Issues: Finance

The New York State Senate today gave final legislative passage to the Iran Divestment Act, sponsored by Senate Majority Leader Dean Skelos.  The bill would prohibit companies that provide goods, services or credit worth $20 million or more to Iran's energy industry from entering into or renewing state and local government contracts. 

Following Bill's Passage, Squadron Asks Governor to Invest New York Works Infrastructure Fund in Brooklyn, Lower Manhattan

Squadron Applauds Passage of Programs He’s Long Championed: Summer Youth Employment, Career Pathways

ALBANY – Following the state legislature’s passage of legislation aimed at creating jobs and growing New York’s economy, State Senator Daniel Squadron asked Governor Cuomo to invest part of the New York Works Infrastructure Fund in key projects in the 25th Senate District: the rehabilitation of the Brooklyn Queens-Expressway (BQE), an incentive program for Lower Manhattan businesses to increase energy efficiency, and a new academic center at New York City College of Technology (City Tech).

This week the Senate Majority released a mid-year economic and revenue forecast for New York State. A copy of the report can be found at the Senate website, www.nysenate.gov.

Working together this year, with Governor Cuomo, we were able to close a $10 billion budget deficit. We balenced the budget by finding efficiencies in government, identifying areas to make responsible cuts in spending, and most importantly, held the line on taxes," said Senator Gallivan. "Significant challenges remain and I look forward to returning to Albany to address next year's budget, continuing to focus on fiscal responsibility, economic development, and job creation for Western New York."

Highlights of the report including the following: