The City’s Economy and Its Residents are Generating an Increasingly Large Share of the State Government’s Resources
New York City and its economy have been growing at an extraordinary pace in recent years. It is quite clearContinue Reading
Category: State Budget
STATE BUDGET DOES HELP MASS TRANSIT, BUT MTA CAPITAL PLAN UNCERTAINTY RISING
The MTA received two significant infusions of new money in the State Budget adopted effective this April 1st. The firstContinue Reading
STATE BUDGET MASS TRANSIT UPDATE: NEGOTIATIONS BEGIN AS DEADLINE DRAWS NEAR; S & P CUT MTA BOND RATING
With the New York State budget deadline of April 1 fast approaching, the Assembly, Senate, and the Governor are nowContinue Reading
EDUCATION AID AND TAX CUTS
The New York State budget approved this April provided the lowest funding increase for public schools in the last fiveContinue Reading
Housing and Hardball Politics
The adopted State budget includes a $2.5 billion appropriation for new affordable housing, with $1 billion for supportive housing. TheContinue Reading
The top priority in the State budget this year is the renewal of the multimillionaires’ tax.
Failure to renew the tax, which expires Dec.31 of this year, will result in a $3.3 billion revenue loss toContinue Reading