Issues: Finance

Your Voice with Senator Griffo

Senator Griffo discusses the Senate's budget resolution, and his priorities for tax relief, mandate relief, education, agriculture, health care and infrastructure. Hosted by Julia Lilkendey.

March 25, 2014
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Legislative Leaders Announce Agreement on Budget Conference Committee Table Targets

Legislative leaders today announced they have reached a consensus on table targets for the individual budget conference committees.

These funds will be used as the basis for budget negotiations among the committees and represents real progress towards the enactment of a fourth consecutive on-time budget.

March 20, 2014
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March 20, 11:30 AM - 11:42 PM
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The New York Times: "Playing a Game of Legislative Fantasy"

Sen. Krueger was quoted in Michael Powell's New York Times column, which assesses the Senate's "one-house" budget.

Powell writes:

None of this fun is remotely real. The governor and the Legislature are weeks away from a final budget. Most senators had not even seen the underlying budget documents when they voted at 3 a.m. (It’s a reliable rule of thumb that early-morning votes bear a close relationship to hallucinogenic results.) State Senator Liz Krueger, a Democrat, played spoilsport.

“At best, this is a shopping list with no budgetary legitimacy,” she wrote in her official statement. “More realistically, it is a classic Albany scam designed to make everyone think they should be happy, without answering any of the important questions, like ‘How will we pay for this?’ ” I called her the next day.

“There was Monopoly money available for anything and everything you could imagine,” she noted with the bemused tone of a liberal Democrat who keeps finding herself dressed in conservative sack cloth in Albany. “No one even pretends the numbers add up.”

March 18, 2014
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Committee Meeting: New York State General Joint Budget Conference Committee Meeting Schedule

Senate members serving on the committee are: Republican Conference Leader Dean Skelos, Co-Chair; Finance Committee Chair John A. DeFrancisco; Deputy Republican Leader Thomas W. Libous; Independent Democratic Conference Leader Jeffrey D. Klein, Co-Chair; Deputy Independent Democratic Conference Leader for Legislative Operation David J. Valesky; Democratic Conference Leader Andrea Stewart-Cousins; and Ranking Democratic Member of Senate Finance CommitteeLiz Krueger.

Assembly members serving on the committee are: Sheldon Silver, Co-Chair; Ways and Means Chair Herman D. Farrell, Jr.; Majority Leader Joseph Morelle; Deputy Speaker Earlene Hooper; and Minority Leader Brian M. Kolb. 

 

March 17, 12:30 PM - 1:00 PM
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Leader Stewart-Cousins Remarks on Budget Resolution

Democratic Conference Leader Andrea Stewart-Cousins speaking on the Budget Resolution late Thursday/early Friday morning upon being submitted and passed by the Majority Coalition.

March 14, 2014
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Senate Budget Resolution Meets Real Needs

ALBANY, 03/14/14 – State Senator James L. Seward (R/C/I-Oneonta) today commented on passage of the senate’s budget resolution for fiscal year 2014-15:

“The senate budget plan fulfills many of the priorities expressed to me by families, employers, and community groups that make up my senate district.  Approval of the plan also means we are on track to pass an on-time state budget for a fourth straight year. 

“Among the highlights - property tax relief to combat the greatest expense families and business in New York face; education aid that will support our neediest schools; and job creation incentives which will help boost economic development.

March 14, 2014
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Senate to Act on Bipartisan Budget Resolution That Cuts Taxes, Creates Jobs and Invests in Key Education Initiatives

New York State Senate Co-Leader Dean G. Skelos today announced the Senate will act on a bipartisan budget resolution that balances the budget without raising taxes or fees, increases school aid funding and provides significant business and property tax relief that will create new jobs, grow the economy and help middle-class families stay and thrive in New York.

March 13, 2014
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Sen. Krueger's Statement on the Majority Coalition One-House Budget Resolution

Sen. Krueger issued the following statement Thursday evening, shortly after 8pm:

I just received a 'draft' one-house budget resolution around 5:30 pm. There are no budget bills spelling out details, and there are no actual total amounts for new spending, additions, or subtractions.

March 13, 2014
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Peralta On Senate Budget Resolution

Statement From State Senator Jose Peralta

“Where there is a will there is a way.

"And clearly there is the political will for campaign financing, but not for helping young immigrants get a college degree.

“Senate Republicans argued against using tax dollars for campaign financing, just as they had previously argued against spending tax revenue on the DREAM Act.

"But whereas the Senate’s house budget features campaign financing, it excludes the DREAM Act, kicking to the curb, yet again, the hopes and aspirations of young people whose zeal to live, work, pay taxes and prosper in this great country is being held against them.

"I am happy about the inclusion of campaign financing, which I wholeheartedly support.  I am deeply disappointed and frustrated by the exclusion of the DREAM Act.

"I call on the governor and my Republican Senate colleagues to seize the opportunity we have here in New York to build on the growing national consensus around the need for immigration reform and the obvious economic benefits of doing right by our young people.”

March 13, 2014
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Committee Meeting: Finance Meeting

Senate Standing Committee on Finance Senator John A. DeFrancisco, Chair Thursday, March 13, 2014 Room 332 CAP

*This meeting will be called off the floor*

March 13, 11:15 PM - 11:17 PM
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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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