Cuomo unveiling his 2019-20 budget proposal now: $175B - up 2 percent. $1.3B in "revenue actions." 5-year extension of "millionaires' tax." Legalization of marijuana -- but no money earmarked for NY till 2021.
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Quick posting of budget highlights:https://www.newsday.com/news/region-state/cuomo-state-budget-1.25979586 …
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"Congestion pricing" for Manhattan included as a Cuomo budget proposal. BUT would not be implemented before 2021, administration says. #nybudget
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Cuomo has said the MTA should be "blown up." But there is no specific plan for restructuring in his
#nybudget docs. Instead, it says he will "work with the Legislature to establish clear authority over the MTA."Show this thread -
Budget docs: "Only with clearly designated authority and adequate funding can the MTA be overhauled into the efficient and effective transit system that New Yorkers deserve."
#nybudgetShow this thread -
Cuomo, in his speech, says "let's legalize sports betting" in upstate casinos. But
#nybudget docs showing no indication of counting on any revenue this year.Show this thread -
A heavy emphasis, as expected, on social, criminal-justice and voting issues in Cuomo's
#nybudget address. By and large, most of the initiatives have been either approved before by state Assembly, called for by Senate Dems or called for by Cuomo himself in the preview last month.Show this thread -
Again, on the money side,
#nybudget docs note a $500M dip in income taxes collected. A tiny footnote notes that "disbursements are expected to exceed reciepts," and the state will rely on "extraordinary monetary settlements" (federal lawsuits, primarily) to cover.Show this thread -
Long Island video-slots parlors left out of Cuomo's sports betting proposal.
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Cuomo proposes to eliminate state aid payments to wealthier local governments (this is aid to municipalities, not to be confused with schools).
#nybudget docs don't list those governments, but likely to include a number on Long Island.Show this thread
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