Kathy Hochul Unveils Record $216 Billion Budget Plan for NY

Gov. Kathy Hochul unveiled a record-setting new budget plan, as state officials project balanced budgets through 2027, with none of the typical warnings of billion-dollar shortfalls.

#budgets-and-budgeting, #finances, #hochul-kathleen-c, #new-york-state, #politics-and-government, #taxation

Hochul Unveiled a Sweeping Vision for New York. Now Comes the Hard Part.

After laying out her priorities in the State of the State address, Gov. Kathy Hochul must now work with the Legislature to back her with funding and new laws.

#budgets-and-budgeting, #democratic-party, #hochul-kathleen-c, #law-and-legislation, #new-york-state, #politics-and-government, #stadiums-and-arenas, #state-legislatures, #state-of-the-state-message-nys

Why This Liberal Mayor Doesn’t Want a Lecture From Progressives

London Breed has heard the wrath of progressives (and conservatives) on doing too much (and too little) to “clean up” neighborhoods in San Francisco struggling with substance use. She’s not backing down.

#black-lives-matter-movement, #black-people, #boudin-chesa, #breed-london, #budgets-and-budgeting, #mayors, #police, #police-department-san-francisco-calif, #police-reform, #san-francisco-calif, #tenderloin-san-francisco-calif

What’s in Kathy Hochul’s Proposal on Housing, Economy and Climate

The proposals, released as part of Ms. Hochul’s first State of the State address, reflected her priorities as she prepares to run for a full term as governor.

#budgets-and-budgeting, #coalition-for-the-homeless, #coronavirus-2019-ncov, #economic-conditions-and-trends, #hochul-kathleen-c, #homeless-persons, #labor-and-jobs, #new-york-city-environmental-justice-alliance, #new-york-state, #partnership-for-new-york-city, #politics-and-government, #reinvent-albany, #riders-alliance, #small-business, #state-of-the-state-message-nys, #subways, #transit-systems

Watch Kathy Hochul Give Her First State of the State Speech

Gov. Kathy Hochul was set to pledge $10 billion to boost the state’s decimated health care work force, and to direct funds to further combat gun violence.

#budgets-and-budgeting, #coronavirus-2019-ncov, #criminal-justice, #elections-governors, #ethics-and-official-misconduct, #hochul-kathleen-c, #labor-and-jobs, #law-and-legislation, #new-york-state, #politics-and-government, #state-of-the-state-message-nys, #taxation, #term-limits-political-office

Kathy Hochul Will Propose Term Limits for New York Governors

The state’s Covid response will continue to demand her attention, but other contentious issues await as the Legislature returns and a primary looms in June.

#bail, #budgets-and-budgeting, #coronavirus-2019-ncov, #democratic-party, #hochul-kathleen-c, #law-and-legislation, #new-york-state, #politics-and-government, #state-of-the-state-message-nys

De Blasio’s Costly Legacy: The Biggest City Work Force Ever

The budget soared under Mayor Bill de Blasio, who significantly expanded the size of New York City government. The next mayor, Eric Adams, might have to rein it in.

#adams-eric-l, #budgets-and-budgeting, #de-blasio-bill, #district-council-37, #government-employees, #labor-and-jobs, #local-government, #new-york-city, #organized-labor

Jackson State Men’s Basketball Plays on the Road, Where the Money Is

Jackson State, a small Division I program, has trouble scheduling big-name schools at home, so it made extra revenue by playing away games for the first third of its season.

#basketball-college, #budgets-and-budgeting, #historically-black-colleges-and-universities, #jackson-miss, #jackson-state-university, #national-collegiate-athletic-assn, #southwestern-athletic-conference

A Mental Health Crisis Among the Young

A health professional and an author/filmmaker write that we are failing our youths. Also: Memo to Democrats; military spending; moving away from coal.

