{"id":101819,"date":"2020-10-31T04:02:13","date_gmt":"2020-10-31T01:02:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cuomo-waiting-until-after-2020-election-to-take-budget-action-report\/"},"modified":"2020-10-31T04:02:13","modified_gmt":"2020-10-31T01:02:13","slug":"cuomo-waiting-until-after-2020-election-to-take-budget-action-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cuomo-waiting-until-after-2020-election-to-take-budget-action-report\/","title":{"rendered":"#Cuomo waiting until after 2020 election to take budget action: report"},"content":{"rendered":"

“#Cuomo waiting until after 2020 election to take budget action: report<\/strong>”
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\n Gov. Andrew Cuomo is pushing off tough financial decisions until after the 2020 election \u2014 and has not released blueprints for a plan B in the event federal funding doesn\u2019t come through to help New York recover from the pandemic-fueled fiscal crisis.<\/p>\n

The state Division of the Budget issued a mid-year budget report Friday that avoids addressing massive budget gaps as the governor waits to see if his pal, former Vice President Joe Biden, is elected president and Democrats take over the U.S. Senate.<\/p>\n

The report notes that no agreement has been reached in Congress on providing a recovery package to aid cash-strapp<\/a>ed state and local governments,\u201d the report said.<\/p>\n

\u201cThe Enacted Budget Financial Plan noted that the ultimate size of any permanent reductions would depend in part on the availability of unrestricted federal aid,\u201d it said.<\/p>\n

While the U.S. Congress has begun discussions on additional recovery legislation, no agreement has been reached as of the date of this update,\u201d the report said.<\/p>\n

\u201cTherefore,\u201d it adds, \u201cDOB now expects to transmit a detailed aid-to-localities reduction plan to the Legislature later in the State\u2019s FY [fiscal year] 2021.\u201d<\/p>\n

DOB\u2019s mid-year budget financial plan projects the Empire State\u2019s tax receipts have plummeted by $14.9 billion\u00a0 \u2014 a $400 million increase from August\u2019s projection of $14.5 billion \u2014 tied to revenue losses brought on by COVID-19.<\/p>\n

State budget officials also predict a 15.3 percent drop in tax revenues compared to April\u2019s projections.<\/p>\n

The state has already \u201creduced spending\u201d by $4.3 billion through September \u201cin the absence of Federal funding\u201d by freezing hiring, new contracts and pay raises.<\/p>\n

The state is also temporarily holding back 20% of most payments to local governments and nonprofits, according to the report.<\/p>\n

Cuomo has the legal authority to withhold or reduce spending as part of the budget agreement reached with the Legislature earlier this year.<\/p>\n

The state courts have taken a $300 million hit, forcing the judiciary to lay off 46 of its oldest judges.<\/p>\n

Local governments say they couldn\u2019t bear additional cuts.<\/p>\n

\u201cThe state\u2019s budget gap continues to concern New York\u2019s county governments that are on the front line of the COVID-19 public health crisis at the same time they have their own revenue shortfalls and face a 20% state reimbursement cut when the demand for programs like food stamps and heating assistance is on the rise across the state,\u201d Stephen J. Acquario, executive director of the New York State Association of Counties told The Post.<\/p>\n

\u201cTo be clear, the state\u2019s 20% cuts are not lowering the cost of the programs provided by counties. They are simply shifting these costs to local taxpayers who will now have to pay more for these state-mandate health and human service programs,\u201d he added.<\/p>\n

Meanwhile, state budget watchdogs said Cuomo is rolling the dice by waiting to take further action to stem red ink.<\/p>\n

\u201cWith less than half the fiscal year left, the governor continues to (literally) bank on his hopes for a Biden victory in the presidential election, coupled with a Democratic takeover of the U.S. Senate, said E.J. McMahon, a fiscal analyst with the Empire Center for Public Policy.<\/p>\n

Assuming that happens, Cuomo (not without reason) expects to produce a big infusion of federal aid to cover the still-enormous hole in his current budget, plus a large portion of the gap for FY 2022,\u201d he said.<\/p>\n

But McMahon added, \u201cWhat if President Trump is re-elected, or a President Biden has his state and local aid proposals thwarted by a still Republican-dominated Senate?\u201d<\/p>\n

He noted that Cuomo budget director Robert Mujica said without a federal infusion the state would have to impose deeper cuts that would have a \u201cdevastating\u201d impact on schools, hospitals, police and fire departments and other critical services and force the state to raise taxes and debt that \u201cmany impact our competitiveness and weaken\u201d New York\u2019s ability to lead the national recovery from the pandemic.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Cuomo waiting until after 2020 election to take budget action: report” Gov. Andrew Cuomo is pushing off tough financial decisions until after the 2020 election \u2014 and has not released blueprints for a plan B in the event federal funding doesn\u2019t come through to help New York recover from the pandemic-fueled fiscal crisis. The state…<\/p>\n","protected":false},"author":1,"featured_media":101820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/Cuomo22-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77729,70327,70430,73628,70344,10701,70786],"class_list":["post-101819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-30-20","tag-2020-presidential-election","tag-andrew-cuomo","tag-budget-cuts","tag-coronavirus-in-ny","tag-democrats","tag-state-budget"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=101819"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/101819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/101820"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=101819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=101819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=101819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}