While the latest New York state budget increases education funding by $1 billion, advocacy groups are criticizing a failure to adequately ensure equitable education funding across all school districts.
The enacted New York state budget for fiscal year 2019-2020, approved on April 1, implements a permanent property tax cap — one of the few budget issues supported by both parties. The cap is projected to save taxpayers $189.9 billion over the next 10 years.
New York state rent regulation laws are set to expire in two months and affordable housing advocates are preparing to do battle with the influential real New York estate lobby in an effort to strengthen and expand tenant rights as lawmakers review and consider reforms to the legislation.
In an effort to elicit feedback from tenants, stakeholders and regulatory agencies, the Assembly Housing Committee has scheduled two public hearings early next month.
New York state expects to spend an average of $13.4 billion in each of the next five years on capital projects, but the state comptroller says it would benefit from a more comprehensive assessment of its capital assets and needs.
State enacts legislation Monday increasing New York's capacity to prosecute financial fraud relating to stocks, bonds and other securities. The measure restores the six-year statute of limitations under the Martin Act, allowing New York to better protect investors and consumers, prevent bad practices and hold companies accountable for fraudulent activity and conduct.
Cuomo has signed legislation reauthorizing and expanding the Minority and Women Owned Business Enterprises program, which requires state agencies to contract state projects out to a certain percentage of minority- and women-owned businesses in New York state. The program had been set to expire at the end of this year.
The state Authorities Budget Office will soon have the power to suspend local authority board members and executive staff for failure to submit reports required by state law, a step forward in an ongoing effort by certain state agencies to make their "opaque" activities more transparent.
Gov. Andrew Cuomo fired a shot across the bow of yet another utility company this week, when he sent a letter to the state Department of Public Service, directing the agency to broaden its investigation into a moratorium on natural gas imposed by National Grid after the energy provider failed to get approval for a hotly contested pipeline in May.