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44°
Saturday, apr 27
Tag:
Budget Deficit
Schools
Redistricting Results In Closure Of School In Hudson Valley
Facing a budget deficit, a Hudson Valley school district will be redistricting, including the closing of one of its elementary schools. In Ulster County, the Saugerties School District announced that the Board of Education has approved a plan to redistrict, including shuttering the doors at Mt. Marion Elementary School. “Last spring, the Board of Education tasked me with creating a committee of stakeholders to help the District face the upcoming budget deficit as well as maintain and improve programming for all students,” Superintendent Kirk Reinhardt announced. “I firmly believe that our…
Politics
Cuomo Wants To Add New Fee For These DMV Transactions As Part Of New Budget
Facing an unprecedented budget deficit amid the COVID-19pandemic, New York Gov. Andrew Cuomo has proposed additional fees for online transactions made through the state’s Department of Motor Vehicles. In his $193 billion budget proposal released earlier this week, Cuomo proposed a new $1 fee for each transaction made through the DMV as the state faces a record-setting $15 billion budget shortfall. The new fees would keep motorists at home during the COVID-19 crisis while providing the state with additional revenue to offset the deficit. Fees would apply to the registration, re-registratio…
Politics
Cuomo Proposes Raising Taxes On Wealthiest NYers
With New York facing a record-setting $15 billion deficit amid the COVID-19 pandemic, Gov. Andrew Cuomo’s budget proposal includes a potential tax hike for the state’s wealthiest residents. In his budget proposal this week, Cuomo proposed raising taxes on the rich to a combined level of 14.7 percent, which would be the highest state and local tax rate in the nation as New York looks to dig out of the financial hole created during the pandemic. The top tax rate would rise to 10.86 percent, up from 8.82 percent, making it the highest income tax in the nation. It would only impact those making…
News
Covid-
19: Cuomo Outlines Plan To Defeat Virus In 'State Of State' Address
COVID-19 dominated Gov. Andrew Cuomo’s “State of the State” address as he looked forward to a rosier 2021 after a rough 2020, and vowed to win the war on the virus. In his 11th “State of the State” address, Cuomo’s agenda spoke of “Reminding, Rebuilding, and Renewing” New York as it combats COVID-19 and faces a questionable economy with a $15 billion deficit following a near year of battling the pandemic. “Do you remember last spring?", Cuomo stated. "Do you remember what New Yorkers did in their darkest hour? I will never forget it. When COVID ambushed New York and we went from one ca…
Politics
Cuomo Says He'll Defer Scheduled Pay Raise Amid NY's $63B Budget Deficit
New York Gov. Andrew Cuomo says he'll defer a scheduled pay bump in 2021 amid the state's massive budget deficit. Cuomo was due to receive the $25,000 pay raise in January, bringing his total annual compensation to $250,000, the highest salary for a governor in the country. The raise was part of legislation already passed in 2019. At the same time, other New York officials’ salaries will stay stagnant year-over-year due to the impact of the COVID-19 pandemic. Cuomo said on Wednesday, Nov. 18 shortly after news of the raise became public that he planned to defer the pay increase and woul…
Politics
Latimer: Balancing Next Budget Calls For Creative, Tough Decisions
County Executive George Latimer said balancing next year's county budget requires creative solutions but also some tough decisions. Latimer has introduced his proposed $1.94 billion to the county Board of Legislators, which can revise the budget before its passage next month. In a Wednesday speech before the Business Council of Westchester, Latimer, a 65-year-old Democrat from Rye, said, "That was a fast year." He spoke to the group a year ago after defeating Republican Rob Astorino. Latimer pointed out that he inherited a multi-million dollar budget deficit and depleted reserves but …
Politics
Latimer Says County Faces 'Fiscal Mess' Due To $32 Million Budget Deficit
This story has been updated. County Executive George Latimer said that as anticipated, Westchester's operating budget has a deficit of more than $32 million. Latimer, a Democrat from Rye, said on Tuesday, June 26 that he inherited shaky financial conditions former County Executive Rob Astorino of Mount Pleasant. Latimer said: "Our Administration took office on Jan. 1, 2018; we have inherited this 2017 deficit from the prior Administration, and it negatively impacts our current 2018 budget, and projections for the 2019 budget which will be in preparation beginning this summer." W…
Politics
Westchester, Putnam, Rockland County Execs Share Thoughts On Biggest Issues
Westchester County's new County Executive George Latimer made his Pattern for Progress debut Monday, April 23 as he joined Rockland County Executive Ed Day and Putnam County Executive Mary Ellen Odell for an annual Southern County Leaders discussion. It was held in Putnam County for the first time this year. Moderated by Pattern's President & CEO Jonathan Drapkin, the three county executives discussed some of the major issues facing the lower Hudson Valley, including high taxes, the opioid epidemic, and the need for infrastructure upgrades. Additional questions came from audience membe…
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