DiNapoli said there's still a chance that Democrats in Congress, including U.S. Sen. and Democratic Leader Chuck Schumer, may restore the federal health care money before the end of the year, filling the potential new
hole in the state budget.
The cuts would leave a multi-billion-dollar
hole in the state budget, and affect New Yorkers who depend on the government to help with their health care.
It appears that vast majority of the new tax will simply be used to shore up
holes in the state budget.
New York, obviously, faces a different situation today as the faltering economy has led to a $ 3.5 billion
hole in the state budget for the coming 2012 - 13 fiscal year, which begins April 1.
Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York's Essential Plan, opening a roughly $ 1 billion
hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.
The latest version of a plan to repeal and replace the Affordable Care Act is now dead in Congress, but New York Governor Andrew Cuomo remains worried about another potential cut in federal funds to hospitals that he says will blow
a hole in the state budget.
The first was an economic collapse that opened a whopping $ 9.2 billion
hole in the state budget.
New York trails other states in modernizing its 911 systems to handle greater cellphone use, in part because lawmakers routinely divert money intended for that purpose and use it to plug
holes in the state budget.
Bill Hammond: «Federal officials have reportedly confirmed that they are cutting off a major portion of funding for New York's Essential Plan, opening a roughly $ 1 billion
hole in the state budget and raising new doubts about the future of a rapidly growing health insurance option for the working poor.»
«Obviously we're a big part of the state and whenever there is a big
hole in the state budget that needs to be filled, we can feel that pinch,» said Freddi Goldstein, a spokeswoman for Mayor Bill de Blasio.
ALBANY — For months, the state has been sounding the alarms on how the repeal of the Affordable Care Act would blow a huge
hole in the state budget.
Governor Cuomo has warned for months that the proposed repeal of the ACA would blow a multi-billion dollar
hole in the state budget, and potentially cost state and local governments and New York's hospitals $ 4.5 billion.
Given that the Collins - Faso amendment would blow a $ 2.3 billion annual
hole in the state budget, Poloncarz said the state might make up for the loss by simply shifting other costs onto the counties.
«The bill means far fewer New Yorkers would have insurance, penalizes those who suffer from pre-existing conditions and potentially punches a big
hole in our state budget,» DiNapoli said in an email to the media.
The latest version of a plan to repeal and replace the Affordable Care Act is now dead in Congress, but New York Gov. Andrew Cuomo remains worried about another potential cut in federal funds to hospitals that he said would blow
a hole in the state budget.
He contrasted the mayor's desire to let the millionaire's tax sunset this year — which he said would blow a $ 5 billion
hole in the state budget — with the mayor's insistence in his State of the City address that the city needed to be able to reduce pension benefits and lay off «more expensive» senior teachers to cut costs.
The measure would have tore a $ 2.3 billion
hole in the state budget, said the governor, leading to a $ 6.9 billion deficit over four years when paired with other cuts.
He also demanded an end to the Albany practice of siphoning transit funds to fill
holes in the state budget — a maneuver that has so far totaled $ 270 million.
According to Hudson Valley Congressman Sean Patrick Maloney, who spoke on WAMC's Congressional Corner Thursday, the proposed bill taking $ 880 billion out of Medicaid would blow
a hole in the state budget.
The first is around some of the overblown rhetoric going around right now (epitomized by this David Brooks column that was Klein's inspiration in the first place) suggesting that public - sector defined benefit pension plans are causing massive
holes in state budgets.
Critics say it will blow a major
hole in the state budget in the near term.
In Washington state, Gov. Jay Inslee (D) has proposed a $ 25 - per - ton carbon tax to help plug
a hole in the state budget (Climatewire, Dec. 14, 2016).
That would have prevented the current problem of blowing
a hole in the state budget.
Not exact matches
More than five years after the Great Recession tore a giant
hole in their
budgets, most
states have made big progress
in stabilizing their finances.
The free schools
budget is out of control and the Secretary of
State would rather sink another # 800 million into the black
hole, rather than rein
in spending.»
The
state's Essential Plan, which covers low - income New Yorkers, is projected to run a hefty surplus, which Cuomo is using to plug
holes elsewhere
in his
budget.
New York is short $ 4.4 billion, and there's uncertainty over federal policies, including the overhaul of the tax code, that could leave the
state with even a bigger
budget hole in the future.
The end of the cost - sharing subsidies would open an almost $ 1 billion
hole in the
budget of the
state - operated Essential Plan, an optional benefit under Obamacare that was exercised only by New York and Minnesota.
«Recent
state budgets advanced by the Governor and approved by the Legislature have improved the long term picture for counties, but
in the short term counties have a deep
hole to climb out of.
By keeping
state operations spending growth at 2 percent, the budget hole is closer to $ 1.8 billion.As expected, the governor tucked into the budget non-monetary initiatives, such as new sexual harassment policies, the codification of abortion rights in state law and methods for New York to participate in «early voting,» all of which he touted in his Jan. 3 State of the State add
state operations spending growth at 2 percent, the
budget hole is closer to $ 1.8 billion.As expected, the governor tucked into the
budget non-monetary initiatives, such as new sexual harassment policies, the codification of abortion rights
in state law and methods for New York to participate in «early voting,» all of which he touted in his Jan. 3 State of the State add
state law and methods for New York to participate
in «early voting,» all of which he touted
in his Jan. 3
State of the State add
State of the
State add
State address.
