Sentences with phrase «settlement money the state»

Now she has another idea for funding: settlement money the state has received from legal actions against banks and other corporations.

Not exact matches

Last year, the state asked Zenefits for a settlement fine of up to $ 97,000 with 24 months of probation, unless it began charging money for its software.

«Since 2006, more than a dozen banks have reached settlements with the Justice Department (United States) as restitution for violations related to money laundering.

And, as United States Attorney from the Eastern District of New York, she was involved in two high profile financial fraud cases, one in which Citicorp paid $ 7 billion in settlement for its role in the mortgage - backed securities fraud, and one in which HSBC paid $ 1.7 billion and took a deferred prosecution agreement for facilitating money - laundering.

Potential changes to the state's harassment policies include proposed bans on taxpayer money to settle complaints and an end to confidential settlements as long as the survivor's identity is protected.

A liberal former state lawmaker (Richard Brodsky) and a conservative fiscal watchdog (EJ MCMahon) have joined forces — calling on the state to redirect billions of dollars in unspent legal settlement money to help fix the subways.

State Attorney General Eric Schneiderman has reached a settlement with what he termed a «shell» breast cancer charity that was raising lots of money but keeping 92 percent of the proceeds rather than administering medical care.

The Assembly, Senate and Gov. Andrew Cuomo have proposed reforms to how the state handles sexual harassment cases, which include measures ranging from bans on confidential settlements as well as money for the Joint Commission on Public Ethics to review allegations and a goal of creating a uniform policy for handling cases.

NEW YORK (Reuters)- Half of the money spent so far from New York state's $ 10 billion in legal settlement windfall has gone to support the state budget rather than the capital projects for which it should be used, the state's chief fiscal watchdog said on Friday.

And the comptroller pointed out that the Cuomo administration is moving items off - budget — such as $ 125 million in Tobacco Settlement money, which will go toward Medicaid costs, and $ 100 million from the State Insurance Fund to help pay workers compensation costs.

Cuomo says this project will draw on the $ 5 billion pool of settlement money that has enriched state coffers.

Half of the money spent so far from New York state's $ 10 billion in legal settlement windfall has gone to support the state budget rather than the capital projects for which it should be used, state Comptroller Tom DiNapoli said.

Other state legislators on both sides of the aisle were surprised by the amount of public money spent on the settlements.

In his State of the State speech this month, Gov. Andrew M. Cuomo called for banning the use of taxpayer money to settle sexual - harassment claims involving all government entities and some private companies and to require public disclosure of the settlements.

«This agreement returns money to thousands of consumers in New York and across the nation who believed they were buying items at the price advertised on television but ended up with extra merchandise and hidden fees they didn't bargain for,» said state Attorney General Eric Schneiderman, who worked with the FTC on the settlement.

The full bill, which can be read here on the State Assembly website, in addition to providing new contribution limits and enforcement rules, also stipulates that the public campaign fund would be partially financed with money from Wall Street fraud settlements.

While cases began flowing to Weitz through Silver — and, ultimately, according to prosecutors, case settlement money into Silver's pocket — Taub said Chill told him that Silver was pleased with the referrals and helped Taub draft letters to Silver asking him for direct assistance from the state to help fund research.

The Environmental Advocates of New York on Friday called on the state's elected leaders to use $ 117 million in settlement money from Volkswagen to implement a decade - old law aimed at reducing diesel emissions in New York.

New York state is due to receive more than $ 600 million from the settlement, with the money being deposited next week — just in time for lawmakers and Gov. Andrew Cuomo who are hashing out a $ 142 billion budget.

The money is yet another major settlement for the state's top banking regulator, which has helped swell New York's coffers over the last several years.

The settlement money is added to a $ 5 billion pile that Cuomo has already proposed be spent on the state's Thruway Authority as well as help build the Tappan Zee Bridge replacement.

Newsday opines on the «must haves» in the state budget for Long Island, including «our fair share» of the $ 5.4 billion (and growing) financial settlement money.

Megna writes in the letter that because of the one - shot nature of the cash infusion (the state is receiving the money from financial settlements with major banks), the spending can't be used for recurring expenses.

The state comptroller says the $ 5 billion in extra money that New York is reaping from the bank settlements should not be viewed as a surplus, and should not be spent as though there will be more money coming in the future.

