Issues: Finance

Committee Meeting: Joint Budget General Conference Committee

New York State Legislative Leaders to Hold Meeting of the General Budget Conference Committee

March 14, 1:00 PM - 1:05 PM
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GALLIVAN APPLAUDS SENATE’S 2013-14 BUDGET RESOLUTION

BUDGET PLAN WOULD CHANGE THE STATE’S FILM PRODUCTION TAX CREDIT TO LEVEL PLAYING FIELD FOR WNY

The New York State Senate today approved a 2013-14 budget resolution, proposed by the Senate Majority Coalition, that focuses on helping businesses create new jobs, investing additional funds in education and transportation, providing mandate relief to local governments, and restoring proposed cuts to women’s health programs as well programs for the developmentally disabled.  The budget also includes proposals to implement a two-percent state spending cap and reform the State’s film production tax credit program to level the playing field for Upstate.

March 12, 2013
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March 13, 11:30 AM - 12:04 PM
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Committee Meeting: General Budget Conference Committee

New York State Legislative Leaders to Hold Meeting of the General Budget Conference Committee

March 11, 7:56 PM - 8:14 PM
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Senate Passes 2013-14 Budget Resolution

The New York State Senate today approved a 2013-14 budget resolution, proposed by the Senate Majority Coalition, that focuses on helping businesses create new jobs, investing additional funds in education and transportation, providing mandate relief to local governments, and restoring proposed cuts to women’s health programs as well programs for the developmentally disabled.  The budget also includes a proposal for a permanent two-percent state spending cap.

March 11, 2013
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Senate Republicans Will Act to Restore Millions of Dollars Cut From Women's Health Programs in Governor's Budget

Senate Republicans today announced they would restore millions of dollars for important women’s health programs - - including initiatives to help women overcome the trauma of rape, eating disorders and breast cancer- - that were targeted for reduction as part of the Governor’s Executive Budget. Approximately $8 million in cuts in these areas were rejected as part of the Senate’s one-house budget plan, which was expected to be acted on later today. Under the Executive Budget proposal, the Governor recommended shifting funding for 16 women’s health and wellness programs into six discretionary “pools,” and then subjected those “pools” to a 10 percent, across-the-board cut.

March 11, 2013
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SENATE REPUBLICAN BLUEPRINT FOR JOBS: ReThink. ReVitalize. ReBuild.

A Fiscally Responsible Approach to Job Creation

Senate Republican Conference Leader Dean Skelos and members of the Senate Republican conference today announced a bold and sweeping job creation plan to improve New York’s business climate so it not only keeps up with other states, but surpasses them. Among other things, the “Senate Republican Blueprint for Jobs: ReThink. ReVitalize. ReBuild.” would cut taxes for one million small businesses and reduce energy costs for every business and residential ratepayer in New York, saving them $2.5 billion.

March 8, 2013
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Felder Pushes Family Tax Cuts Act

Plan Would Increase Family Tax Credits and Restore STAR Property Tax Rebate Checks 

March 7, 2013
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair Monday, Mar. 4, 2013 Off The Floor

March 4, 3:00 PM - 3:02 PM
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GALLIVAN, SENATE REPUBLICANS UNVEIL FAMILY TAX RELIEF ACT

Plan Would Increase Tax Credits to Help Struggling Middle Class Families, Restore STAR Property Tax Rebate Checks for Millions of New Yorkers

Senate Republican Leader Dean Skelos and members of the Senate Republican Conference today unveiled the Family Tax Relief Act, a package of tax relief and reform measures designed to provide a major economic boost to New York’s struggling middle class families.

The Senate Republican plan would increase tax breaks that have not kept pace with inflation, and, in some instances, haven’t been adjusted for more than 25 years. The plan also restores the STAR property tax rebate check program to provide real and direct relief to millions of New Yorkers who pay some of the highest property taxes in the country.

March 4, 2013
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Senate Republicans Unveil Family Tax Relief Act

Senate Republican Leader Dean Skelos and members of the Senate Republican Conference today unveiled the Family Tax Relief Act, a package of tax relief and reform measures designed to provide a major economic boost to New York’s struggling middle class families.   The Senate Republican plan would increase tax breaks that have not kept pace with inflation, and, in some instances, haven’t been adjusted for more than 25 years.  The plan also restores the STAR property tax rebate check program to provide real and direct relief to millions of New Yorkers who pay some of the highest property taxes in the country.

March 4, 2013
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Senate Forecasts $242 Million in Additional State Revenues

Senate Republican Leader Dean G. Skelos and Senate Independent Conference Leader Jeff Klein today released a revenue forecast by the Senate Finance Committee that estimates additional General Fund revenues, above the Executive’s projection, of $126 million in 2013-14, and  $116 million more than the Executive’s estimate for state fiscal year 2012-13.  The revenue projection, based on an economic forecast by the Senate’s nationally recognized fiscal consultants, IHS Global Insight, shows that the total two-year General Fund revenue surplus is $242 million. 

February 28, 2013
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2013 Economic and Revenue Review Book

NEW YORK STATE ECONOMIC AND REVENUE REVIEW SFY 2013-14

In conjunction with IHS Global Insight, the Senate Finance Committee reviewed and analyzed the economic and revenue projections contained within the Executive Budget for SFY 2013-14.

File: 
2013 Economic and Revenue Review Book

February 28, 2013
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February 28, 1:30 PM - 3:30 PM
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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
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SENATE REPUBLICANS CALL FOR IMMEDIATE AUDIT OF STATE’S MEDICAID PROGRAM, ANNOUNCE SENATE ROUNDTABLE TO INVESTIGATE ALLEGATIONS OF “COMPLACENT” OMIG

Call to Action Comes in the Wake of Congressional Report on Alleged Waste, Fraud and Mismanagement Within NY Medicaid Program, Inaction of OMIG, Resulting in Potential Loss of Billions in Federal Dollars

Senate Republican Leader Dean Skelos and the Senate Republican Conference today called for an immediate independent audit of New York State’s Medicaid program and announced a forthcoming joint roundtable meeting of the Senate Health and Investigations Committees to investigate allegations of complacency and inaction by the state Office of the Medicaid Inspector General (OMIG).

February 25, 2013
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Statement by Senate Republican Leader Dean Skelos

I am disappointed that Governor Cuomo did not remove the 18-a energy tax when he submitted his 21-day amendments to the Executive Budget, as recommended on numerous occasions by Senate Republicans.  The business community has said that this onerous tax costs New York's businesses and families $509 million annually and will hurt our efforts to create jobs and revitalize the state's economy.                        

February 13, 2013
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GALLIVAN URGES GOVERNOR TO NIX UTILITY TAX SURCHARGE EXTENSION FROM BUDGET

Senator Patrick M. Gallivan (R,C,I – Elma) joined with fellow members of the Senate Republican Conference and leaders of statewide business organizations to urge Governor Cuomo to remove the proposed extension of the utility tax surcharge from his Executive Budget. The 18-a surcharge, which has increased utility bills for every ratepayer in the state,  is scheduled to expire on March 31, 2014.  

“Extending this surcharge will cost ratepayers almost $3 billion. Small businesses, working families and seniors, all struggling to keep up with high energy costs, cannot afford this burdensome utility tax any longer,” said Senator Gallivan. “Allowing the 18-a assessment surcharge to expire will also help to create jobs and make New York more economically competitive.”

February 5, 2013
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Seward Starts Fine Tuning State Budget

 

ALBANY, 02/04/13 -- State Senator James L. Seward (R/C/I – Oneonta) has been named to three key senate budget sub-committees which will review the governor’s budget proposal and offer recommendations for modifications.  Senator Seward will serve on the education, health and higher education & arts sub-committees.

“State expenditures on education and health are leading concerns and effect a number of economic sectors,” said Senator Seward.  “Spending decisions made at the Capitol in these areas greatly influence the budgets of local schools, households, and governments.  Small business owners also closely monitor these issues because they impact their ability to operate and expand.

February 4, 2013
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