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.
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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