#abeles-vicki, #anxiety-and-stress, #bruni-frank, #budgets-and-budgeting, #coal, #democratic-party, #global-warming, #mental-health-and-disorders, #mines-and-mining, #murthy-vivek-h, #united-states-defense-and-military-forces, #united-states-politics-and-government, #youth

Republicans Who Assailed Biden’s Stimulus Bill Are Embracing the Money

Republican governors who criticized the $1.9 trillion Covid relief bill as wasteful are championing state projects funded by the money.

#american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #coronavirus-2019-ncov, #democratic-party, #desantis-ron, #dewine-mike, #ducey-doug-1964, #federal-aid-us, #federal-budget-us, #gianforte-greg-1961, #noem-kristi, #republican-party, #stimulus-economic, #united-states-politics-and-government

California Positions Itself as a ‘Refuge’ of Abortion Rights

A new legislative proposal includes the recommendation to fund the procedure for low-income women who come to California for abortion services.

#abortion, #budgets-and-budgeting, #california, #newsom-gavin, #state-legislatures

Will Germany’s ‘Debt Brake’ Stop Its Green Ambitions?

The new government has big plans to modernize the economy and switch to renewable energy. But the question remains how it will pay for it.

#appointments-and-executive-changes, #budgets-and-budgeting, #europe, #free-democratic-party-germany, #germany, #global-warming, #green-party-germany, #lindner-christian-w, #mines-and-mining, #scholz-olaf-1958, #social-democratic-party-germany, #solar-energy, #windmills

On Chicago’s West Side, Urgent Needs Collide With Washington Compromises

Activists say the needs of struggling communities in Chicago and elsewhere vastly exceed the billions Congress is spending.

#biden-joseph-r-jr, #budgets-and-budgeting, #chicago-ill, #democratic-party, #garcia-jesus-g-1956, #house-of-representatives, #infrastructure-public-works, #law-and-legislation, #race-and-ethnicity, #senate, #united-states-politics-and-government

Israel Passes State Budget

The vote raised hopes that the country might be headed for increased political stability after the chaos of four elections in quick succession.

#budgets-and-budgeting, #israel, #legislatures-and-parliaments, #politics-and-government

Meta Makes Changes to Marketing Strategy Amid Scandals

After the social media giant auditioned agencies to manage its ad budget, underscoring its Madison Avenue ties, Spark Foundry won the business.

#budgets-and-budgeting, #computers-and-the-internet, #dentsu, #facebook-inc, #haugen-frances, #online-advertising, #publicis-groupe, #social-media, #whistle-blowers, #wiedenkennedy

How $2 Trillion in Tax Increases in Biden’s Bill Target Companies and the Rich

The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.

#biden-joseph-r-jr, #budgets-and-budgeting, #corporate-taxes, #corporations, #executive-compensation, #federal-budget-us, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #stock-buybacks, #tax-credits-deductions-and-exemptions, #tax-shelters, #treasury-department, #united-states-politics-and-government

How Biden’s $2 Trillion in Tax Increases Target Companies and the Rich

The proposal to fund the president’s sprawling spending plan mostly turns up the dial on more conventional tax policies, while trying to curb maneuvers that allow tax avoidance.

#biden-joseph-r-jr, #budgets-and-budgeting, #corporate-taxes, #corporations, #executive-compensation, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #stock-buybacks, #tax-credits-deductions-and-exemptions, #tax-shelters, #treasury-department, #united-states-politics-and-government

Britain prepares for a post-pandemic economy, and keeps spending.

“A new age of optimism” is coming, said Chancellor Rishi Sunak, while inflation and shortages still bedevil the country.

#bank-of-england, #budgets-and-budgeting, #coronavirus-2019-ncov, #economic-conditions-and-trends, #inflation-economics, #johnson-boris, #sunak-rishi-1980

Democrats’ Divide: Should Obama-Era Economic Ideas Prevail in 2021?

A more traditional view is competing against a newer approach that has become mainstream among economists.

