Tax Revenue

It's A Free Country ®

Who Had the Better Week—Cuomo or Christie?

Friday, May 25, 2012

Both rock stars in their own right, both trying to right their states' ships, and both building serious momentum for a potential presidential run. Every Friday, we'll look at whose week will look better on a résumé come 2016.

Check out last week's results here.


It's A Free Country ®

DiNapoli: Wall St. Tax Revenue Drops, Threatens Balanced Budgets

Tuesday, October 11, 2011

Anybody that thinks this is a return to the old days, where at the end of the fiscal year overheated Wall Street profits took care of any budget imbalance, that's not happening this year.

— New York State comptroller Thomas DiNapoli on The Brian Lehrer Show.

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Transportation Nation

NY Governor-Elect Cuomo: Transit Money "Fungible"

Wednesday, November 17, 2010

(Andrea Bernstein, Transportation Nation)  It's been a bit of an unhealed wound for transit advocates -- the redirection last year of some $160 million in revenue collected by the NYC MTA to New York State's General Fund.  Facing its own multi-billion budget gap, the state Senate helped itself to some $160 million in dedicated revenues for transit, driving the MTA's budget gap to $800 million and helping bring about the most severe transit cuts in more than a generation. At a press conference today announcing an environmental settlement, New York Governor-elect Andrew Cuomo was asked if he'd do the same.  Here's his answer:

Cuomo: "I understand the concern. Everyone -- especially in a declining budget environment, where we are now, everyone -- we just met with the environmental groups. They're very concerned that nobody raids the funds that should be going to the environment.

"People who are involved in transit want to make sure nobody raids the funds that are involved in mass transit.  I understand the concerns, and that's the balance of putting together the budget."

REPORTER: That means you're not committed to allowing the money --

Cuomo: "You can't say -- money is fungible to a certain extent. There are a lot of needs the state has to fund and it's the balancing of those needs that will be done through the budget process."

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