The editorial pointed out that the cost of $ 41 million per
year for public financing could easily be covered by one fewer tax break for a big developer.
Not exact matches
France,
for example, is expected to exit this
year the European procedure
for «excessive deficit»
for the first time in a decade as its
public finances come within the rules.
Three consortia have been shortlisted to come up with detailed proposals
for Western Australia's first
public private partnership
for schools, with the winner to design, build,
finance and maintain eight new
public schools over 25
years.
Until more details are provided by the Department of
Finance and / or contained in the upcoming
Public Accounts, it is difficult to assess what impact the higher - than - expected deficit outcome
for 2011 - 12 will have on the deficit outcome
for 2012 - 13 and future
years.
The only time this has happened in history
for a three
year period or more was during World War II, when we were obviously printing enough money to
finance a lot of deficit spending on infrastructure and
public programs.
Mr Fretwell has been a lawyer
for over 25
years, providing corporate
finance and securities law advice to publicly traded companies and to private companies proposing to go
public.
Nicol noted the
Finance Department's latest fiscal monitor, also made
public Wednesday, shows Canada posted a $ 3.95 - billion surplus
for April and May — the first two months of the 2015 - 16 fiscal
year.
Edwards, a candidate
for the Democratic presidential nomination in 2008, was found not guilty of campaign
finance violations in 2012 after a donor paid $ 1 million to keep knowledge of Edwards's out - of - wedlock child from becoming
public the
year before his presidential bid.
 The Harper government's decision last
year to write off every penny of the auto aid and thus build it all into last
year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the budget on the revenue side. Jim Flaherty has learned from past
Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news»
for Ottawa in the
years to come (depending on the ultimate worth of the
public equity share).
After interviewing some former Irish terrorists and seeing the carnage they wrought, Burleigh can not understand why so many clergymen came to their aid, why so many Irish Americans toasted and
financed their activities
for years, and why movie scriptwriters continue to mislead the
public: «Hollywood contributes its quotient of surreal movies about nobly moody Irish terrorists allegedly facing agonizing moral dilemmas, rather than the reality of intimidating drunks cutting people's throats....
Kokusai Green initially set a price of $ 230 million, according to Wayne,
for the team and its 40 -
year sweetheart lease with the Ice Palace, which finally opened in 1996, thanks to
public financing.
If the main official national records that purport to offer an authoritative picture of the state of the
public finances (
for instance, PESA and the Local Government Financial Statistics) can not even be compared from
year to
year by experts, where should we turn?
Lawmakers and Gov. Andrew Cuomo in 2014 backed a
public financing system
for the comptroller's race that
year, intended as a pilot program of sorts.
Now that the world economy is faltering (slow growth could be the new normal
for many
years to come) his gamble that rising GDP would finish the job of mending the
public finances looks unlikely to come off.
An administration source earlier today said the governor was open to statewide
public financing system that would take effect next
year, and be phased in
for open - seat elections where no incumbents are running.
The impression that I have gained from the
public and from business people is that Britain has had its fill of Osbornics
for this
year and it is time to put business rather than high
finance on the agenda.
As various proposals
for a broader
public financing system are floated, members of the mainline Democratic conference in the Senate, as well as advocates that have pushed the measure over the
years, are telegraphing they won't support any agreement they deem watered - down.
They say Governor Cuomo failed to deliver on the
public campaign
finance package he has been promising
for four
years.
The
public campaign
financing system in this
year's budget is not really what anyone was hoping
for.
Public financing supporters were upset by the compromise in this year's budget agreement that sets up a public financing system for the state comptroller's race
Public financing supporters were upset by the compromise in this
year's budget agreement that sets up a
public financing system for the state comptroller's race
public financing system
for the state comptroller's race only.
The $ 138 billion budget
for the 2014 - 15 fiscal
year applies a
public financing system, but only
for the state comptroller's race.
The 2014 - 15 state budget agreement in March included a
public financing program
for the state comptroller's race
for this
year only.
Last
year, a
year - long
public financing program
for the state comptroller's race was created in the budget.
Democrats in the majority there have favored a number of reforms, including
public financing of campaigns,
for many
years.
Cuomo's proposal
for campaign
finance reform, which did not pass this
year, would have created a system of
public financing.
DiNapoli has championed
public campaign
financing, but won't participate in a pilot
public financing system authorized
for the comptroller's race this
year.
