’s by design.

  As soon as the state spending plan was passed, Governor Cuomo made the most of two items that have received the greatest public attention, a graduated increase in the state’s minimum wage, and a future paid family leave program, to take full effect in several years.

The budget passed on a Friday night. By Monday morning Cuomo was at a political rally touting his successes.

Cuomo says "Parameters" of Budget Agreed Upon

Mar 29, 2016
Karen DeWitt / WXXI News

Governor Cuomo and Legislative leaders say they hope to have final agreements on the state budget by Tuesday evening, could possibly print bills into the night, and  begin voting on Thursday.  But by Tuesday afternoon they were still working on reaching final agreements.  

  Cuomo says he and legislative leaders have decided what issues will be included in the budget, like minimum wage and paid family leave, but he says key details are not yet finalized.

  A budget watch dog group is giving Governor Cuomo a mixed grade on his budget proposals, saying he’s done a good job reigning in spending, but is making a mistake by shifting some significant costs to New York City.

The Citizens Budget Commission analyzed Governor Cuomo’s budget plan, and gives him high marks for controlling spending, says the group’s Tammy Gamerman.