Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Wednesday, 18 January 2017

Cuomo proposes $152.3B state budget with three-year extension to mayoral control of NYC schools

ALBANY — Gov. Cuomo wants to extend mayoral control over New York City schools through 2020, allow movie theaters to sell beer and alcohol, and tax and regulate e-cigarettes and other vapor products.

The proposals are all part of a $152.3 billion state budget proposal Cuomo unveiled Tuesday night.

Unlike last year, when the governor, who is feuding with Mayor de Blasio, sought to shift $800 million in CUNY and other funding from the state on to New York City, Cuomo said there are no such proposals in his budget plan this year.

He did suggest a three-year extension of mayoral control last year as well. But Mayor de Blasio had to settle for a one-year extender that expires this June after the Senate GOP wouldn’t budge.

Meanwhile, Cuomo’s plan would also extend a tax surcharge on the wealthy that was due to expire this coming December, continue with a middle class tax cut enacted last year, and close a $5.3 billion deficit.

Cuomo is proposing to boost education spending by $1 billion, or 4.1%, Medicaid by $567 million, or 3.2%, and spend $163 million to create a free public college tuition program for families making up to $125,000 that a source said would be covered entirely by the state.

The spending plan does not contain any contingencies for the possible repeal of President Obama’s Affordable Care Act, which, if not replaced, Cuomo has said could cost the state $3.7 billion.

In seeking to tax vapor products, Cuomo would expand the definition of tobacco products to include e-cigarettes, hookah pens and vape pens. He would impose a tax rate of 10-cents per milliliter.

Source:-nydailynews