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.”
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.
Last month, employers across New York State began receiving notices from the New York State Department of Labor asking them to pay an extra twenty-one dollars per employee to cover the interest cost on what had been traditionally interest-free loans issued to the states by the federal government to pay for the Unemployment Insurance extensions called for in the American Recovery and Reinvestment Act.
New York State Senator Patrick M. Gallivan applauded United States Senator Charles Schumer today following his announcement in Tonawanda that he has introduced federal legislation waiving the Unemployment Insurance Assessment Surcharge.