Velmanette Montgomery's posts related to Finance

Analysis of the Governor’s Proposed Deficit Reduction Plan and its Impact on New Yorkers

Please click on the PDF link below to view the Governor’s Proposed Deficit Reduction Plan......

File: 
The Governor’s Proposed Deficit Reduction Plan

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Senator Montgomery Votes Down Senate Republican's Budget Resolution, Faults Proposal for Dismissing Juvenile Justice Reform

Dear Constituents and Juvenile Justice Advocates:

The Republican-controlled Senate and the Assembly have each submitted their budget bills, which accept and reject portions of the Governor’s recommended State spending plan for FY 2011-12.

While I was pleased by many of the funding restorations contained in the Senate’s budget resolution, I voted against the proposal because it hurts our children -- our young people who are on the road to ruin because we, as a State, are not acting responsibly to reform New York’s juvenile justice system.

SENATOR MONTGOMERY HONORS LIFETIME ACHIEVEMENT AWARD RECIPIENT DOROTHY BURNHAM, A BROOKLYN “RENAISSANCE WOMAN”

The lifetime achievements of Brooklyn native Dorothy Burnham were recognized and lauded by NYS Senator Velmanette Montgomery (D-Brooklyn) during the reading of a Senate resolution, which was unanimously passed by the full Senate during the final days of the 2011 Legislative Session. The resolution paid tribute to Dorothy Burnham’s many notable contributions to our public education system, the advancement of civil rights, and to the promotion of racial and economic equality. Ms. Burnham was also honored for her designation as recipient of the Lifetime Achievement Award by the New York Friends of the People's World. “Dorothy Burnham is a Renaissance Woman,” said Senator Montgomery.

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Senator Montgomery Announces NYSABPRL's 41st Annual Legislative Conference Workshop & Event Schedule

The 41st Annual Legislative Conference of the NYS Association of Black and Puerto Rican Legislators will convene on Friday, February 17th and conclude on Sunday, February 19th, 2012. The theme of this year’s conference is “Open Doors to Employment, Opens Doors to Empowerment."

The Conference schedule of educational workshops and weekend-long events is included here in a pdf format that can be downloaded.  More information on the Legislative Conference may be obtained by visiting www.nysabprl.org.

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Senator Montgomery Speaks Out Against Privatizing Public Education

During a budget debate on the Senate floor, Senator Montgomery protests the Senate Republican's one-house budget proposal that would allow for-profit businesses and corporations to establish charter schools. The Senator said that "New York's public education system is not for sale."

Governor Cuomo and Legislative Leaders Announce Agreement on 2012-13 State Budget

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.

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Governor Cuomo Outlines 2013-2014 Executive Budget to Maintain Fiscal Responsibility and Continue to Invest in Economic Growth

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.

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Department of Financial Services to Speek Resolution of Insurance Claims in Areas Affected by SANDY

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.

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Senator Montgomery Announces Legislative Public Hearings on the Governor's Budget

 Please click the link below for the schedule of Legislative Public Hearings on the 2014-15 Executive Budget Proposa.

http://www.nysenate.gov/report/joint-legislative-budget-hearing-schedule

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