pressure for additional cuts, pressure for restoration of big ticket items not related to housing, where will the money come from?  …  a stand off

Today is Friday, 4/23 and NO progress on the NYS Budget to report. Sorry for scant postings, but as soon as we know something we promise to post it! Another budget extender for the week.

View the slide show on youtube !

ALBANY, NY (04/08/2010)(readMedia)– Governor David A. Paterson today announced the appointment of Brian E. Lawlor as Commissioner of the State Division of Housing and Community Renewal (DHCR), and CEO and President of ‘nyhomes,’ which includes the State’s Housing Finance Agency (HFA) and the State of New York Mortgage Agency (SONYMA).

Have you had a chance to visit with your state legislator at home? Staffers in Albany have been holding down the fort. How long can they resist the pressure to cut the preservation program?  The longer the new budget delays, the harder it will get to “defend” as the fiscal condition worsens every day

In an effort to get something on the table before the legislative recess, the Assembly and Senate have made their opening position on the State budget known.  We still don’t know how the numbers will be negotiated or who will be doing the negotiating.

Both the Assembly and the Senate have informed us of their intentions to restore the NPP and RPP program to “post DRP” funding.  Given the current state of the economy, that is full restoration.

We believe that staff will continue to work on the budget and it will go very quickly once the legislators return after the break.  In the meantime, the cash behind this budget needs to be found!  Otherwise look for more DRP cuts!

Now both the State Assembly and State Senate will conference to hammer out a state budget. Perhaps more or less on time.  Details as they become available.  There will continue to be pressure from all interest groups until a budget is completed. Let your voice be heard!

The Senate Committee’s Financial Reform bill was passed in committee and sent to the full Senate on Monday. “A watered-down bill could be easier to move through the Senate, and certainly would be welcomed by bank lobbyists. But weak reform would be worse than no reform, because it would entrench the status quo under the guise of change.” See Real Reform in an Election Year

Little in the way of additional money for the Preservation Program– still to be negotiated with the Assembly

Update- Senate proposed restoration for Rural Rental Assistance; should be adequate. THANK YOU!

Preservation Program, only restored $632,000 for BOTH RPC and NPC. Some thought this was enough to get us to the amount after the DRP cuts last year. Not so. Not at all. (UPDATE) We have been told however, that it is their intention to fund us at post DRP levels- the funding preservation companies currently have. That would be full restoration to their estimation.

NY Daily News report of 3/22/10

The state Senate is preparing to pass a budget plan that includes nearly all of Gov. Paterson’s deep health and education cuts – but almost no new taxes or fees, Democratic sources said Sunday night.

There really is no money. They have told us they will try but… The Pain

It’s not just RPC and NPC that do the budget dance every year, and it is really getting tough to find the cash to restore funds in New York State