While there is currently no consensus on how large a state rainy day fund should aim to be, bonding agencies and
state budget officials generally target 5 percent as the appropriate amount.
State budget officials say the PFM Group report provided recommendations to address these obstacles and wean the city off additional state funding.
Tax officials in a few states said they do not track individual tax payments,
though state budget officials typically follow total quarterly tax payments by the rich to make sure revenue projections hold up.
Gov. Andrew M. Cuomo's former confidante Joseph Percoco
pressed state budget officials in 2015 to free up funds for a project of two Syracuse developers accused of bribing him, according to emails introduced Thursday at Percoco's corruption trial in Manhattan federal court.
State budget officials have estimated that Empire Zones will cost the state another $ 726 million from 2014 through 2017, budget documents show.
Joseph Percoco pushed for money for a New York film hub,
a state budget official testifies at the ex-aide's corruption trial.
The new tax would bring in $ 75 million this year and $ 150 million a year for the next three years, according to
state budget officials.
Neighboring Massachusetts is embroiled in its own casino dilemma - House Speaker Robert DeLeo says
state budget officials and lawmakers would have to make some «tough decisions» if voters repeal the casino gambling law in November.
The administration is working with major accounting firms to work within the federal law and exploit loopholes,
the state budget official said.
Here, in theory, is how
a state budget official and tax policy professors said it could work: An employee and an employer would have to agree to lower an employee's annual wage by the amount that employee would normally pay in state income tax.