#biden-joseph-r-jr, #budgets-and-budgeting, #economics-theory-and-philosophy, #manchin-joe-iii, #obama-barack, #united-states-economy, #united-states-politics-and-government

Why Public Health Is in Crisis: Threats, Departures, New Laws

An examination of hundreds of health departments around the country shows that the nation may be less prepared for the next pandemic than it was for the current one.

#budgets-and-budgeting, #coronavirus-2019-ncov, #demonstrations-protests-and-riots, #doctors, #epidemics, #government-employees, #hot-springs-county-wyo, #local-government, #masks, #medicine-and-health, #port-angeles-wash, #states-us, #threats-and-threatening-messages, #united-states, #vaccination-and-immunization, #wilson-county-kan

No, California Isn’t Doomed

With a budget surplus and plans for fixing its biggest problems, the Golden State is looking a bit more golden.

#affordable-housing, #budgets-and-budgeting, #california, #elections-california-gubernatorial-recall-2021, #homeless-persons, #internal-sub-only, #newsom-gavin, #real-estate-and-housing-residential, #taxation

For India’s Military, a Juggling Act on Two Hostile Fronts

Tensions with China and Pakistan stretch a cash-starved military, while the fall of Afghanistan to the Taliban removes a potential ally.

#budgets-and-budgeting, #china, #defense-and-military-forces, #economic-conditions-and-trends, #himalayas, #india, #international-relations, #ladakh-india, #modi-narendra, #pakistan, #politics-and-government, #territorial-disputes

Treasury’s Janet Yellen Is Being Tested by Debt Limit Fight

The Treasury secretary must wade into a standoff between Democrats and Republicans over raising the debt limit.

#bipartisan-policy-center, #budgets-and-budgeting, #national-debt-us, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

It’s Not Really a ‘$3.5 Trillion’ Bill

The fiscal impact of the Biden spending plan would be smaller than that figure suggests.

#budgets-and-budgeting, #center-on-budget-and-policy-priorities, #congressional-budget-office, #federal-budget-us, #federal-taxes-us, #internal-sub-only, #taxation

House Democrats Outline Tax Increases for Wealthy Businesses and Individuals

The draft proposal includes raising the corporate tax rate to 26.5 percent for the richest businesses to help pay for President Biden’s sweeping expansion of the social safety net.

#biden-joseph-r-jr, #budgets-and-budgeting, #corporate-taxes, #democratic-party, #federal-taxes-us, #house-committee-on-ways-and-means, #income-tax, #law-and-legislation, #taxation, #united-states-politics-and-government

German Election: Who Is the Green Party’s Annalena Baerbock?

Annalena Baerbock, the 40-year-old candidate for the Green Party, is likely to have a say in Germany’s next government, no matter who wins this month’s election.

#automobiles, #baerbock-annalena, #budgets-and-budgeting, #carbon-dioxide, #coal, #economic-conditions-and-trends, #elections, #global-warming, #green-party-germany, #greenhouse-gas-emissions, #international-trade-and-world-market, #politics-and-government, #solar-energy

N.Y.C. Reaches Deal on Record $99 Billion Budget to Aid Pandemic Recovery

The budget includes $14 billion in federal pandemic aid.

#budgets-and-budgeting, #coronavirus-2019-ncov, #de-blasio-bill, #johnson-corey, #new-york-city

Brad Lander Unites Progressives to Lead Comptroller’s Race

Brad Lander holds a lead over Corey Johnson, the speaker of the City Council, after the first ranked-choice voting ballot.

#budgets-and-budgeting, #democratic-party, #elections-comptrollers, #johnson-corey, #lander-brad, #new-york-city, #office-of-the-comptroller-nyc, #primaries-and-caucuses

California Plans Rent Forgiveness Using Federal Stimulus Surplus

The state is poised to embark on an ambitious, complex effort to cover the unpaid rent of low-income renters who struggled during the pandemic.

