New York Assembly Democrats rejected Governor Andrew Cuomo’s proposal to raise the retirement age and offer a 401(k)-type option to future workers in their version of the budget, according to a legislative memo released yesterday.
New York Governor Andrew Cuomo wants to overhaul the state’s tax system, use public-private partnerships to fix infrastructure and legalize gambling as he faces a deficit of as much as $3.5 billion next fiscal year.
New York Mayor Bill de Blasio’s proposal to tax the rich to pay for universal early-childhood education faces obstacles in the state capital in a year when Governor Andrew Cuomo and lawmakers are up for re-election.
Long Beach, the Long Island shore town still reeling almost six months after Hurricane Sandy, is poised to be the first New York city in three years to get permission to sell debt to fill a spending gap.
New York Assembly Speaker Sheldon Silver is calling his chamber’s fellow Democrats to a Dec. 6 meeting in anticipation of a special legislative session on the deficit that may start the following day, according to spokesman Michael Whyland.