What started out as a small, off -
budget, temporary surcharge on insurance to help pay for charity care, hospital debt and graduate medical education as New York hospitals deregulated
in the late 1990s, has ballooned over 19 years into a multibillion - dollar all - purpose revenue fund that supports dozens of public health programs, and plugs billion - dollar
holes in the
state's general
budget.
This year there is a huge multibillion - dollar
hole in the
state's
budget.
The Gap Elimination Adjustment (GEA) has created a widening gap between Syracuse and the wealthier school districts
in New York, even though was implemented
in the 2010 - 11 school year during the recession
in order to alleviate the
hole in the New York
state budget, according to New York State United Teachers, a teachers» union in the s
state budget, according to New York
State United Teachers, a teachers» union in the s
State United Teachers, a teachers» union
in the
statestate.
Cuomo has long warned that deep cuts to federal health care spending could rip huge
holes in the
state's
budget and devastate health care coverage for New Yorkers.
State lawmakers» growing frustration with the
holes Gov. Andrew Cuomo left
in his 2011 - 2012
budget proposal was on display at this morning's joint legislative hearing on economic development, which produced a frosty — albeit polite — exchange between Assemblyman Jeff Aubry and outgoing ESDC Chair Dennis Mullen.
After you subtract $ 23 million for the current fiscal year (a number that does not, for the record, fit with
state Comptroller Tom DiNapoli's projection of an up to $ 1 billion
hole in the current
budget), that leaves a two - year General Fund surplus of $ 415 million.
The House GOP plan to repeal and replace Obamacare could cost already cash - strapped NYC hospitals hundreds of millions of dollars and potentially blow a multi-billion dollar
hole in future
state budgets, officials said.
Business groups are questioning the Wisconsin Department of Transportation's plan to plug a looming $ 680 million
hole in the
state's road
budget.
State Senator Neil Breslin appeared with Assembly members Pat Fahy and John McDonald, in a show of support for Mayor Sheehan, who implored all city residents, state workers and politicians to blitz state lawmakers in a fund drive of epic proportions to not only land the $ 12.5 million to plug the hole in Albany's budget, but also fix funding formulas so the mayor never needs to pick the tin cup a
State Senator Neil Breslin appeared with Assembly members Pat Fahy and John McDonald,
in a show of support for Mayor Sheehan, who implored all city residents,
state workers and politicians to blitz state lawmakers in a fund drive of epic proportions to not only land the $ 12.5 million to plug the hole in Albany's budget, but also fix funding formulas so the mayor never needs to pick the tin cup a
state workers and politicians to blitz
state lawmakers in a fund drive of epic proportions to not only land the $ 12.5 million to plug the hole in Albany's budget, but also fix funding formulas so the mayor never needs to pick the tin cup a
state lawmakers
in a fund drive of epic proportions to not only land the $ 12.5 million to plug the
hole in Albany's
budget, but also fix funding formulas so the mayor never needs to pick the tin cup again.
A
state - funded capital construction program added on as a patch
in the
state budget to offset that
hole in the waiver is a start, but it's just $ 1.2 billion, spread over seven years, and there are a lot of institutions
in competition for a piece of it, Hannon said.
Of the proposal to create special tax districts on developments near transit expansions, an idea known as value capture, Mr. de Blasio said such a move would «blow a
hole in the city's
budget» and allow the
state to raid the city's property tax revenue, forcing him to cut back on vital services such as education or public safety.
ALBANY — If the
state is going to kick
in to plug a
hole in the city of Albany's
budget, so too should the city's nonprofit institutions.
New York is dependent on federal Medicaid funds to help insure more than 2.5 million people, according to the governor's office, and it could blow as much as a $ 3.7 billion
hole in the approximately $ 130 billion
state budget.
While the executive proposal includes $ 200 million
in funding to address the opioid crisis, it does not prevent the
state from using the existing funds designated for these programs to plug other
holes in the
budget, according to Bill Hammond, health policy analyst at the Empire Center for Fiscal Policy, a conservative - leaning think tank.
New York finally got some good news from Congress on Wednesday when the Senate pushed forward $ 2.6 billion
in aid for the
state, after two months of lost votes on the issue threatened to blow big
holes in local and
state budgets.
State Comptroller Tom DiNapoli concurs that the Obamacare repeal bill, if it were to pass the U.S. Senate and become law, would «punch a big hole» in the state budget and means that «far fewer New Yorkers will have insurance.&r
State Comptroller Tom DiNapoli concurs that the Obamacare repeal bill, if it were to pass the U.S. Senate and become law, would «punch a big
hole»
in the
state budget and means that «far fewer New Yorkers will have insurance.&r
state budget and means that «far fewer New Yorkers will have insurance.»
And the governor said he is not concerned at this point about some claims that President Trump's efforts to reform the federal Affordable Care Act will blast a major
hole in the
state's
budget because of a change
in federal reimbursement formulas.
Without this tax on the
state's wealthiest residents, a huge
hole will be blown
in the
state budget.
And yet the city remains trapped
in a cycle of begging the
state for money every year to patch
holes in its
budget.
The Minority Caucus's resolution
states that the proposed bill acts as a «cash grab to plug a
hole in the New York
State budget as an alternative to cutting spending.»