About Richard Brescia

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So far Richard Brescia has created 20 blog entries.

REVENUE

Congress has given the state of NY a cash bath, a bailout related to the negative impact of Covid -19 and overspending that perennially generates deficits driven by long term public sector settlements the legislature and governor know cannot be met without more taxes or "one [...]

2021-02-17T16:30:46-05:00February 17, 2021|

COALITION OPPOSED TO CLCPA

  February 9, 2021 Congress has passed another spending plan relieving New York of its current deficit that through tax collections and scrutiny by fiscal watch dogs is 1/4 of early estimates. The state's federal receipts will be $84B for 2021-22, an increase of $20B and [...]

2021-02-09T10:30:28-05:00February 9, 2021|

Federal Bailout of Budget Deficit

February 9, 2021 Congress has passed another spending plan relieving New York of its current deficit that through tax collections and scrutiny by fiscal watch dogs is 1/4 of early estimates. The state's federal receipts will be $84B for 2021-22, an increase of $20B and extinguish [...]

2021-02-09T10:34:24-05:00February 9, 2021|

JANUARY 29, 2021

Several bills of interest were amended or referred to committees for review. A-1451 - A - The sponsor has replaced the flat version - A-1451 - with one of the earlier prints introduced over the last four year, retaining many of the confusing language and none [...]

2021-01-29T22:12:07-05:00January 29, 2021|

This Week January 25, 2021

It appears the defeat of senate republicans that secured a veto proof majority may represent a loss of executive power.  Both Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie have announced they favor tax increases on "the wealthy," and for income brackets below, an [...]

2021-01-25T17:14:46-05:00January 24, 2021|

Report January 22, 2021

JANUARY 23, 2021 (9:00 AM) New bills introduced this week. S - 2721 - Requires the governor's tax expenditure reporting to include an enumeration of all fossil fuel related tax expenditures; imposes a 5 year expiration upon any fossil fuel related tax expenditures enacted. Yet another [...]

2021-01-27T16:20:13-05:00January 22, 2021|

The trend toward closing NYS budget gap was confirmed in the Financial Plan, a required budgetary calculation. Given higher revenues certified by the comptroller last week, the plan suggests a 21-22 (fiscal year) gap of around $4b rather than the $8b suggested in earlier reports.  More [...]

2021-01-15T16:15:55-05:00January 15, 2021|

January, 2021

The October Mid-Year Financial Plan Update reported New York State was facing an $8.2 billion budget gap in the current year and a $16.7 billion gap in fiscal year 2022, absent $8 billion in recurring to-be-determined local aid cuts. Since then, a federal aid package was [...]

2021-01-15T15:24:54-05:00January 15, 2021|

NYS Legislative Introductions

NYS Legislative Introductions 2021 BILLS FOLLOWED NY S00528 - Relates to the right to clean air and water and a healthful environment. CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to article 1 of the constitution, in relation to the right to clean air [...]

2021-01-11T12:27:14-05:00January 8, 2021|

Items of the Week

Report from the Hill will be available via this site only. January 22, 2021 (9:20AM) The lack of Covid -19 vaccine is under review by the Biden administration and the State of NY.  The expectation is that delays in the delivery of the drug from Moderna [...]

2021-01-22T09:21:05-05:00January 8, 2021|
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