Issues: Finance

The Middle Class Tax Cut and Job Creation Plan

After Albany approved a sweeping tax reform and job growth plan designed to provide income tax reductions to 4.4 million New Yorkers and thousands of small businesses, Western New York State Senator Patrick M. Gallivan (R,C,I – 59th Senate District) announced an additional proposal to implement a strict cap on all income tax revenues collected under the state’s brand new income tax bracket structure.

December 21, 2011
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Gallivan Announces Legislation To Cap Income Taxes, Refund Excess Funds Back To Taxpayers

BILL SEEKS TO CONTROL SPENDING AS COMPANION PIECE TO NEW TAX AGREEMENT

December 9, 2011
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Cuomo Considers Changing N.Y. Tax Code as Economy Struggles

Nov. 30 (Bloomberg) -- Governor Andrew Cuomo is considering restructuring New York's tax code as he prepares a budget that must close a deficit as large as $3.5 billion after a temporary surcharge on those earning at least $200,000 expires Dec. 31.

Cuomo has said he opposes the state's so-called millionaire's tax. With the levy set to expire at year's end, he's now discussing a broader rethinking.

"What I'm looking at is what do you do with the tax code and how you use the tax code to stimulate jobs," the 53-year- old first-term Democrat said on WGDJ in Albany today.

December 8, 2011
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SQUADRON TO GOVERNOR: INVEST IN BQE REHAB, CITY TECH, ENERGY EFFICIENCY

Following Bill's Passage, Squadron Asks Governor to Invest New York Works Infrastructure Fund in Brooklyn, Lower Manhattan

Squadron Applauds Passage of Programs He’s Long Championed: Summer Youth Employment, Career Pathways

ALBANY – Following the state legislature’s passage of legislation aimed at creating jobs and growing New York’s economy, State Senator Daniel Squadron asked Governor Cuomo to invest part of the New York Works Infrastructure Fund in key projects in the 25th Senate District: the rehabilitation of the Brooklyn Queens-Expressway (BQE), an incentive program for Lower Manhattan businesses to increase energy efficiency, and a new academic center at New York City College of Technology (City Tech).

December 8, 2011
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The Middle Class Tax Cut and Job Creation Plan

In stark contrast to the gridlock in Washington D.C., the Senate Republican Majority has worked together with Governor Andrew Cuomo to accomplish major changes and positive reforms this year.  The new Middle Class Tax Cut and Job Creation Plan will build on these successes by cutting taxes for hardworking middle class families, and helping to create new private sector jobs. 

File: 
MIDDLE-CLASS-TAX-CUT-AND-JOB-CREATION-PLAN_overivew[1].pdf

December 7, 2011
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair Wednesday, December 7, 2011

MEETING CALLED OFF THE FLOOR ALL BILLS DIRECT TO RULES

Printed No.

Sponsor

Title

50001

BUDGET

December 7, 5:00 PM - 11:59 PM
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Senate Issues Mid-Year Economic and Revenue Report

This week the Senate Majority released a mid-year economic and revenue forecast for New York State. A copy of the report can be found at the Senate website, www.nysenate.gov.

Working together this year, with Governor Cuomo, we were able to close a $10 billion budget deficit. We balenced the budget by finding efficiencies in government, identifying areas to make responsible cuts in spending, and most importantly, held the line on taxes," said Senator Gallivan. "Significant challenges remain and I look forward to returning to Albany to address next year's budget, continuing to focus on fiscal responsibility, economic development, and job creation for Western New York."

Highlights of the report including the following:

November 21, 2011
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Lawmakers Already Drawing Up Special Session Wish Lists

The Capitol wrote about the pressing issue of independent restricting being on Governnor Cuomo's agenda for the potential Legislature in Albany that will meet to discuss the state budget. Passing independent redistricting is at the top of the list of things we need to take care of.

If Gov. Andrew Cuomo calls the Legislature back to Albany this year to deal with a $350 million budget shortfall, lawmakers say he could also open the door to debating a host of simmering issues – including independent redistricting.

The next legislative session begins in less than two months, but Cuomo told radio host Susan Arbetter yesterday that the budget gap could force his hand: “If this trend continues, we may have to bring back the Legislature.”

[...]

November 15, 2011
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Senator Adams Co-hosts the Kick-off of the "Less Talk ... More Action" Tour

Senator Eric Adams co-hosted the kick-off event of the "Less Talk...More Action" tour, held at Medgar Evers College on October 27th.  Ryan Mack, President of Optimum Capital Management L.L.C. and author of "Living in the Village," launched the 8-city tour which will focus on improving financial literacy rates, reducing unemployment rates and reducing mass incarceration rates in African American communities.

 

November 15, 2011
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Foreclosure and Homeownersip Preservation

News From New York StateSenator Shirley L. HuntleyContact: Bryant G.

November 4, 2011
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Senator Skelos Announces Support for Iran Divestment Legislation

Senate Majority Leader Dean G. Skelos today announced he will sponsor legislation known as the Iran Divestment Act of 2012 - - recently introduced by Assembly Speaker Sheldon Silver - - and will move for Senate passage of the bill early next year.

November 3, 2011
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U.S. treasurer touts small biz Qns. loans

The Queens Chronicle wrote on the recent visit of Treasurer Rosie Rios as she praised an Astoria bank as an example of Obama's initiatives to help small businesses, as part of a larger plan to recover the nation's economy. Senator Gianaris spoke about how the SBL fund could have a major impact on the Queens community that is largely comprised of immigrants, but that the state itself is not strong enough to offer a program as such on its own.

The treasurer of the United States was on hand at an Astoria bank on Monday, touting it as a prime example of an Obama administration initiative to help small business.

November 1, 2011
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Maloney Presses For Roosevelt Island Science Campus

Senator Gianaris attended a press conference to promote the expansion of an applied science campus to Roosevelt Island with Congresswoman Maloney and David Brause. The Queens Gazette wrote on some of the reasons for the Senator's support, such as in addition to the promotion of higher education, the general further development of the Western Queens community.

October 27, 2011
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Wall Street’s Winter: Grim news for NYC’s budget

Last Updated: 10:20 AM, October 7, 2011Posted: 9:45 PM, October 6, 2011By: Nicole Gelinas

Tick-tock. Thanks to Washington’s support for big banks, New York City has been a cocoon of prosperity compared to the rest of the nation over the last three years.

But banks can’t stay on the dole forever -- and the city’s done nothing in the 37 months since Lehman Bros. collapsed to prepare for a leaner Wall Street.

Without endless financial-industry profits, New York can’t afford to make good on the promises it’s made to workers and pick up the trash and keep criminals off streets.

October 14, 2011
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N.Y. State ‘Sick But Getting Better’ Gianaris Tells UCCA

The Queens Gazette wrote on Senator Gianaris' thoughts at the UCCA meeting at Augustana Lutheran Church in Astoria Heights on October 6. The senator discussed the state of the state, in relation to its budget and deficit, along with other issues such hasydrofracking, power plant siting, hospital closings in Queens and auto insurance fraud.

October 13, 2011
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