#budgets-and-budgeting, #california, #coronavirus-aid-relief-and-economic-security-act-2020, #politics-and-government, #stimulus-economic

With Billions of Dollars at Stake, a Critical Race Vies for Attention

Candidates to be New York City’s next chief financial officer are straining for attention from the public during a crucial moment.

#benjamin-brian, #budgets-and-budgeting, #caruso-cabrera-michelle, #elections-comptrollers, #iscol-zach, #johnson-corey, #lander-brad, #new-york-city, #office-of-the-comptroller-nyc, #politics-and-government, #primaries-and-caucuses, #weprin-david-i

Democrats Float $6 Trillion Plan Amid Talks on Narrower Infrastructure Deal

Democrats are considering moving unilaterally on a sweeping economic package even as bipartisan talks continue on a smaller infrastructure bill.

#american-jobs-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #federal-budget-us, #federal-taxes-us, #filibusters-and-debate-curbs, #infrastructure-public-works, #law-and-legislation, #medicare, #sanders-bernard, #schumer-charles-e, #senate, #united-states-economy, #united-states-politics-and-government

Departures of Police Officers Accelerated During a Year of Protests

Retirements nationwide were up by 45 percent and resignations by 18 percent in the 12-month period ending in April.

#budgets-and-budgeting, #coronavirus-2019-ncov, #george-floyd-protests-2020, #police, #police-executive-research-forum, #police-reform, #united-states

Rich Schools, Poor Schools and a Biden Plan

The way U.S. education is funded can widen disparities. A proposed $20 billion program seeks to even things out.

#biden-joseph-r-jr, #budgets-and-budgeting, #education-k-12, #federal-aid-us, #income-inequality

Brad Lander for Comptroller

The editorial board endorses Brad Lander for New York City comptroller.

#budgets-and-budgeting, #elections-comptrollers, #endorsements, #lander-brad, #new-york-city

Biden Meets With Capito as Deadline for Infrastructure Deal Looms

President Biden and Senator Shelley Moore Capito, the top Republican negotiator, had no breakthroughs. But they agreed to speak again on Friday.

#american-jobs-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #capito-shelley-moore, #filibusters-and-debate-curbs, #infrastructure-public-works, #law-and-legislation, #macdonough-elizabeth, #senate, #united-states-politics-and-government

New York City’s Post-Covid Recovery

Coming out of the pandemic, is it possible to build a more equal city?

#bankruptcies, #budgets-and-budgeting, #coronavirus-2019-ncov, #elections-mayors, #hudson-yards-manhattan-ny, #local-government, #new-york-city, #nineteen-hundred-seventies, #politics-and-government, #trump-donald-j

Is Wokeness ‘Kryponite for Democrats’?

Republicans sure seem to think so. They are not alone. 

#black-lives-matter-movement, #budgets-and-budgeting, #conservatism-us-politics, #democratic-party, #freedom-of-speech-and-expression, #george-floyd-protests-2020, #liberalism-us-politics, #police-reform, #polls-and-public-opinion, #republican-party, #united-states-politics-and-government

Krugman Wonks Out: What We Talk About When We Talk About Money

Chill out. The Fed isn’t rolling the printing presses to pay the bills. 

#budgets-and-budgeting, #federal-budget-us, #federal-reserve-bank-of-new-york, #federal-reserve-system, #government-bonds, #united-states

10 Ways for Museums to Survive and Thrive in a Post-Covid World

That the pandemic did damage to museums is unquestioned but their resilience has been remarkable.

#art, #budgets-and-budgeting, #coronavirus-2019-ncov, #finances, #museums

How City Hall in New York City Saved Local News

City agencies are spending at least half of their ad budgets on local newspapers and websites. 

