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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|

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|
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