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News stories tagged with "spending"

Cuomo calls for fairness in tax code changes

Behind the scenes talks in Albany could result in a revamped state tax code, apparently increasing taxes on the wealthy next year. Governor Cuomo, who is asking for the changes, is also proposing a gambling expansion and other initiatives.

Cuomo promised to "freeze taxes" since his campaign a year ago, is now pushing the changes. The plan would also cut taxes for the middle class.

Cuomo continues to avoid saying he supports a tax hike for the rich. But after a year of strongly opposing a "millionaire tax," Cuomo has said he's open to the idea. As Karen DeWitt reports, the governor hopes the legislature will consider his proposals later this week.  Go to full article
Irene left a big mess.  How to pay for the clean-up?  Photo:  Brian Mann
Irene left a big mess. How to pay for the clean-up? Photo: Brian Mann

State tries to figure out real cost of Irene, and how to pay it

Governor Cuomo and his top aides are still trying to assess the cost of all of the damage caused by flooding from storms Irene and Lee. They're also attempting to figure out how much the state will have to pay, and where the money will come from. In Albany, Karen DeWitt has this report.  Go to full article

Paterson pushes spending cap

Governor David Paterson is pushing for a mandatory state spending cap that would limit the growth of budgets to the rate of inflation. Karen DeWitt reports.  Go to full article

Paterson calls for up to $1 billion in spending cuts

Governor David Paterson has recommended a menu of $1 billion dollars in budget cuts that he says the legislature can choose from when it returns August 19th to address the state's financial problems. Albany correspondent Karen DeWitt reports.  Go to full article

Business Group Says No to Budget Amendment

Voters will be asked in November to decide whether to approve a proposal by the legislature that leading lawmakers say will reform the state's budget process. But opponents are calling it the "runaway spending amendment" and say voters should just say no. Karen DeWitt reports.  Go to full article

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