Carey unveils 16.2 billion budget centerpiece spending cap
Gov. Hugh L. Carey proposes a 16.2 billion budget with mandated property tax cuts via a state takeover of Medicaid and caps on state and local spending. The plan includes only 83 million in new school aid, a phased Medicaid cost shift, and tax relief for individuals and small businesses. The proposal aims to free localities from Medicaid costs by 1985 and reduce local tax burdens through state funding shifts and efficiency measures. Localities would see savings as state takes on more Medicaid costs, with city NYC earmarked for flexible use. The plan also calls for a bond act to expand prison capacity and new state communications systems for police.
MENTIONED IN THIS ARTICLE
Kenn Peters
Albany
Hugh L. Carey
Carey
New York Post
New York City
Transit and
Central New York Regional Transportation Authority
Tax cuts offered assure to business
Gov. Hugh Carey proposes a $300 million business tax cut program in the 1981 82 budget aimed at economic development for New York. The plan seeks to lure 600000 new jobs by 1985 with enhanced incentives for small firms, capital gains relief, higher investment credits, and measures to reduce double taxation and franchise taxes while expanding targeted job credits and deregulation.
MENTIONED IN THIS ARTICLE
Albany
UPI
New York
Hugh Carey
Commerce Department
Carey
JDA
Urban Development Corp
Carey budget raises welfare benefits for 1.3 million in New York
Gov. Hugh Carey proposes a 10 percent increase in basic welfare benefits on July 1 1981 with a second 10 percent hike by July 1 1982 for 1.3 million recipients. The plan includes limited Medicaid service cuts to save 43 million and a four year shift to local Medicaid burden with localities required to pass savings to taxpayers. The local share of Medicaid is projected to rise from 1.2 billion to 2.3 billion by 1985 as phased cost controls begin.
MENTIONED IN THIS ARTICLE
Carey
Laurie Asseo
Albany
UPI
Hugh Carey
Carey proposes $84.3 million crime drive in budget plan
Governor Hugh Carey unveils a $16.3 billion budget with an $84.3 million hike for crime fighting and prison reform. A 300 member special police force, $3.1 million for prosecutors, and expanded prison industries aim to cut crime, boost literacy, and raise self sufficiency. The plan also reshapes the Division of Criminal Justice Services, trims federal funding, and seeks $22.3 million to lift prison industries to a $25 million annual sales goal.
MENTIONED IN THIS ARTICLE
Division of Crimial Justice Services
New York City
Carey Budget Proposes Bond funded Transit Plan and Highway Upgrades
Governor Carey outlines a 16.4 billion 1981-82 budget with a 1.7 trillion transit plan largely financed by bonds and a 633 million highway program for upstate and Long Island roads plus 100 million for New York City streets. A tax on oil company revenues may be struck down and no plan exists to replace that funding.
MENTIONED IN THIS ARTICLE
Carey
Upstate
Long Island
New York City
Albany plans broad tax breaks to spur business growth
Gov. Hugh L. Carey outlined 1981 82 budget incentives for business and industry. Proposals include capital gains relief for five year holdings, refundable investment tax credits, and a 50 percent employment credit for three years while jobs rise. Renewable energy credits rise to 4 percent and targeted credits expand to underemployed workers. Investment credits climb from 4 to 6 percent by 1983 with potential total credits reaching 15 percent of investment.
MENTIONED IN THIS ARTICLE
Carey
State Liquor Authority
Albany Bureau
Albany
Hugh L. Carey
Carey forecasts sharp rise in New York state lottery revenue
Gov. Hugh Carey forecast a significant boost in New York state lottery revenue in his budget plan, with over 800 million expected from sin taxes on liquor cigarettes and betting. He cited 317.7 million in sin tax revenue for 1981 82 and projected lottery sales up with a new numbers game and more agents. The revenue outlook includes 165 million from lottery taxes this year, 149 million from liquor wine and beer taxes, and 34.5 million from alcohol licenses, with a proposed liquor surcharge to add about 6 million.
MENTIONED IN THIS ARTICLE
Albany
N.Y
UPI
Hugh Carey
Lottery
Herald Journal Subscription Rates and Postal Details
Herald Journal publishes varying subscription prices for New York State readers across Daily Tyr Sunday and combined options. Rates are listed by postal zones with totals, postages, and option bundles for daily, Sunday, and weekend papers both within and outside New York State.
MENTIONED IN THIS ARTICLE
Herald Journal
The
Herald Co
Syracuse
N.Y
New York State
Zonns
Tyr Éma
Smo Ima
Also Mentioned on This Page
State
SSI
City University of New York
Lee Alexander
Transit Plan
Vepnoy
Division of Substance Abuse Service
Division of Alcoholism and Alcohol Abuse
dames F_ Selbeck
N- Salina ST
Gauri
Ieme
Sanste
Aghett
AM Orientals
Richmark
E. Genesee St
Mits
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