Issues: Finance

New York State Senate Finance Information Review

Midyear Budget review of the New York financial situation by the New York Senate Finance Committee.

August 31, 2009
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Staff Analysis of the SFY 2009-10 Executive Budget Vols. I & II

This analysis of the Executive Budget begins with a summary of the spending plan. It then examines an explanation of receipts and provides for Senate issues in focus. Finally, it examines appropriations and disbursements for each agency and program included in the budget. The report provides a comparison of the appropriations recommended this year with those approved last year, and an analysis of the Governor’s recommendations.

August 31, 2009
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Staff Report on the SFY 2008-09 Adopted Budget

August 31, 2009
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Report of the Senate Finance Committee on the SFY 2008-09 Executive Budget

August 31, 2009
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Join The Fight - Repeal the Utility Tax

Join The Fight - Repeal the Utility Tax
Starting July 1st, individuals and businesses will have to pay a 2% State Assessment Fee on top of their monthly utility bills as part of the 2009-10 New York State Budget.

August 28, 2009
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Return To Albany

  In short order I will join my colleagues in state government and return to Albany for a special legislative session.  The agenda, most likely, will be limited to a few housekeeping matters and one extremely difficult bookkeeping task – how to close a $2.1 billion dollar budget gap.

 There are no simple answers to this complex financial problem and a brief special session is merely providing a band-aid to a gushing wound.  Sound, fundamental policy shifts are needed if we are going to stem the bleeding and make a long term recovery.

August 28, 2009
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SENATOR NOZZOLIO DEMANDS PATERSON COLLECT TAXES ON INDIAN CIGARETTES

State Senator Mike Nozzolio today admonished Governor Paterson and the State Department of Taxation and Finance for refusing to comply with the law enacted last year taxing cigarettes sold by Native Americans.

August 18, 2009
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Senator Reverend Ruben Diaz announces recipients of two million dollars in discretionary funds.

Senator Reverend Ruben Diaz announces recipients of two million dollars in discretionary funds.

August 18, 2009
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Senator Reverend Ruben Diaz to Announce Recipients of $2 Million Discretionary Funds

Senator Reverend Ruben Diaz (D-Bronx) will host a Breakfast on Monday, August 17, 2009 from 8:30 AM – 10:30 AM with representatives from organizations for whom he will allocate discretionary funds in 2009.  The event will take place at Maestro’s Caterers located at 1703 Bronxdale Avenue near Morris Park Avenue in The Bronx.

“This is a historic achievement for the 32nd Senatorial District!” exclaimed Senator Rev. Diaz after securing $2 million in funding for twenty-two organizations whose programs serve the many needs of his constituents in the South Bronx.

August 17, 8:30 AM - 10:30 AM
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Senator Reverend Ruben Diaz to Announce Recipients of $2 Million Discretionary Funds

Senator Reverend Ruben Diaz (D-Bronx) will host a Breakfast on Monday, August 17, 2009 from 8:30 AM – 10:30 AM with representatives from organizations for whom he will allocate discretionary funds in 2009.  The event will take place at Maestro’s Caterers located at 1703 Bronxdale Avenue near Morris Park Avenue in The Bronx.

“This is a historic achievement for the 32nd Senatorial District!” exclaimed Senator Rev. Diaz after securing $2 million in funding for twenty-two organizations whose programs serve the many needs of his constituents in the South Bronx.

August 14, 2009
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I hate to say “I told you so" -- an Op-Ed by Senator Steve Saland

The Poughkeepsie Journal editorialized on the state’s shortfall on August 5th noting “they should have seen this coming”.  Well, I did, as did my Republican colleagues. Each of us who cast a no vote and spoke out on this egregious assault on our wallets saw this coming. 

August 12, 2009
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Concern Over Governor's Welfare Giveaway Plans

I am very unhappy to report that Governor Paterson has secret plans to spend $140 million of federal stimulus money to give $200 per child “back to school” grants to welfare and food stamp recipients. The new welfare give-away reportedly was detailed in a secret memo from the Office of Temporary Disability Assistance.

August 11, 2009
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Governor Paterson Signs Galef/Squadron Legislation Saving Taxpayer Money Through Alternative Notification Process

Governor Paterson signed legislation (A.7966/S.3689) sponsored by Assemblywoman Sandy Galef and Senator Daniel Squadron on July 28, 2009 (Chapter 275) that changes the notification process of real property tax lien foreclosure proceedings.  This legislation will allow county, city and village tax districts to provide the New York State Commissioner of Taxation and Finance (Commissioner) notice of the commencement of real property tax lien foreclosure proceedings by alternative means approved by the Commissioner.  The alternative means would include those other than the currently r

August 10, 2009
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Course Correction Needed For State Finances

            The New York State Division of the Budget recently released its first quarter update to the state financial plan.  The update includes revised information on state revenues, spending and other financial indicators.  Unfortunately, the report did not include a rainbow and a pot of gold.

August 7, 2009
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Senator Savino: Does the State Owe You Money?

 Senator Savino: Does the State Owe You Money?

August 4, 2009
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Select Committee receives staff report on New York State's business and banking taxes

The Select Committee on Budget and Tax Reform has received a staff report detailing the key findings and conclusions from its public hearings on New York State’s businesses tax in Rochester on April 30 and New York City on May 21.

File: 
Staff Report

July 9, 2009
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July 3, 3:00 PM - 3:05 PM
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Senate Facilitates Small “Food” Business Growth

Passes grants program for small-scale food processing facilities putting people to work, utilizing NYS products in recipes. (Albany, NY)-The New York State Senate has passed S3594,  legislation that promotes the development of small businesses, particularly those in distressed communities,  by enabling small-scale food processors to apply for funding from the Empire State Economic Development Fund. 

June 4, 2009
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Senate Elections Committee Holds Albany Hearing On Campaign Finance Reform

(Albany, NY)- Wednesday, the Senate Elections Committee, Chaired by Senator Joseph P. Addabbo Jr. (D-Howard Beach), held a public hearing in Albany to solicit public comment on proposed campaign finance reforms to reinvigorate participatory democracy. Along with last week’s hearing in Rochester this concludes the third set in a series of five hearings that will continue in September and November. 

June 3, 2009
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Senate Passes Property Tax Breaks For Cold War Veterans

Measure puts Cold War vets on par with others & also extends to co-ops (Albany, NY) The New York State Senate today recognized the service and sacrifice of Cold War veterans by voting to allow for local municipalities to increase the level of property tax breaks available to these veterans. Under the current law, Cold War vets are not offered the same breaks as other “combat” veterans. 

June 1, 2009
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