The Treasury invited 20 of the largest banks to a meeting to discuss an upcoming quarterly auction of government debt.
An Assembly panel will gather Wednesday to hear how a $10 million cut in funding to legal services for low-income residents will affect those who can’t afford to hire a lawyer.
Christie said his budget doubles a property tax relief program for seniors and spends $90 million more on a program that freezes seniors’ property taxes.
Nursing homes lost about $30 million in aid. A program that helped keep the aged, blind and disabled population out of managed care was cut by $11 million.
Democrats say cuts made by the Republican governor before signing a $29.7 billion budget disproportionately hurt the poor and middle-class.
An analysis of crime data finds violent crime was up 13 percent from Jan. 1 through June 20 compared with the same period a year ago.
Republicans led by Gov. Chris Christie want to hold the line on spending and taxes. Democrats led by legislative leaders in the Senate and Assembly want to restore funding to the state’s most needy citizens and fully fund public education, and they want the state’s wealthiest taxpayers to shoulder more of the costs.
In New York’s fourth largest city, the budget crisis is so severe that there has been talk of a state takeover. Rescue talks in Yonkers are going down to the wire.
Mayor Michael Bloomberg says the new state budget unfairly singles out the city and makes it impossible to prevent layoff and cuts in services.
Edward Mangano’s proposal includes over $60 million in employee-related cuts, and would impose a 13-day unpaid furlough for county workers.
Chris Christie’s second annual state budget address will likely ruffle feathers and bolster his reputation among his supporters as a fiscal conservative.
In this Eye on New York segment, CBS 2’s Don Dahler breaks down the 2012 budget and political reporter Marcia Kramer interviews Congressman Charles Rangel.
There was a dramatic revelation from Gov. Cuomo on Monday – there have been secret budget rules that for decades have padded funding for special interests and helped push state finances into the red.
On the billions of dollars states borrowed from the federal government to pay unemployment benefits during the recession, $1.3 billion in interest was coming due this Fall.
New York’s incoming governor, Democrat Andrew Cuomo, says he won’t raise taxes even though he will inherit a budget deficit of at least $9 billion when he takes office in January.
- Shuttle Pavilion Update Tornado Devastates Moore,... Metro-North Derailment Repairs Bridgeport Metro-North Train...
- Eye On Manhattan World Trade Center Sunrise Construction Barges For New... Prince Harry Plays Polo In...
- Prince Harry Visits New York... Demolition Begins On Jet Star... Prince Harry Visits Jersey... Angelina Jolie Through The...
- Spire Installed Atop One... Garbage Truck Demolishes Home... Another Brick In The... Costume Gala At The Met