State Comptroller Tom DiNapoli says the $ 5 billion - plus pot of money due to settlements with banks and other financial institutions over alleged wrongdoing in the Wall Street crash should not be looked at as a budget surplus.

Astorino says he'd use money from the state's $ 5 billion dollars windfall surplus from Wall Street settlements to offset tolls.

BUFFALO, N.Y. — While the state considers a proposal to prohibit using taxpayer money for sexual harassment settlements, an Erie County legislator said there's no reason for local governments to wait.

New York state is sitting on a more than $ 5 billion budget windfall that it received from several recent bank settlements, but has yet to decide what to do with that money.

Execs at a Brooklyn - based finance firm that fronts people cash against potential legal settlements have been spreading their own money around in Albany — with state Attorney General Eric Schneiderman...

But it remains unclear how the state will ultimately pay for the project in the long run, though a mix of federal loans and grants, along with state financing and windfall settlement money has been mentioned.

Looming over the talks is dwindling bank settlement money that added more than $ 8 billion to the last two state budgets.

Still, DiNapoli found the state's fiscal picture is in increasingly improved shape given strong tax revenue and money from legal settlements.

Though more money, $ 3.3 billion, came into the state coffers in August compared to this time last year, the state is relying on one - time revenues from tax settlements to shore up its budget.

But Republicans in the state Senate continue to be opposed to a program that uses either taxpayer dollars or even settlement money from lawsuits.

Wabba who stated that with the second tranche of the money about to be released, the government at the centre should muster the will to audit states to ensure that the first release was judiciously spent for the settlement of outstanding salaries, pension and gratuity.

As the state grapples with a $ 3.5 billion budget gap for the fiscal year that starts April 1, how $ 9 billion worth of settlement money from 22 Wall Street entities that first arrived in 2014 is being spent is again drawing scrutiny and criticism.

Some of that money is to come from the more than $ 5 billion the state has received from settlements with banks that violated financial regulations.

Initially it was following a scandal during which Silver helped broker a deal to use state money to pay a settlement to women who alleged Assemblyman Vito Lopez sexually assaulted them.

State Comptroller Tom DiNapoli says the $ 5 billion dollar plus pot of money due to settlements with banks and other financial institutions over alleged wrongdoing in the Wall Street crash should not be looked at as a budget surplus.

SYRACUSE, N.Y. — A thousand Syracuse students will go to college each year through an unprecedented move by New York state to spur economic development through free tuition using money from settlements with financial institutions.

The state GOP circulated a petition last week urging supporters to back Silver losing his leadership post over his role in negotiating more than $ 132,000 in settlement money for the alleged sexual harassment victims of Assemblyman Vito Lopez.

Passing of this referendum does not impact the settlement agreement but instead adds money to already cash strapped school districts in need of state dollars.

Beyond that, Milstein said the remainder of mortgage settlement money should go toward helping the homeless, including through a New York / New York IV program that would spend $ 183 million to fund 5,000 new supportive housing units across the state.

His statement Tuesday also included plans to outlaw sexual assault or harassment confidentiality agreements in public entities, establish a whistleblower process in state and local governments and prevent taxpayer money from being used to pay for sexual assault or harassment settlements, among other things.

Cuomo raised eyebrows and embarrassed DiNapoli as he announced a series of multimillion - dollar settlements in the state pension - fund scandal and then disclosed that his office was looking into the comptroller's role in meeting with politically connected companies seeking control over the investment of pension - fund money.

Aside from that money, Mr. de Blasio called for the state to boost the city's share of education funds as called for by Campaign for Fiscal Equity lawsuit settlement.

Heastie, speaking after a budget meeting with the Senate, said Assembly Democrats would rather see the bank money settlements go towards helping to off - setting rising tuition at state run colleges and universities.

There are unfunded mandates and lack of aid from the state, and while he has provided more money for education, it is less than the Campaign for Fiscal Equity settlement [the 2006 court ruling requiring the state to pay billions in backpay to shortchanged school districts]... When [Assembly Speaker Carl] Heastie proposed a slightly progressive income tax, he just rejected it.

He put forward a $ 20 billion plan, supplemented with money made from state court settlements, to build 100,000 units of permanent housing and 20,000 supportive housing units over the next decade and a half.

Silver helped broker a deal in which women who alleged sexual assault by Lopez were paid state money as a settlement.