Cuomo Budget Sparks Debate Over State Spending Practices
Fiscal experts critique Cuomo administration budgeting as lawmakers warn of shifting costs through new funds and rolling deficits. They note 32 new funds masking $93.4 million in fees and possible homeowner impact from private landfill costs. The accounting approach may hide true deficits totaling billions.
MENTIONED IN THIS ARTICLE
Cuomo
New York
State Department of Environmental Conservation
Michael Bragman
Cicero
Melvin Zimmer
Syracuse
Onortdaga County
Seneca Meadows
Seneca Falls
Forsythe
Albany's spring borrowing fuels New York state debt
The article explains how New York state uses short term loans each spring to cover due bills such as school aid and pension contributions, creating a cycle of debt. It cites billions in interest since 1982 and 1983, Cuomo’s bond initiatives, and calls for reform including an atonement tax and long term bonds. It notes rider funding, one time revenues, and proposed tax and bond measures to stabilize financing while highlighting risks to SUNY and local governments.
MENTIONED IN THIS ARTICLE
Cuomo
Regan
Albany
Citizens Budget Commission
Bul
Adirondack Park
Wis
Lawmakers push out of 500 million budget gaps
Albany lawmakers grapple with about 300 million in proposed budget cuts aimed at closing a 1.5 billion gap. Assembly Speaker Mel Miller Senate Majority Leader Ralph Marino and Gov. Mario Cuomo warn of angry reactions as they weigh cuts affecting mental health SUNY and CUNY. Cuomo backs higher cigarette and alcohol taxes plus expanded sales tax. Marino says he will not discuss taxes.
MENTIONED IN THIS ARTICLE
Albany
Assembly
Mel Miller
Senate
Ralph Marino
Mario Cuomo Cuomo
Teaders
Hein
Maier Marino
Cuomo
Eli
Ling
State University of New York
City Univeristy
New York
Marino
Magic window in Albany fuels spring debt cycle
A three month period from March to June in Albany lets New York state delay local aid and pension payments, fueling spring borrowing that has cost taxpayers over 2.0 billion since 1959 60. The plan to cut borrowing by 1.7 billion includes a rainy day fund and faster state payments to schools as debates consider moving the fiscal year to July 1.
MENTIONED IN THIS ARTICLE
Albany
State Capitol
Pension Fund
Assembly Wes and Means
Liverpool
Charles Mellor
Mellor
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Pose al
Tral Porvan
Ada Federaalg
Cynthia Green
Citiens Budget Commission
New York City
Creon
New York Letchworth State Park
Niagara Reservation
Transportation Department
DOT
DEC
Lee Wasserman
Environmental Planning Lobby
Public Policy Institute
Business Council of
New York State
Bob Woros
Gontnbutngam St
SUNY
Infrastructure Trust Fund
Sol Wachtler
E.J. McMahon
the State Compenller's Office
Madunt
Ino Ose Ccars
Malhion
Lars
Melvin Miller
Sandra Hutton
Mario Cuomo
Edward ¥. Regan
Associated Press
Edward Regan
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