Sentences with phrase «windfall budget surplus»
New York state will begin 2015 with the largest one - time windfall budget surplus since the end of World War II, due to settlements with major banks after the financial crisis.
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New York State will begin 2015 with the largest one time windfall budget surplus since the end of World War II, due to settlements with major banks after the financial crisis.
Not exact matches
One of the biggest questions heading into New York's fiscal 2016 Executive Budget presentation was how Governor Andrew Cuomo would choose to allocate an unprecedented, one - shot $ 5.4 billion windfall «surplus» originating with fines and penalties collected from financial institutions.
The state Division of Budget on Monday estimated the state will end the current fiscal year with a $ 6.2 billion surplus, according to the first quarter financial plan that outlined the impact of the major windfall financial settlements.
Cuomo this month unveiled a $ 142 billion budget plan that includes sending $ 1.3 billion of the state's $ 5.4 billion windfall surplus from financial settlements to the Thruway Authority, which is charged with building the new bridge.