Cuomo administration developing plan for $4.2 billion windfall

[hrmjustin]

Jon Campbell


Gov. Andrew Cuomo’s administration is putting together a plan to spend a $4.2 billion windfall that could include funds for “one-time capital expenses”—such as the Tappan Zee Bridge.

SUNYThe state has already received $3 billion in settlement payments from insurers and banks since the state’s $138 billion budget was passed in March, according to a quarterly update released Monday by Cuomo’s budget office.

With another $1.2 billion on the way before the state’s next fiscal year begins in April 2015, Cuomo’s office is considering a number of options for spending the cash. All told, the state anticipates ending the current fiscal year with $6.2 billion in cash on hand, according to the budget update.


http://polhudson.lohudblogs.com/2014/08/04/cuomo-administration-developing-plan-for-4-2-billion-windfall/

[hrmjustin]

1. $4.2B extra, so now what?

http://m.timesunion.com/local/article/4-2B-extra-so-now-what-5668267.php

[hrmjustin]

2. Westchester legislature votes to borrow $5 million for road repair

http://polhudson.lohudblogs.com/2014/08/05/westchester-legislature-votes-to-borrow-5-million-for-road-repair/

[hrmjustin]

3. Cuomo: Surplus Could Be Spent on Infrastructure, Education Or Tax Cuts

http://www.nystateofpolitics.com/2014/08/cuomo-surplus-could-be-spent-on-infrastructure-education-or-tax-cuts/

[hrmjustin]

5. Enviros to Thruway: Be smart, turn down $256M in cheap loans

http://blog.timesunion.com/capitol/archives/218117/enviros-to-thruway-be-smart-turn-down-256m-in-cheap-loans/

[hrmjustin]

4. Andrew J. Hawkins: 'Sizable' settlements leave NYS with $6.2B windfall

http://www.crainsnewyork.com/article/20140804/BLOGS04/140809967/sizable-settlements-leave-nys-with-6-2b-windfall

[hrmjustin]

6. Cuomo: $120M Finger Lakes project starts this year

http://www.syracuse.com/news/index.ssf/2014/08/cuomo_120m_finger_lakes_project_starts_this_year.html#incart_river

[hrmjustin]

7. NY to invest $14M to promote stem cell education

http://hosted.ap.org/dynamic/stories/N/NY_STEM_CELL_EDUCATION_NYOL-?SITE=NYMID&SECTION=HOME&TEMPLATE=DEFAULT

[hrmjustin]

8. Unshackle Upstate: Invest In Infrastructure

http://www.nystateofpolitics.com/2014/08/unshackle-invest-in-infrastructure/

[hrmjustin]

9. NY gets $1.7 million in drug settlement

http://online.wsj.com/article/APcf870b1e75b945c892920d4d0a14be17.html?mod=WSJ_NY_LEFTAPHeadlines

[hrmjustin]

10. Guy Cosentino: Easy to spend $4B in an election year

http://auburnpub.com/news/opinion/columnists/guy_cosentino/cosentino-easy-to-spend-b-in-an-election-year/article_34caf3cf-a3b9-544e-800b-c7019032780b.html

[hrmjustin]

11. Advocates call on state leaders to put portion of budget surplus towards school aid

http://www.troyrecord.com/social-affairs/20140808/advocates-call-on-state-leaders-to-put-portion-of-budget-surplus-towards-school-aid

[hrmjustin]

12. What to do with a $4.2 billion windfall? Local and state officials offer their suggestions

http://www.fltimes.com/news/article_d5ac6274-2032-11e4-92d8-0019bb2963f4.html?mode=jqm

[hrmjustin]

13. editorial: Tolls on the new Tappan Zee bridge are still a state secret

http://www.recordonline.com/apps/pbcs.dll/article?AID=/20140810/OPINION/408100309/-1/OPINION02

[hrmjustin]

14. editorial: Use surplus to restore education funding cuts

http://www.thedailynewsonline.com/opinion/article_f22bfd14-2100-11e4-acfe-0019bb2963f4.html