NY State Budget Winners and Losers

Monday, April 01, 2013

state capitol Capitol building in Albany (Karen DeWitt/WXXI)

The New York state budget passed just before the April 1st deadline. Casey Seiler, Capitol bureau chief and columnist for the Albany Times-Union, explains the winners and losers in this year's budget, and who spent the most money lobbying last year.

Some Highlights from the $141.3 billion Budget

  • Starting 2014, families earning between $40,000 and $300,000 will be eligible for a $350/year new child tax credit.
  • The so-called “millionaire’s tax” on top earners is extended through 2017; it was set to expire in 2014.
  • The budget includes tax credits for businesses that hire youth and a permanent tax credit for those that hire veterans.
  • Over the next three years, the minimum wage will incrementally increase from $7.25/hour to $9/hour.
  • $90 million is cut to the Office of People with Developmental Disabilities.
  • Education funding is increased by $1 billion.
  • While the ban on seven-round magazines is suspended, the budget sets aside $28 million to create a state-wide gun database.


Casey Seiler

Comments [3]

John from NYC

I support the proposed stadium is Corona park only if the team will set up soccer training academies and fields in the park. This is not a hard thing to do. The USTA center with a open park has been good for the community. We have to keep the MLS developers true to their word unlike the Yankees.
If baseball gets huge subsidies why not soccer?

Apr. 01 2013 02:53 PM

The proposed soccer stadium would not take away any park land. It will replay want it uses. Plus, they have vowed to keep up the existing soccer fields which are in disarray. A stadium will bring a tremendous amount of money to the city and to Queens. It amazes me the resistance to change NYC can have. I remember all the negative attitude to The Highline when it was proposed and now look at it. The stadium would be a great thing for NYC.

Apr. 01 2013 10:46 AM
amalgam from NYC by day, NJ by night

Who Are America’s Top 10 [Natural] Gas Drillers?

"More than 14,000 oil-and-gas companies, many of them small businesses, were active in the United States in 2009, according to the Energy Information Administration. But multinational giants like Exxon Mobil and BP now produce much of the nation's gas. The 10 biggest drillers account for one-third of all production, data from the Natural Gas Supply Association and the EIA show. The 40 largest producers pump more than half of all domestic natural gas.

We've compiled a list of the top 10 drillers in the country, ranked by their daily natural gas production, and pulled together some key facts about their operations. Though there are other ways to measure these companies—revenue, market capitalization, reserves—industry experts say production numbers give the best snapshot of today's landscape and also separate drillers' gas operations from oil."

Apr. 01 2013 10:42 AM

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