Page 17 - Comptroller Tom News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New York Will Spend Billions More Than Last Year In State Budget ALBANY, N.Y. (AP) — New York will boost spending by billions over the next year in a bid to revitalize the state's hard-hit economy under a late spending plan that failed to pass in time Tuesday to prevent more delayed paychecks for state workers. Gov. Andrew Cuomo has long prided himself on getting the budget passed within a few days of an April 1 deadline and trying to keep spending increases minimal. Lawmakers narrowly met the budget deadline last spring at the start of the pandemic, when the Assembly and Senate didn't offe...

"No man’s life, liberty or property are safe while the Legislature is in session." That’s how Gideon Tucker — a New Yorker who knew Albany as a former legislator, secretary of state and judge — put it back in 1866. His wisdom, as demonstrated repeatedly over the ages, is timeless. Yet there is something different, and especially troubling, about this time. The possibility of permanent decline and the ultimate destruction of the New York we know is unmatched in modern memory. With Republicans reduced to hecklers, Albany Democrats, oblivious or reckless or both, are marching toward the ...

The Capitol building in Albany. Five days into the new fiscal year, Gov. Andrew Cuomo and legislative leaders say they have a “conceptual agreement” on a new state budget. If the deal holds, it would include $4 billion in new taxes, including higher income tax brackets on millionaires and a tax increase for some large corporations. If it doesn't hold and isn't finalized Tuesday, then paychecks to some 39,000 state workers, including many front-line essential employees, will be delayed, warned state Comptroller Tom DiNapoli. Under the budget agreement, New Yorkers who make more t...

New York's tax collections continue to lag behind last year, but are better than initial projections.

The injection of billions of dollars in aid comes as New York's finances are not as bad as once thought.