Issues: Predatory Lending

Senator Ted O'Brien's statement on the Bank of America settlement

ROCHESTER, N.Y. – Senator Ted O’Brien released the following statement on the Bank of America settlement that will bring $300 million to New York State:

“The $300 million New York will receive from the Bank of America settlement should go towards upstate property tax relief by reducing the cost burden on local school districts which have been devastated by the Gap Elimination Adjustment. We cannot afford to continue balancing school district budgets on the backs of local property tax payers, and must take action immediately to give hardworking families and small businesses the property tax relief they need.”

-30- 

August 22, 2014
Read more...

Legislative Notebook: State Initiatives of Interest to Veterans

Here is a partial listing of bills I have supported this session to aid New York’s former servicemen and servicewomen. These initiatives will now go to Governor Cuomo for final action.

-- Legislation I co-sponsored was passed by both houses (S.7839, first introduced as S.4714)) to extend the Military Service Credit Law of 2000 to all veterans who have served in the military. Right now, public employees who served in the armed forces may purchase up to three years of pension credit only if their military service occurred during specified conflicts. This measure will expand this opportunity to public employee veterans who also served their country in peacetime.

June 26, 2014
Read more...

SENATOR VALESKY HAILS PASSAGE OF FOURTH CONSECUTIVE ON-TIME STATE BUDGET

ALBANY, NY—State Senator David J. Valesky (D-Oneida) today lauded the passage of the state’s fourth and historic consecutive on-time budget. This has not been accomplished with the same Governor and legislative leaders in more than 40 years.

April 1, 2014
Read more...

Senator David Valesky Welcomes DFS Mobile Command Center to CNY

Department of Financial Services' Assistance Available for Homeowners during Mobile Command Center Visits to Syracuse on Thursday and Liverpool on Friday

State Senator David J. Valesky (D-Oneida) today announced that the Department of Financial Services’ (DFS) Mobile Command Center (MCC) will be in Central New York this week to help provide foreclosure prevention assistance to struggling homeowners.

Department representatives will be available to meet homeowners in the MCC at two locations:

November 21, 2013
Read more...

Department of Financial Services to Speek Resolution of Insurance Claims in Areas Affected by SANDY

The NYS Department of Financial Services (DFS) is setting new rules to speed the processing of insurance claims in areas affected by Storm Sandy. The new regulation reduces the amount of time an insurer can delay its decision on a claim, and requires insurers to report to the Department on how many claims it is delaying and the reasons for the delays.

February 27, 2013
Read more...

Governor Cuomo Outlines 2013-2014 Executive Budget to Maintain Fiscal Responsibility and Continue to Invest in Economic Growth

Governor Andrew M. Cuomo unveiled the proposed 2013-14Executive Budget and Management Plan that builds on two years of balanced, fiscally responsible budgeting and invests in economic development, education reform, rebuilding after Superstorm Sandy, provides support to local governments and school districts, and includes no new taxes or fees.

Highlights of the Executive Budget:

· Eliminates $1.3 billion budget gap with no new taxes or fees. The expected gap for 2013-14 was projected to be $17.4 billion prior to the last two responsible budgets.

· Holds spending increases below 2 percent for third consecutive year.

January 23, 2013
Read more...

Governor Cuomo in Syracuse to Discuss Budget

I was pleased to join Governor Cuomo in discussing budget accomplishments for Central New York. Click the link for more details.

File: 
Gov Cuomo CNY Budget Presentation.pdf

April 5, 2012
Read more...

Senator Gallivan Addresses 2012 State Budget In Video Message

Senator Patrick M. Gallivan (R,C,I - 59th District) speaks to the taxpayers and families of Western New York concerning the just enacted 2012 State Budget.

April 4, 2012
Read more...

State Passes Fiscally Responsible Budget That Respects Taxpayers

Budget Comes Early, Controls Spending and Holds The Line On Taxes

Senator Patrick M. Gallivan hailed the 2012 state budget today as lawmakers approved the spending plan ahead of the April 1st deadline, marking the second consecutive year New York State will enact an on-time budget.

“Passing a second on-time budget in as many years is indicative of the larger progress we’ve seen lately in Albany. Just as late budgets were once a symbol of dysfunction, on-time budgets are symbolic of continued progress,” the Senator said. “Even more important than passing an on-time budget, is that we passed a fiscally responsible budget that respects New York’s taxpayers and keeps the State moving forward.”

April 3, 2012
Read more...

Prohibit Brokers and Lenders From Deceiving Borrowers

News From New York StateSenator Shirley L.

March 30, 2012
Read more...

