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News stories tagged with "budget"

New York's Looming Budget Deficit Seen as Growing Political Crisis

The candidates for governor may not be talking about New York's looming budget deficit, buy many of those involved in New York's political world are discussing the growing problem. Two think tanks, one conservative and one liberal have recently issued reports with the recommendations on how to handle the crisis that New York's governor will have to face next year. Karen Dewitt reports.  Go to full article

NYS Tax Collections Down

A study by the Rockefeller Institute of Government finds that New York's tax collections were down by almost 20% in the first quarter of the budget year. Karen DeWitt reports.  Go to full article

Ausable Valley Voters Approve 17 Million Dollar Budget

Voters in the Ausable Valley school district narrowly approved a seventeen million dollar budget on Thursday. The spending plan will mean an eleven percent property tax increase. That price tag angered some locals, who urged the school district to make deeper program cuts. Brian Mann has details:  Go to full article

NYC Mayor Bloomberg Lobbies Lawmakers to Take Control of City's Schools

A fight has erupted in the New York state legislature over the issue of giving mayors more control over schools in their cities. New York City mayor Michael Bloomberg is seeking approval to take charge of his city's schools, and any agreement could lay the groundwork for mayors of several other cities across New York to win control of school districts in their cities. But first, an argument between the Assembly and Senate must be resolved. Karen Dewitt reports.  Go to full article

Lawmakers Defend Three Men In A Room Process to Balance Budget

Governor Pataki and legislative leaders conducted the just completed state budget, mostly in secret. Lawmakers say the return to three men in a room was necessary because New York faces a fiscal crisis. Karen Dewitt reports.  Go to full article

State Lawmakers Finish Budget

The state legislature has finished the budget, six and a half weeks after the deadline. Governor Pataki and the legislative leaders say they are proud of a difficult budget put together in the midst of a financial crisis, and they defend the new fees and one shots the budget contain. Karen Dewitt reports.  Go to full article

Final Action on State Budget Expected Tonight

State lawmakers hoped to begin passing bills last night. They hoped and they say they could complete final action on the budget by the end of the week. Karen Dewitt reports.  Go to full article

Environmentalists Question Proposed ETF Loan to Help Balance State's Budget

As Governor Pataki and the legislature continue to write and negotiate budget bills in secret, environmentalists are left wondering whether a proposed loan of 200-million dollars from the environmental trust fund is really a loan at all. Karen Dewitt reports.  Go to full article

New Budget Would Borrow From Environment and Healthcare Funds

The new state budget framework includes plan to borrow from funds meant for the environment and health care in order to balance the state's budget. Groups that benefit from those funds aren't happy with this arrangement. Karen Dewitt reports.  Go to full article

State Budget Deal Reached

The governor and leaders of the legislature finally worked out a budget deal last night. Details are scant. None of the leaders offered an estimate on the overall size of the spending plan — and how it compares to the $89 billion budget Pataki proposed in January. Karen Dewitt reports.
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