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Tag:
Budget Deficit
Conshohocken-Plymouth Meeting, PA
Politics
SEPTA Fare Increases, Service Cuts Could Happen To Transit Agencies Statewide: PA State Rep
SEPTA is proposing major fare increases and cutting services due to budget problems, something that could soon happen to transit agencies across Pennsylvania, according to a state House representative. The Southeastern Pennsylvania Transit Authority announced significant fare increases and cuts to several of its services via a news release on Tuesday, Nov. 12. The rising fare prices and service cuts are being made to help address the agency's $240 million annual budget deficit, the news release states. Public hearings on the proposed changes will be held Friday, Dec. 13. "With no pro…
Vernon-Rockville, CT
Schools
CT Colleges Face Large Cuts To Services, Price Hikes As Funding Disappears
Colleges and regional universities across Connecticut are expecting a $140 million deficit next year now that pandemic-era funds are drying up, the CT Mirror reports. The Board of Regents of Higher Education, an organization that oversees that state's 12 community colleges, state universities, and the online Charter Oak College, said the cuts by state lawmakers tightening their budgets along with the loss of federal funding is equal to 11 percent of the entire state system budget, the outlet said. The University of Connecticut in Storrs and its satellite campuses are planning for a $70 mill…
Mamaroneck, NY
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…
Mount Pleasant, NY
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…
Massapequa, NY
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…
Massapequa, NY
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…
Massapequa, NY
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…
Torrington, CT
News
Covid-
19 Crisis Could Cost Connecticut Billions, Lamont Says
The novel coronavirus (COVID-19) outbreak could wind up costing Connecticut billions of dollars and wiping out the state’s rainy day fund. Calling the numbers “sobering,” Connecticut Gov. Ned Lamont previously said that Connecticut will end the fiscal year with a $1 billion budget shortfall, with the number potentially doubling over the next cycle, which begins in July. Budget numbers released by the Office of Fiscal Analysis show Connecticut’s budget deficit this year grew to over $1 billion, an increase of more than $687 million over the previous estimate. Sales tax revenue dro…
Shelton, CT
Politics
CT Residents Weigh In On Lamont Job Approval In Brand-New Poll
Connecticut Gov. Ned Lamont’s disapproval rating has hit 40 percent, according to a newly released poll from Sacred Heart University’s Institute for Public Policy. According to the poll, two-fifths of Connecticut residents “disapprove” of the way Ned Lamont is performing as governor, including 64.1 percent of Republicans and 47.8 percent of unaffiliated voters. Lamont has a 24.1 percent disapproval rating among Democrats that were polled. The poll found that the highest percentage of residents “approve” the way the governor is handling healthcare at 29.6 percent, while the lowest number of …
Yonkers, NY
Politics
Proposed $1.25B Budget Would Raise Taxes 2.5 Percent In Yonkers
Yonkers Mayor Mike Spano has introduced a proposed $1.25 billion budget for 2019-2020, though the city still faces financial challenges. The proposed spending plan includes a 2.5 percent tax increase for residents that will represent an increase in the average taxpayer’s bill by approximately $350, though there are no cuts in essential services. The budget also calls for new city jobs in the water and housing departments. The proposal marks a 4.7 percent ($55 million) increase from last year, and must be approved by June 1. Public hearings have been scheduled beginning at the end of the mon…
Armonk, NY
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 …
White Plains, NY
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…
White Plains, NY
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…
New Canaan, CT
Politics
GOP Governor Hopefuls Debate Achievement Gap in New Canaan
Nine Republican candidates for governor of Connecticut debated on the stage in New Canaan's Saxe Middle School Wednesday night for the fifth and final time. The candidates were mostly cordial, reserving their fire for Gov. Dannel Malloy and the Democratic party, upon whom they placed most of the blame for the issues facing our state. Topics included transportation and infrastructure, the budget deficit, pensions, gun rights and for the first time, the education and achievement gap between our richest and poorest cities. "We've got to find a way to fix, in our cities, the fact that ou…
