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.
Governor Andrew M. Cuomo has proposed new legislation to protect New Yorkers from gas shortages during natural disasters. This legislation would create the strongest back-up power law in the nation for critical gas stations, preventing long lines and station closures in the event of power outages.
The proposal builds on the initial recommendations from the NYS Ready Commission that Governor Cuomo empaneled late last year, and it was developed with input from local government officials and private-sector service station owners. It will be submitted to the Legislature in the 30-day budget amendments.
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 today signed legislation that will make it illegal to possess, sell, or distribute a shark fin in New York State.
“Every year, an estimated 73 million sharks are killed to supply the growing global demand for their fins,” Governor Cuomo said. “Not only is the process inhumane, but it also affects the natural balance of the oceanic ecosystem. With this new law, New York will be doing its part to help preserve this important species and maintain a stable environment for them.”
Governor Andrew M. Cuomo today announced the approval of $451.6 million in grants and low-cost loans to improve drinking water and wastewater infrastructure from New York City to Western New York. These projects will protect public health and the environment with cleaner water supplies while also create economic development opportunities.
The $451.6 million -- $7.9 million in grants and $443.7 million in low-cost financing -- was approved today by the Board of Directors of the New York State Environmental Facilities Corporation (EFC). EFC is the arm of state government that provides low-cost financing to help local governments fund new drinking water and wastewater infrastructure in a more cost effective manner.