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Governor Cuomo's Budget Closes $10 billion deficit without Raising Taxes

By
Real Estate Agent

Capital Building- Albany

 

New York Governor Andrew Cuomo released his 2011-12 Executive Budget yesterday. The proposed budget closes a $10 billion deficit without raising taxes or borrowing, honoring a campaign promise.

Kudos to the Governor for seeking to change these spending practices that take no account of actual costs or the quality of the services provided. 

In addition, the Governor’s Executive Budget calls for nearly a $1 billion reduction in Medicaid spending and a $1.5 billion reduction in education spending from last year’s spending levels.  The impact of these reductions as well as others in the budget will be difficult for all New Yorkers. However, we can no longer spend beyond our means. 

The Governor will need support to reduce government spending, to hold the line on taxes and to bring about fiscal practices that produce structurally-balanced budgets for years to come. 

To generate the public support necessary to adopt the Governor’s budget go to the REBNY Action Center (http://www.rebnyactioncenter.com/) to contact your elected officials and to express your support for Governor Cuomo’s 2011-12 Executive Budget. 

REBNY and a handful of members have played a vital role in supporting the “Committee to Save New York”.   The advocacy of REBNY and the Committee for a budget that matched spending with revenue without raising taxes was an important factor in the fiscally responsible budget presented by the Governor.

This budget battle will continue to require the necessary resources that would enable the Governor to prevail on this crucial issue important to our industry and our state.

 

REBNY (Real Estate Board of New York) Member logo

Below is a link to NY Post Op Ed written by the Governor

New York Post: Gov on 'deficit' deceit

By ANDREW CUOMO February 1,2011

 

 

courtesy of:

Mitchell Hall, Associate Broker, The Corcoran Group

 

 

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Comments (10)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Mitchell:  Being from Illinois, I understand all too well the terrible problems of a deficit-ridden government.  Tough calls to make ... but as you say, we must start somewhere.

Gene

Feb 03, 2011 01:45 PM
Steve Shatsky
Dallas, TX

Hi Mitchell... it's like I always tell people... we can have anything we want as long as we are willing to pay for it!

Feb 03, 2011 02:25 PM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

New York is in tough shape generally.  Westchester is having its issues as well.  I was just talking about it to a friend of mine.

Feb 03, 2011 03:41 PM
Peggy Hughes/pha logistix, inc.
pha logistix inc - San Francisco, CA
SF NYC LA

Can Governor Cuomo send some pointers out West to Gov. Jerry Brown in California? 

Feb 03, 2011 03:46 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mitchell,

Sounds like a good plan, I echo Peggy here, Mr. Brown needs all the help he can get.  Thanks for sharing this, it is inspiring to read. A

Feb 03, 2011 06:32 PM
Mike Saunders
Retired - Athens, GA

Mitchell - it is good to see a democratic governor doing this. I hope he is able to convince the public employee unions to see the light and agree to work with him to resolve the uncontrollable pension issues.

Feb 04, 2011 12:17 AM
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Hi Gene, So far the new Governor is honoring his campaign promise. It's a start. Thanks for stopping by.

Hi Steve, Everything needs to be paid for. Different constituents want different things.

Hi Ruthmarie, Downstate is in much better shape and has a stronger economy than upstate.

Hi Peggy, California prospered the last time he was Governor. Maybe he needs to sleep on a mattress on the floor again.

Hi Alexandra, If I recall when Brown took over from Reagan he was much more of a fiscal conservative than Reagan. I believe California had the biggest surplus in the states history last time Brown was Governor. In the past he refused all the perks and privileges of the office and lived modestly. Hopefully he can do it again.

Feb 04, 2011 12:31 AM
Mitchell J Hall
Manhattan, NY
Lic Associate RE Broker - Manhattan & Brooklyn

Hi Mike, He is saying we need fundamental reform in the budget system that allows us to recalibrate spending this year to a sustainable level and replace "the special interest protection program" of automatic, unrealistic increases". I'm hoping we can have real reform in Albany.


Feb 04, 2011 12:44 AM
Margaret A. McMullen
Keller Williams, Westchester County, NY - Bedford, NY

Thanks for the link!  For those of you who have not yet supported the budget in writing, this link makes it very easy to send your message taking less than one minute of your time.

Margie

Feb 04, 2011 12:49 AM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

Upstate is a mess - but we are still downstate.  However the cuts are going to be difficult to handle.

Feb 04, 2011 03:59 PM