Cuomo Seeks to Raid Petroleum Tax Fund for General Use
Cuomo proposes diverting 200 million dollars from the petroleum tax to general spending next year, delaying the transportation fund until 1995 96. Critics call it a raid and a breach of a prior deal, arguing it signals instability for business and taxpayers while Cuomo defends using funds to avoid higher taxes or cuts. The dispute centers on keeping mass transit fares steady and funding roads and bridges without new taxes.
MENTIONED IN THIS ARTICLE
Cuomo
Albany
Keating
Money Taken From State Funds Via 1986 87 Budget Shifts
State Comptroller Edward Regan and allied groups report that the 1986-87 budget year saw vast transfers from multiple funds. Infra structure, hazard ous waste removal, hospital reimbursement, court facilities, medical malpractice and other funds yielded hundreds of millions in general fund uses. Bonds from the Thruway Authority and other sources also added to the total.
MENTIONED IN THIS ARTICLE
Thomas Carroll
Change-Ny
Claudia Hutton
Cuomo
Edward Regan
Assembly Republican
The
Empire Foundation
Court Facilities Fund
Medical Malpractice Insurance Association Fund
Medical Garé Facilities Finance Agency
New York Power Authority
Dormitory Authority
Housing Finance Agency
Office of General Services’ Centralized Services Fund
Thruway Authority
Budget chairman departure sparks Democratic Budget fight
Speculation that Leon Panetta may leave to join the Clinton administration triggers a contest to replace him as House Budget Committee chairman. Liberal Marty Sabo, conservative Charles Stenholm, and moderate John Spratt announce or hint at bids, reflecting wide ideological splits on deficits spending and taxes.
MENTIONED IN THIS ARTICLE
Washington
Leon Panetta
Clinton
House Budget Committee
House Democrats
Martin 0. Sabo
Minnesota
Charles W Stenholm
Texas
John M. Spratt Jr
South Carolina
Panetta
Marty
John
Stenholm
House
Congress
D-Calif
White House
Office of Management and Budget
Alice Rivlin
Congressional Budget Office
Sabo
Spratt
Ellen Nissenbaum
Center On
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Ray Keating
State Capitol
Brooklyn
Empire Foundation For Policy Research
Change- NY
Foundation
Regan
Robert Hinckley
Bragman
Senate
Transportation Committee
Norman Levy
Long Island
Jesse James
Key
Merchants
Chase
OnBank
Fleet
An Intelligent Choice
Onondaga Community College
Public Service Commission
Publc Service Commission
Total New Ve Totophore Company
Communications Division
Department of Public Service
Empire State Plaza
Intralata
Central Office
Nynex Corporation
TELEF
Long Island Power Authority
OMB
Associated Press
Ulimate
I Elsewhere
Filene’s
S.M.L
Syracuse
Carousel Center
Filene
American Express
Visa
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