Andrew Cuomo on Thursday amended his proposed budget to incorporate Medicaid funding cuts and policy changes recommended by a task force that reviewed the program and to reflect some future economic optimism. His revisions include a projection that school aid will increase a year from now, which would be the first increase since the 2009-10 [...]
The Bloomberg administration may need to close 105 senior centers — 40 percent of the entire system — if Albany makes good on a budget cut of approximately $25 million, city officials said on Thursday. The proposed closing would affect 8,000 of the 28,000 people who visit the centers for meals, friendship and activities. And [...]
The State Health Department on Thursday will propose a cap on yearly increases in Medicaid financing that will require across-the-board spending cuts by health care providers. The spending cap, part of an overhaul of the way the state budgets its spending on health care for the poor, would require millions of dollars in cuts by [...]
Legislative leaders, citing lame- duck Gov. Paterson’s huge legal troubles and the late release of a massive, $6 billion borrowing scheme, privately concede there’s no chance to get a new state budget adopted by the April 1 start of the new fiscal year. In fact, many predict there won’t be a budget until late June, [...]
The city’s largest landlord has secured desperately needed financing that could help steer it out of the red. Under a labyrinthine deal that federal and state lawmakers and city officials raced to complete in less than six months, the landlord, the New York City Housing Authority, will receive about $230 million for rehabilitating 21 developments [...]
The Fire Department is preparing to deactivate its street alarm boxes throughout New York City as a way to save money. Mayor Michael Bloomberg included the idea in his January budget proposal. Fire Commissioner Salvatore Cassano told the City Council on Wednesday that it would save $6 million in the first fiscal year. He says [...]
New York Gov. David Paterson is pressing a state spending cap on a reluctant Legislature and pushing back against his lieutenant governor’s reported plan to borrow billions over several years to escape a fiscal crisis. Paterson says Tuesday that spending is the state’s top problem and it must be curbed or capped before resorting to [...]
A federal jobs bill expected to pass next week in Washington is expected to bring $2.3 billion in budget aid to New York state, and another $700 million to help counties and New York City. Sen. Chuck Schumer says the aid could help the state and counties to avoid cuts in spending, layoffs, or increased [...]
The Triple Crown will have its last jewel this year, despite belt-tightening at the New York Racing Association. NYRA’s board of directors voted yesterday to hold the 141st edition of the Belmont Stakes this spring. The agency’s president had warned earlier this year that the event might have to be canceled because of budget cuts. [...]
Dozens of concerned straphangers headed down to Chelsea Thursday night as the Metropolitan Transportation Authority held its fifth and final public hearing over proposed service cuts. More than 150 people signed up to speak inside the auditorium at Manhattan’s Fashion Institute of Technology. Many who attended were upset with the agency’s plan to get rid [...]