Governor Cuomo and Legislative Leaders Announce Agreement on 2012-13 State Budget

Governor Cuomo released the following announcement on March 27, 2012:

The Budget continues the Governor’s commitment to fiscal responsibility while creating jobs and strengthening communities across the state. It closes a multi-billion dollar deficit with no new taxes, fees or gimmicks, limits spending growth to two percent or below for the second year in a row, and launches the New York Works Task Force to invest billions of dollars to rebuild the state's roads, bridges, parks, and other infrastructure and create tens of thousands of jobs.

March 29, 2012
Read more...

Senator Zeldin Attends Smith-Wever American Legion Post's 6th Annual Women's History Month Celebration

Sayville, N.Y. - State Senator Lee M. Zeldin (R, C, I- Shirley) attended the Smith Wever American Legion Post's 6th Annual Women's History Month Celebration this past Saturday, March 24, 2012, at the Florence Evans Memorial Park in downtown Sayville. 

March 28, 2012
Read more...

Krueger Announces Senate Passage of Ban on “Yield Spread Premiums”, Predatory Lending Practice

Albany, NY – State Senator Liz Krueger (D-Manhattan) today announced the passage of her legislation permanently banning “yield spread premiums” in New York State (S. 886). This practice created perverse incentives in the mortgage market, fleecing families and creating instability in the nation’s financial system, ultimately contributing to the national mortgage foreclosure crisis.

March 22, 2012
Read more...

SENATE PASSES 2012-13 BUDGET RESOLUTION

Gallivan: “Senate Plan Cuts Taxes, Reforms Medicaid, Protects Seniors and Schools.”

The New York State Senate voted to approve its 2012-13 Senate Budget resolution, continuing its focus on state spending, job creation, and structural reform to government.

The Senate budget, at just under $132.5 billion, keeps the total state spending increase below two percent, and spends less than the Executive Budget. The budget closes a $2 billion budget deficit and builds on last year’s successes in putting the state’s fiscal house in order.

March 13, 2012
Read more...

MEDIA ADVISORY: CONSUMER ALERT - BEWARE OF MORTGAGE SCAM ARTISTS

***MEDIA ADVISORY***

FOR IMMEDIATE RELEASE

CONSUMER ALERT: BEWARE OF MORTGAGE SCAM ARTISTS

Senator Carlucci Exposes Loan Modification Company Targeting Struggling Spring Valley Homeowners

February 7, 2012
Read more...

Independent Democratic Conference Releases 2012 Legislative Agenda

 

NEW YORK, NY - The Independent Democratic Conference  released its 2012 legislative agenda Thursday aimed at strengthening this state's economy, improving the lives of New York residents, and preserving New York's progressive tradition.

The agenda was released on the anniversary of the IDC's formation and after a successful year that saw many of the conference's 2011 priorities made into law.

January 8, 2012
Read more...

CBS National News Reports on Senator Klein's Work on the Ripple Effects of Foreclosures

Senator Jeff Klein, (D-Bronx/ Westchester) is featured in a national story from CBS news on the ripple effects of the foreclosure crisis. The piece focuses on the Bronx-based Marsh family, whose home became unlivable last spring due to damage caused by a fire at an adjacent foreclosed home.

November 5, 2011
Read more...

Huffington Post Op-Ed: Beyond the Occupation

By State Senator Daniel Squadron and Assemblyman Rory Lancman

Much has been made of the lack of specific demands of the Occupy Wall Street protesters.   But the themes underlying the protests are clear: accountability on Wall Street for the financial crisis that tanked the global economy; shared sacrifice as we pull ourselves out of an economic mess that the middle class and working poor didn't create; and a political system controlled by people, not corporations.

October 7, 2011
Read more...

SENATOR MONTGOMERY HONORS LIFETIME ACHIEVEMENT AWARD RECIPIENT DOROTHY BURNHAM, A BROOKLYN “RENAISSANCE WOMAN”

The lifetime achievements of Brooklyn native Dorothy Burnham were recognized and lauded by NYS Senator Velmanette Montgomery (D-Brooklyn) during the reading of a Senate resolution, which was unanimously passed by the full Senate during the final days of the 2011 Legislative Session. The resolution paid tribute to Dorothy Burnham’s many notable contributions to our public education system, the advancement of civil rights, and to the promotion of racial and economic equality. Ms. Burnham was also honored for her designation as recipient of the Lifetime Achievement Award by the New York Friends of the People's World. “Dorothy Burnham is a Renaissance Woman,” said Senator Montgomery.

July 11, 2011
Read more...

Senate Passes Interstate Compact For Juveniles

Agreement Will Formalize Procedures For Dealings With Youthful Offenders

The New York State Senate passed legislation (S.2551A) this week introduced by Senator Patrick M. Gallivan (R,C,I – 59th District), that would make New York State a full member to The Interstate Compact For Juveniles. The Compact is a legal contract between all 50 states, establishing formal procedures to facilitate the return of runaways, and a uniform system to manage juvenile offenders residing in other states.

May 19, 2011
Read more...
Syndicate content