Keyword: Cuomo
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The Bellmore-based Long Island Crisis Center is facing a crisis of its own: Governor Cuomo’s proposed budget cuts mean that the center could lose nearly one-third of its budget, possibly shutting … more
My last column, “Stop playing games with the budget deficit” (Feb. 3) was written one week before New York State Comptroller Thomas P. DiNapoli issued his analysis of Gov. Andrew Cuomo’s executive budget draft. The irrationality I outlined fell short of anticipating the following mea-culpa expressed in the comptroller’s analysis. “The SFY 2010-2011 enacted budget relied on $16.7 billion in non-recurring or temporary budget resources; and overly optimistic tax revenue projections, causing a dramatically worsened state structural deficit.” How dramatic? These tenuous entries constituted 30 percent of all the monies in the state’s operating fund. more
There are times when I wish it was 2012. Not because I’m wishing my life away but because I’d love to see how today’s crop of politicians worked their way out of the worst financial crises in federal, state and local history. more
The rainy day is here. At least that’s what Gov. Andrew Cuomo hinted recently when he pointed out that school districts maintain special reserve funds for economic times like … more
For several local school districts, balancing budgets is becoming a daunting challenge. Higher pension costs, a loss of state aid and a possible state tax cap have many school officials looking to tighten their spending plans. Gov. Andrew Cuomo released his first budget proposal on Feb. 1, and districts are being told to tap into their reserve funds to make up for the possible, impending state aid cutbacks and a proposed 2 percent tax cap. Many administrators say they have few options for dealing with increasing costs. more
The West Hempstead school district released a statement last week taking issue with Gov. Andrew Cuomo’s assertion that school districts have enough money in unrestricted reserves to offset his … more
Bellmore-Merrick area school administrators said this week that, yes, their districts could cover proposed state aid cuts with their unrestricted reserve funds and federal stimulus dollars, as proposed recently by Governor Cuomo. But, they quickly noted, doing so could leave them with little to no cash on hand for emergencies, and even jeopardize the districts’ long-term fiscal health. more
On Feb. 1, Governor Cuomo delivered his first budget address. It was a no-holds-barred speech in which he admitted that years of dysfunction and mismanagement has driven our state into “functional bankruptcy.” more
Last Monday, Gov. Andrew Cuomo proposed a two percent tax cap and said state aid for school districts would be curtailed significantly for the 2011-12 school year, which were two items Oceanside … more
The mood was somber as school board trustees and Rockville Centre school district administrators sat down on Feb. 1 for the first of six public work sessions on the 2011-12 budget. more
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