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News stories tagged with "budget"

Pension Fund Fall-Out: Higher Local Budgets, Higher Property Taxes

The bearish stock market is crippling New York's big employee pension funds, which lost more than ten percent of their value in the last year. In the North Country, local governments and school districts rely on those funds to finance their retirement plans. To shore up the pension program, local leaders will have to pay tens of millions of dollars - money that will come from higher property taxes.
As Brian Mann reports, lawmakers in Albany hope to soften the blow, but critics say the state retirement system could be weakened.  Go to full article

Pataki, Lawmakers Spar over Budget and Spring Break

Governor Pataki and the state legislature, mired in the state's worst budget crisis in years, can't seem to agree on anything lately. Now, they're even arguing about the proper way to observe the traditional spring holidays on the Christian and Jewish calendar. From Albany, Karen Dewitt reports.  Go to full article

Educators Plan Huge Rally in Albany

Teachers, school board members and students across New York say they are planning the largest rally ever at the state capitol for next month. Karen DeWitt reports.  Go to full article

Legislative Leaders Hope to Restore Budget Cuts to Education, Health Care

New York's legislative leaders are working on a budget plan that restores $1.9 billion in education and health care spending. But the Senate and Assembly leaders are reluctant to spell out just how they'll pay for the additions.  Go to full article

Senate, Assembly Leaders Defiantly Reach State Budget Deal

Legislative leaders announced conceptual agreement on a new state budget 15 days after the spending plan was due. Karen DeWitt has more from Albany.  Go to full article

Pataki: No Use Discussing Budget Further Right Now

Governor Pataki has suspended discussions with legislative leaders over a new state budget. He says they're failing to specify restorations of his proposed cuts and how to pay for them. Pataki also urged lawmakers not to take their annual Easter-Passover break in the absence of a budget agreement. Karen DeWitt reports.  Go to full article

Lawmakers May Postpone Vote on School Funding

There's talk among some members of the legislature to postpone this spring's school budget votes, in an attempt to gain more time to form an agreement on restorations to school aide in the new state budget. Karen DeWitt reports.  Go to full article

Survey: School Boards Will Likely Propose Double Digit Tax Increases

The New York State School Boards Association says schools around the state will be recommending double digit property tax increase in budgets presented later this spring, unless restorations are made to school aid cuts in Governor Pataki's budget. Karen Dewitt reports.  Go to full article

Legislative Leaders May Agree on State Budget Without Pataki

The Speaker of the State Assembly says he and the Senate leader may strike out on their own and put together a budget without Governor Pataki. That is, if Pataki continues to reject the legislature's call for restorations. Karen Dewitt reports.  Go to full article

What's Up, or Not, With the Late State Budget?

A late state budget may become no state budget this year. Tuesday's news that there might not be a budget for the current fiscal year may seem dramatic, but working without a budget has become fairly normal for Albany. Martha Foley talks with Albany correspondent Karen Dewitt about the latest from the legislative leadership and the fate of the budget process.  Go to full article

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