New York State Budget
New York State Gov. Andrew Cuomo this week was studying options for how to spend a $4.2 billion state budget surplus.
Mayor Bill de Blasio received the funding for universal pre-kindergarten in the New York State budget – albeit without the tax hike on the wealthy he had requested.
The New York State Assembly has passed a $140 billion election-year budget that funds statewide prekindergarten and provides tax relief to homeowners and corporations.
The mayor discussed universal pre-K before throwing out the first pitch at the Mets game Monday afternoon.
Now that state lawmakers have closed a budget deal to fund prekindergarten in New York City, Mayor Bill de Blasio is ready to turn to the next items on his sweeping liberal agenda.
Sources told CBS 2 that the New York State Legislature is poised to cut taxes for property owners, renters, businesses and even estates.
The battle between Mayor Bill de Blasio and Gov. Andrew Cuomo over charter schools has led to a tentative deal on a reform package from state lawmakers, sources told CBS 2 News.
New York state legislative leaders said Wednesday they were closing in on a deal to fund pre-kindergarten, and discussing a delay to Common Core academic standards as they tried to finalize budget bills this week.
New York State Gov. Andrew Cuomo and legislative leaders negotiated over property tax relief, charter schools and prekindergarten funding Monday – with a budget deadline looming in a week.
New York City’s finances have been helped by strong revenue growth, but ongoing structural deficits and labor contracts that still have to be renewed are a concern, state Comptroller Thomas DiNapoli said in a report issued Tuesday.
Transit advocates joined elected officials and a member of the Metropolitan Transportation Authority board Sunday, demanding that the agency use a budget surplus to restore and increase service.
Good-government groups slammed the New York State Legislature on Wednesday for what one senator called “vampire voting” — dead-of-night votes to revive taxes that were supposed to die — to build much of the new $135 billion budget.
Some critics are not happy that the proposed New York State budget cuts funding for cancer screenings and teen smoking prevention programs, but expands spending to help the Buffalo Bills and Hollywood.
Instead of passing an extraordinarily early budget as they planned, lawmakers now will rush to meet the April 1 deadline a few days early.
Governor Andrew Cuomo and legislative leaders said Wednesday evening that they have reached a state budget agreement, which would include raising the minimum wage to $9 an hour over three years.