#adams-eric-l, #advertising-and-marketing, #biden-joseph-r-jr, #budgets-and-budgeting, #chicago-ill, #city-council-nyc, #corp-for-public-broadcasting, #de-blasio-bill, #executive-orders-and-memorandums, #federal-budget-us, #garcia-kathryn, #minorities, #new-york-city, #new-york-state, #news-and-news-media, #newspapers, #online-advertising, #politics-and-government, #stanford-university, #state-legislatures, #university-of-north-carolina, #wiley-maya

California Budget: Recovery, Recall and Record Revenue Drive Newsom Plan

Tuesday: Gov. Gavin Newsom’s $267.8 billion budget proposal reflects the wish list of a state “just flush with cash.”

#american-rescue-plan-2021, #budgets-and-budgeting, #california, #coronavirus-2019-ncov, #elections-governors, #newsom-gavin

Going on a Scavenger Hunt to Finish Your Kitchen Renovation

Since the pandemic has driven home renovation costs up, how about some secondhand ways to save some money?

#budgets-and-budgeting, #content-type-service, #home-appliances, #kitchens, #new-jersey, #quarantine-life-and-culture, #real-estate-and-housing-residential

F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short

The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.

#budgets-and-budgeting, #federal-bureau-of-investigation, #kurds, #pennsylvania, #pensions-and-retirement-plans, #property-taxes, #teachers-and-school-employees, #wages-and-salaries

Newsom’s Plan: California’s Middle-Class Taxpayers Could Get a Rebate Under Proposal

Faced with a large state surplus and a looming recall election, Gov. Gavin Newsom has proposed giving at least $600 to two-thirds of California taxpayers.

#budgets-and-budgeting, #california, #homeless-persons, #newsom-gavin, #politics-and-government, #rebates-and-refunds, #taxation

Schumer Readies Plan B to Push Immigration Changes Unilaterally

Should bipartisan talks stall, the Senate majority leader is exploring trying to use budget reconciliation to legalize millions of undocumented immigrants.

#biden-joseph-r-jr, #budgets-and-budgeting, #congressional-hispanic-caucus, #deferred-action-for-childhood-arrivals, #democratic-party, #dream-act-development-relief-and-education-for-minors-act, #federal-budget-us, #illegal-immigration, #immigration-and-emigration, #infrastructure-public-works, #schumer-charles-e, #senate, #united-states-politics-and-government

Biden’s Plan Promises Permanent Decline

There’s always a catch when the government gives things “free.”

#american-families-plan-2021, #american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #democratic-party, #europe, #organization-for-economic-cooperation-and-development, #politics-and-government, #republican-party, #united-states, #united-states-economy

A Progressive Vision Is Possible if We Spend Money Thoughtfully Now

The American Rescue Plan has the potential to be the most effective social care package since the 1960s.

#american-rescue-plan-2021, #biden-joseph-r-jr, #budgets-and-budgeting, #children-and-childhood, #coronavirus-2019-ncov, #democratic-party, #johnson-lyndon-baines, #united-states-politics-and-government

California Is Awash in Cash, Thanks to a Booming Market

In a single year, the state’s financial outlook has gone from surplus to deficit to surplus as capital gains tax collections have risen amid a soaring stock market and I.P.O. boom.

#apple-inc, #brown-edmund-g-jr, #budgets-and-budgeting, #california, #capital-gains-tax, #coronavirus-2019-ncov, #cupertino-calif, #economic-conditions-and-trends, #executive-compensation, #income-tax, #initial-public-offerings, #newsom-gavin, #standardpoors-500-stock-index, #stimulus-economic, #stock-options-and-purchase-plans, #taxation

New York, Finally, Taxes the Rich

A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion.

#budgets-and-budgeting, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-city, #new-york-state, #politics-and-government, #state-legislatures

$2.1 Billion for Undocumented Workers Signals New York’s Progressive Shift

The fund, which could provide payments to hundreds of thousands of people excluded from other pandemic relief, ignited a battle among state lawmakers before it was approved this week.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #cuomo-andrew-m, #illegal-immigration, #new-york-state, #ramos-jessica-1985