State Needs $10 Billion Medicaid Waiver Now To Save Hospitals, Says Schwartz

Written by Matthew Hamilton on . Posted in Budget/Taxes, Features, Health Care, Heard Around Town, News

The Cuomo administration is predicting more trouble for struggling hospitals if the federal government does not grant New York’s request for a $10 billion Medicaid waiver, which state officials submitted 18 months ago. Funding in the governor’s new 2014-2015 state budget for healthcare and hospitals, including three in Brooklyn on the verge of closure, is allocated on the assumption that the federal government will approve the waiver, which would allow some of the projected savings identified by the governor’s Medicaid… [More]

Cuomo, De Blasio Hold Firm on Opposing Funding Plans for Universal Pre-K

Written by Nick Powell on . Posted in Blog, Budget/Taxes, Daily, Education, Features, Heard Around Town, Latest, News

Gov. Andrew Cuomo and New York City Mayor Bill de Blasio agree on the need for universal pre-kindergarten, but the remain sharply divided over how to fund it. In his budget address on Tuesday afternoon, Cuomo unveiled a five-year, $1.5 billion pre-K proposal, with $100 million for the 2014-15 school year and at least $100 million to be added in each subsequent year. “The state will pay for it, and the state will be proud to pay for it,” Cuomo… [More]

Slim Capital Budget Leaves de Blasio With Few Options

Written by Kristen Meriwether on . Posted in Blog, Budget/Taxes, Daily, Economic Development, Features, Government Operations, Latest, News

Mayor Bill de Blasio will have a year to submit his capital budget plan, which will set a road map for new infrastructure projects during his term. That plan, however, will not come without challenges, some of which were discussed at an infrastructure panel hosted by the General Contractors Association of New York at Fordham University on Monday. De Blasio spent much of the last year touting the need for a tax on the wealthy to pay for pre-kindergarten and… [More]

Cuomo’s Local Government Consolidation Proposal Draws a Mixed Response

Written by Jon Lentz on . Posted in Budget/Taxes, Daily, Government Operations, Labor/Unions, News

Gov. Andrew Cuomo is renewing his push to consolidate the thousands of local governments in New York, and this time around he is making his proposal more enticing by linking it to a tax credit in his new tax cut package. Cuomo, who made consolidation a policy goal as attorney general, took aim at the nearly 10,500 towns, villages, water districts, sewer districts and fire districts in New York, arguing that their sheer numbers are driving up property taxes and… [More]

De Blasio, Labor Leaders Affirm Commitment to Increase Taxes to Pay for Universal Pre-K

Written by Nick Powell on . Posted in Blog, Budget/Taxes, Daily, Education, Features, Latest, News, News & Features

In a show of support for Mayor Bill de Blasio’s proposed universal preschool program, leaders of New York City’s largest and most powerful unions held a press conference with the mayor today firmly backing his plan to pay for the program through a tax increase on New Yorkers making more than $500,000 per year. “New York state has promised over the years to fund universal pre-k—for over 15 years now we’ve heard it—but has never provided the funding needed to… [More]

On Inauguration Day, a New City Government Doubles Down on Progressive Vision

Written by Nick Powell on . Posted in Blog, Budget/Taxes, Daily, Economic Development, Education, Environment, Features, Government Operations, Health Care, Housing, News, Other News, Public Safety

A bitterly cold, gray New Year’s Day greeted New York City’s new government leaders on Wednesday afternoon in front of City Hall. The standard political party mix of Bruce Springsteen and various Motown and soul numbers thumped from the sound system, though if there were any dancing it was likely an attempt to keep blood flowing to the extremities. City and state dignitaries and several celebrities were in attendance, glad-handing, smiling through chattering teeth, and waiting patiently for the man… [More]

DiNapoli: Other Factors Need to be Weighed for Surplus, Deficit Projections

Written by Matthew Hamilton on . Posted in Budget/Taxes, News

One week after Gov. Andrew Cuomo said on WCNY’s “The Capitol Pressroom” that a $2 billion surplus was possible if the next budget stays under a 2 percent spending cap, state Comptroller Tom DiNapoli sounded cautious in his take on the extra cash. “The governor’s assumption moving forward is spending will be capped to a lower level than is currently anticipated,” DiNapoli said on Thursday’s show. “Spending is projected at about 3.8 percent. He’s talking about keeping it at 2… [More]

Bus Rapid Transit Touted as Way to Connect New York City’s “Two Cities”

Written by Jon Lentz on . Posted in Budget/Taxes, Daily, News, Transportation

New York City Councilwoman Letitia James has seen firsthand the need for better mass transit. The Brooklyn Navy Yard development in her district is an important economic engine, but it is “inaccessible” to workers who don’t live nearby, James said. The district, which includes parts of Fort Greene and Bedford Stuyvesant, has been “ground zero for gentrification and displacement,” as low-income individuals retreat to neighborhoods with few subway connections. At the same time, the city faces the twin challenges of… [More]

NYC Lawmakers Like Cuomo’s Renter Tax Relief, but ‘Devil is in the Details’

Written by Matthew Hamilton on . Posted in Budget/Taxes, Latest, News

Tax relief for New York City renters might be an attractive idea to some New York City legislators, but for lawmakers like Assemblyman Daniel O’Donnell and Assemblywoman Linda Rosenthal, “the devil is in the details.” “I need to know all the ins and outs of it, which I don’t think were fully revealed,” Rosenthal told City & State. “Renters in New York City are in desperate need of relief. But the devil is in the details. It’s very important to… [More]