Issues: Finance

March 17, 2:30 PM - 2:39 PM
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March 17, 2:30 PM - 2:49 PM
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance  Senator John A. DeFrancisco, Chair  Tuesday, March 4, 2014  Room 332 CAP

*This meeting will be CALLED OFF THE FLOOR and be held in Room 332 of the CAP*

March 4, 4:26 PM - 4:29 PM
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Economic and Revenue Review - SFY 2014-15

In conjunction with IHS Global Insight, the Senate Finance Committee reviewed and analyzed the economic and revenue projections contained within the Executive Budget for FY 2015. Based upon IHS Global Insight’s February economic forecast, the Senate Finance Committee projects $265 million in General Fund revenues (inclusive of miscellaneous receipts) above the Executive Budget forecast for FY 2015. This amount is enhanced by the estimate for the remainder of FY 2014, which is $88 million above than the Executive estimate. Therefore, the two year General Fund receipts forecast is $353 million above the Executive forecast.

Please read the full report attached below:

File: 
Economic and Revenue Review - SFY 2014-15

February 26, 2014
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Yonkers 2014-15 Budget Town Hall Forum

Senator Stewart-Cousins with Assemblymember Shelley Mayer hosted a Town Hall Forum on Wednesday, February 19th in Yonkers to provide constituents the opportunity to ask their questions and discuss their concerns relating to the 2014-15 Executive Budget.

February 20, 2014
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The Blue Book: Senate Minority Staff Analysis of the 2014-2015 Executive Budget Proposal

The "Blue Book" is a comprehensive overview and analysis of the 2014-2015 Executive Budget Proposal, prepared by the Finance Committee's minority staff.

File: 
Senate Finance Minority Blue Book - 2014

February 11, 2014
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Senator Parker Urges Gov. Cuomo to Call Special Election for 11 Vacant Seats

In a letter to Governor Andrew Cuomo, Senator Parker requested the Governor to hold special elections to provide elected representatives for the 11 principally African-American and Latino districts that are without current legislative representation. 

Please click the pdf link below to read the letter in its entirety. 

File: 
01282014 Letter to Gov Cuomo re calling special elections because of 1 million_ disenfranchised (1).pdf

January 29, 2014
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Senator Stavisky Welcomes New York City Council Members in Albany

 

Albany, NY— Senator Toby Ann Stavisky (D-Flushing) welcomed a delegation of New York City Council Members to her office in Albany to discuss collaboration between the city and the state on issues such as taxation, universal pre-K and the minimum wage.

January 29, 2014
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Staff Analysis of the FY 2015 Executive Budget - White Book

The Staff Analysis of the FY 2015 Executive Budget begins with a summary of the spending plan.  It then examines an explanation of proposed changes that affect receipts and provides for Senate Issues In Focus.  Finally, it provides a summary of the Executive's Article VII language bills submitted as part of the Executive Budget.  The report provides an analysis of the appropriations recommended this year and an analysis of the Governor's recommendations.

File: 
Staff Analysis of the FY 2015 Executive Budget - White Book

January 27, 2014
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Senators Valesky, DeFrancisco Provide $250,000 for Effort to Improve Government Services and Efficiency

SYRACUSE, NY – The Commission on Local Government Modernization, has launched a comprehensive study of government structure in Onondaga County in an effort to provide better services more efficiently to the community.

January 24, 2014
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MS 577 Students Visit Albany

Senator Dilan joined nearly 50, 8th graders from Middle School 577 were in Albany to join other students, parents and teachers to call for a $1.9 billion increase in school aid as part of the upcoming Executive Budget. The Alliance for Quality Education (AQENY), Senator Dilan and more than 80 legislators mirrored the request in a letter to the Governor, citing sweeping education cuts over the last five years and the growing inequity between rich and poor school district throughout the state.

January 22, 2014
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STATEMENT ON 2014-2015 EXECUTIVE BUDGET

The 2014-2015 State Budget address delivered today by Governor Cuomo puts New York State in a great position to build upon the work we have done in recent years to control spending, cut taxes and invest in initiatives that create new jobs and revitalize our economy. 

Working together, we have put a stop to the decades of late and unbalanced budgets by passing three consecutive early budgets.  I am hopeful that this year we can continue that trend. 

It was two years ago when Senate Republicans led the fight to pass a property tax cap that helped to rein in burdensome property taxes and reduced middle-class tax rates to their lowest levels in 60 years.  This year, I’m eager to provide continued tax relief to hardworking New Yorkers by making the property tax cap and middle-class tax cuts permanent. 

In addition, it’s also key that we work to continue to cut red tape and foster an environment that enables businesses to expand and create jobs. In order to do so, we should work to eliminate corporate taxes for manufacturers and do away with the onerous energy tax surcharge to promote business growth. 

January 21, 2014
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Senator Montgomery Announces Legislative Public Hearings on the Governor's Budget

 Please click the link below for the schedule of Legislative Public Hearings on the 2014-15 Executive Budget Proposa.

http://www.nysenate.gov/report/joint-legislative-budget-hearing-schedule

January 14, 2014
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