Issues: Finance

NYS Banking Settlement Windfall Belongs to Taxpayers

It’s not a bad problem to have.  What to do with more than $3 billion?  That’s the question facing the State of New York after a settlement with BNP Paribas, a French bank charged with violating U.S. money laundering laws. Similar settlements with other banks could drive the total windfall to about $4 billion.  As you can imagine, there is no shortage of ideas for what to do with this money.  I believe the answer is simple; return the money to the people of New York by relieving the tax burden on residents and lowering the cost of government.

September 30, 2014
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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
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SENATOR GALLIVAN ANNOUNCES FUNDING FOR LOCAL LIBRARIES

GRANTS TO SUPPORT TECHNOLOGY BASED PROGRAMS   

August 15, 2014
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August 5, 2014
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SENATE REPUBLICANS LAUNCH BOLD PLAN TO INVEST OVER $3 BILLION BNP BANK SETTLEMENT TO KEEP STATE MOVING FORWARD

Accelerates Tax Relief, Rebuilds Infrastructure to Create Jobs, Helps Schools;

Rolls Back Economic Damage Caused by Senate Democrats

July 7, 2014
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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
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, ChairFriday, June 20, 2014 Room 332 CAP

*This meeting will be called off the floor*

June 20, 6:15 PM - 6:16 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, ChairFriday, June 20, 2014 Room 332 CAP

*This meeting will be called off the floor*

June 20, 4:30 PM - 5:20 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, ChairFriday, June 20, 2014 Room 332 CAP

*This meeting will be called OFF THE FLOOR and be held in Room 332 CAP

June 20, 1:16 AM - 1:33 AM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, ChairThursday, June 19, 2014 Room 332 CAP

*This meeting will be called off the floor*

June 19, 6:40 PM - 6:45 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance  Senator John A. DeFrancisco, Chair  Wednesday, June 18, 2014  Room 332 CAP

*This meeting will be called off the floor and held in Room 332 CAP

June 18, 10:08 PM - 10:10 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance  Senator John A. DeFrancisco, Chair  Monday, June 16, 2014  Room 332 CAP

*This meeting will be called off the floor and held in Room 332 CAP

June 16, 6:12 PM - 6:16 PM
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Senate Passes Tax Relief Legislation

The New York State Senate today passed seven bills that would provide tax relief to businesses, expand exemptions from the job-killing MTA payroll tax, encourage historic preservation projects, reduce energy taxes, protect forestland, and provide tax benefits to disabled veterans, as well as teachers who purchase school supplies. “Providing additional tax relief to encourage job creation is an end-of-session priority for Senate Republicans,” Senate Co-Leader Dean Skelos said.  “The measures we passed today build on the major tax relief initiatives Senate Republicans successfully fought for in the state budget to help make small businesses and manufacturers more competitive.” The bills approved by the Senate today include the following measures:

June 10, 2014
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Senator DeFrancisco Highlights Priorities for the Final Weeks of the 2014 Legislative Session

On this program of Your Voice, State Senator John A. DeFrancisco explains the end-of-session legislative process and what priorities the Legislature will be focusing on over the next few weeks. 

June 4, 2014
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair 11:00 AM, Monday, June 2, 2014 Room 124 CAP

*PLEASE NOTE CHANGE IN DATE

June 2, 11:00 AM - 11:30 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance
Senator John A. DeFrancisco, Chair
Tuesday, June 17, 2014
Room 332 CAP
*Please note this meeting will be CALLED OFF THE FLOOR and held in Room 332 CAP

June 17, 1:27 PM - 2:00 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance  Senator John A. DeFrancisco, Chair  11:00 AM, Wednesday, May 28, 2014  Room 124 CAP

*PLEASE NOTE CHANGE IN DATE*

May 28, 11:00 AM - 11:27 AM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair 11:00 AM, Tuesday, May 20, 2014 Room 124 CAP

May 20, 11:00 AM - 11:10 AM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair 11:00 AM, Tuesday, May 13, 2014 Room 124 CAP

May 13, 11:03 AM - 11:35 AM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair 11:00 AM, Tuesday, May 6, 2014 Room 124 CAP

May 6, 11:00 AM - 12:13 PM
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