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.
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.
Budget Comes Early, Controls Spending and Holds The Line On Taxes
Senator Patrick M. Gallivan hailed the 2012 state budget today as lawmakers approved the spending plan ahead of the April 1st deadline, marking the second consecutive year New York State will enact an on-time budget.
“Passing a second on-time budget in as many years is indicative of the larger progress we’ve seen lately in Albany. Just as late budgets were once a symbol of dysfunction, on-time budgets are symbolic of continued progress,” the Senator said. “Even more important than passing an on-time budget, is that we passed a fiscally responsible budget that respects New York’s taxpayers and keeps the State moving forward.”
Governor Cuomo released the following announcement on March 27, 2012:
The Budget continues the Governor’s commitment to fiscal responsibility while creating jobs and strengthening communities across the state. It closes a multi-billion dollar deficit with no new taxes, fees or gimmicks, limits spending growth to two percent or below for the second year in a row, and launches the New York Works Task Force to invest billions of dollars to rebuild the state's roads, bridges, parks, and other infrastructure and create tens of thousands of jobs.
Gallivan: “Senate Plan Cuts Taxes, Reforms Medicaid, Protects Seniors and Schools.”
The New York State Senate voted to approve its 2012-13 Senate Budget resolution, continuing its focus on state spending, job creation, and structural reform to government.
The Senate budget, at just under $132.5 billion, keeps the total state spending increase below two percent, and spends less than the Executive Budget. The budget closes a $2 billion budget deficit and builds on last year’s successes in putting the state’s fiscal house in order.
(D-Jamaica) Senator Shirley L. Huntley and several elected officials representing parts of Southeast Queens will rally with residents to stop the proposed closures of many Senior Centers in the community. The rally will demonstrate the communities resolve to fight against severe budget cuts that will negatively impact seniors. The Senior Centers that would face closure include Rochdale Village Senior Center, Brooks Senior Center, Howard Beach Senior Center, Forest Hills Community House Senior Center, and JSPOA Rockaway Boulevard Senior Center.
JOINT BUDGET HEARING ON HUMAN SERVICESDate: Wednesday, February 10Time: 12:00 p.m.Location: Hearing Room B Legislative Office Building, Second Floor Albany, NYThis hearing will air live on the Senate's Website at http://www.livestream.com/nysenate_joint_budget The Assembly Ways and Means Committee will join the Senate Finance Committee to conduct a hearing to examine the impact of the 2010-11 Executive Budget proposal on human services in New York State.