Issues: Finance

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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Skelos, Klein, Silver Announce Joint Legislative Budget Schedule

Senate Majority Coalition Co-Leaders Dean G. Skelos and Jeff Klein and Assembly Speaker Sheldon Silver today announced an agreement on a joint legislative budget schedule that sets deadlines that lead to the earliest adoption of a state budget in two decades.

January 31, 2013
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Seward Receives Committee Assignments

ALBANY, 01/29/13 – State Senator James L. Seward (R/C/I–Oneonta) is set to fight for vital insurance, health, education and budget needs in the new senate session after receiving committee assignments.

SENATOR SEWARD 2013 – 2014 COMMITTEE ASSIGNMENTS

Insurance – chair

Agriculture, Education, Finance, Health, Higher Education, Mental Health, Rules

January 29, 2013
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Senate Finance and Counsel Budget Analysis (Whitebook)

New York State Senate Majority Coalition

Finance / Counsel Staff Analysis of the 2013-14 Executive Budget

(Whitebook)

 

File: 
Senate Finance and Counsel Budget Analysis (Whitebook)

January 28, 2013
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January 28, 2013
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SENATOR DAVID VALESKY NAMED CHAIRMAN OF SENATE COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS COMMITTEE

ALBANY, N.Y.—State Senator David J. Valesky, Deputy Leader of the Independent Democratic Conference, was named Chairman of the Senate Commerce, Economic Development and Small Business Committee. 

January 25, 2013
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GOVERNOR’S BUDGET INCLUDES WELCOME NEWS FOR FARMERS

Ritchie Applauds Governor’s Support for Upstate Agriculture

State Senator Patty Ritchie is applauding Governor Cuomo’s continued commitment to New York State’s agriculture industry and Upstate farming as evidenced in the Executive Budget proposal outlined on Tuesday.

“Here in New York State our hardworking farmers are the backbone of our workforce and agriculture is the cornerstone of our economy,” said Senator Ritchie.

“I am pleased that Governor Cuomo is recognizing the important—and critical—role  agriculture plays. His funding of agriculture in the Executive Budget proposal sends a message that this industry is a key part of our efforts to revitalize New York State’s economy.”

January 23, 2013
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Governor Cuomo Outlines 2013-2014 Executive Budget to Maintain Fiscal Responsibility and Continue to Invest in Economic Growth

Governor Andrew M. Cuomo unveiled the proposed 2013-14Executive Budget and Management Plan that builds on two years of balanced, fiscally responsible budgeting and invests in economic development, education reform, rebuilding after Superstorm Sandy, provides support to local governments and school districts, and includes no new taxes or fees.

Highlights of the Executive Budget:

· Eliminates $1.3 billion budget gap with no new taxes or fees. The expected gap for 2013-14 was projected to be $17.4 billion prior to the last two responsible budgets.

· Holds spending increases below 2 percent for third consecutive year.

January 23, 2013
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