Good government groups have
for years complained that New York's campaign
finance laws make it difficult
for the
public to determine the actual source of campaign dollars, whether due to the so - called «LLC loophole» — which allows business interests that control a network of subsidiaries to vastly multiply their political giving — or corporate formation laws that allow companies to obscure the individuals and other businesses behind them.
He has listed
public campaign
finance as a goal
for several
years, but has so far not been successful.
The change is expected to have implications
for public campaign
financing and other reforms left on the table at the end of this
year's session.
Among the many provisions in the bill: end outside employment
for lawmakers, ban per diem limits and dramatically tighten campaign contribution limits, restrict contributions by lobbyists, create a
public financing system, and provide
for a substantial salary increase
for legislators while extending their terms from two
years to four
years.
Two Democratic victories would be necessary to (perhaps) assemble the votes
for a system of
public campaign
finance, which Cuomo has been advocating
for in the face of Republican resistance (slightly disingenuously, some charge)
for several
years.
After 10
years of unsustainable increases in
public spending, the Labour Government has now been forced by the state of the
public finances to adopt exactly this policy
for the three
years until 2010 - 11.
His run
for speaker began two
years ago and the Manhattan Democrat even eschewed the Campaign
Finance Board's
public matching funds program, which would have limited his expenditures.
The governor and legislators agreed to try out a system of
public campaign
financing with this
year's race
for state comptroller.
The governor also called the commission a «phenomenal success»
for drawing interest to unseemly behavior and prompting legal changes earlier this
year, including tougher enforcement at the State Board of Elections and a pilot program
for public campaign
finance.
[From The WSJ] John Liu, a former New York City comptroller who ran unsuccessfully
for mayor last
year, accused the city Campaign
Finance Board in a federal lawsuit of unlawfully denying his campaign millions of dollars in
public matching funds.
In return, Mr. Schneiderman's plan calls
for altering the state constitution to extend terms from two
years to four, establishing
public financing of campaigns reminiscent of New York City's matching funds system, and increasing politicians» salaries to as much as $ 174,000 a
year.
Despite the severe constraints of our
public finances, which have resulted from
years of mismanagement and corruption, Government has contributed US$ 10 million as seed money
for the Plan.
This
year, both major party candidates
for governor, incumbent Democrat Dannel Malloy and Republican Tom Foley, qualified
for public financing and each has received more than $ 6.5 million to spend on the general election.
ALBANY — State budget bills printed late Friday include
public campaign
financing for just one political office this
year: The state comptroller, something good government advocates balked at as an overall failure to accomplish comprehensive campaign
finance reform.
She also told the New Paltz Times that what prompted her to run was, among many disappointments in Cuomo's record the past four
years, «when he did not support
public financing of elections this spring: something he promised to do when he ran
for governor.»
The Assembly has been passing a New York City - style system of
public campaign
financing for years, and it has been a major piece of the Senate Democrats» agenda.
In fact, whatever else he may achieve in his pursuit of the presidency, the former Louisiana congressman and governor may be remembered as the last presidential candidate to ever receive federal matching funds; the very fact that he is the only candidate seeking and collecting those funds this
year prima facie evidence that the
public financing system
for presidential elections is already functionally dead.
The mailer in the Nassau County Senate district touts Cronin's proposals, including term limits
for state lawmakers, campaign
finance reform measures such as closing the LLC loophole, boosting penalties
for corruption and support
for stripping
public officials of their pensions if they are convicted of corruption — the latter of which is now up
for second passage in the Legislature next
year as a constitutional amendment.
In Governor Cuomo's State of the State address, he announced his strong support
for what could be the nation's most important reform this
year:
public financing of elections in New York State!
The Comptroller's race has the option of a pilot program
for public campaign
financing, under a budget deal reached earlier this
year.
A 60 - second TV ad released by advocates
for public financing on Wednesday uses a speech Gov. Andrew Cuomo last
year pitching the measure.
With
public financing and the alignment of the governor with the legislature, Connecticut passed mandatory paid sick days, increased the minimum wage, adopted an Earned Income Tax Credit, passed in - state tuition
for undocumented students, and reversed a nearly 30 -
year trend that gave bottle deposits back to distributors and redirected the money to
public programs.
The Assembly has long backed
public matching, the most recent example being last
year when Silver introduced a plan that's now touted by the coalition of groups pushing
for a broad campaign
finance overhaul.
To turn New York's
finances around, Cuomo is pushing
for a cap on state spending and a freeze on state taxes and
public employee salaries as part of a one -
year emergency financial plan.