A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion. Source: New York Times
Posts published in “Budgets and Budgeting”
$2.1 Billion to Aid Undocumented Workers Signals N.Y.’s Progressive Shift
By Gotham Rex on April 8, 2021
The fund, which could provide payments to hundreds of thousands of people excluded from other pandemic relief, ignited a battle among state lawmakers before it was approved this week. Source: New York Times
What N.Y. State’s Budget Means
By Gotham Rex on April 7, 2021
Gov. Andrew Cuomo and the Legislature have agreed on a budget that will raise taxes on the wealthy and help those devastated by the pandemic. Source: New York Times
NY Reaches Deal on $212 Billion Budget to Jump-Start Economic Recovery
By Gotham Rex on April 6, 2021
Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants. Source: New York Times
New York State Is Set to Raise Taxes on Those Earning Over $1 Million
By Gotham Rex on April 5, 2021
The deal, a sign of Gov. Andrew Cuomo’s weakened influence, would mean wealthy New York City residents would pay the highest combined local tax rate in the nation. Source: New York Times
New York Reaches a Deal to Legalize Recreational Marijuana
By Gotham Rex on March 25, 2021
The move paves the way for a potential $4.2 billion industry, with millions of dollars in sales tax revenue reinvested in minority communities each year. Source: New York Times
Gov. Phil Murphy Unveils N.J. Budget Plan With No New Taxes
By Gotham Rex on February 24, 2021
A $44.8 billion spending plan unveiled Tuesday by Gov. Phil Murphy calls for no new taxes and fully funds the state pension program for the first time since 1996. Source: New York Times
Cuomo Offers Doomsday Proposal to Attack a Possible $15 Billion Deficit
By Gotham Rex on January 19, 2021
The governor floated an increase in income tax on top earners as he warned that the state might have to cut $2.6 billion in school and Medicaid spending. Source: New York Times
Andrew Cuomo Outlines New York's Plan to ‘Win the Covid War’
By Gotham Rex on January 11, 2021
Facing a daunting budget shortfall and a surging second wave, Gov. Andrew Cuomo unveiled New York’s agenda as state leaders seek help from Washington. Source: New York Times
Legalized Marijuana in New York: This Could Be the Year
By Gotham Rex on January 6, 2021
With the state facing a budget crisis, a Democratic supermajority in Albany may pave the way for new taxes and the legalization of recreational pot. Source: New York Times
M.T.A. Budget Cuts: Agency Could Avoid Doomsday Scenario
By Gotham Rex on December 16, 2020
New York’s transportation agency is expected to pass a stopgap budget that omits the draconian cuts transit officials have threatened in recent months. Source: New York Times
New York City Cultural Groups Awarded More Than $47 Million in Grants
By Gotham Rex on December 16, 2020
The Department of Cultural Affairs announced Tuesday that more than 1,000 of the city’s cultural organizations would receive the funds. Source: New York Times
They Were Worried About Finances. This Is How They Got Help.
By Gotham Rex on November 26, 2020
“I have never seen this much anxiety and fear about money,” one financial counselor said. Source: New York Times
What the M.T.A.’s ‘Doomsday’ Cuts Would Actually Look Like
By Gotham Rex on November 25, 2020
The New York transit agency has threatened to slash subway and bus service by 40 percent if it doesn’t receive federal aid. What could really happen is a bit more complicated. Source: New York Times
Pandemic’s Fiscal Toll on New York City: 5 Takeaways
By Gotham Rex on November 24, 2020
The city is already facing a nearly $4 billion budget gap next year, as recovery efforts from the coronavirus are hampered by evidence of a second wave. Source: New York Times