{"id":7545,"date":"2013-03-19T15:54:07","date_gmt":"2013-03-19T19:54:07","guid":{"rendered":"http:\/\/blogs.northcountrypublicradio.org\/inbox\/?p=7545"},"modified":"2013-03-21T09:45:57","modified_gmt":"2013-03-21T13:45:57","slug":"afternoon-read-spending-and-going-broke","status":"publish","type":"post","link":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/2013\/03\/19\/afternoon-read-spending-and-going-broke\/","title":{"rendered":"Afternoon read: Spending and going broke"},"content":{"rendered":"
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Not how the state does its revenue gathering, one hopes. Photo: Tax Credits<\/a> CC some rights reserved<\/a><\/p><\/div>\n

New York’s legislature is still hammering out the state budget today, and it doesn’t look likely they’ll be done before tomorrow. But some information’s starting to come out about what New York will be spending its money on in the coming fiscal year.<\/p>\n

It looks like the minimum wage increase is a go, reports WTNY News<\/a>, which says<\/p>\n

New York State’s minimum wage is set to go up in the latest budget deal.<\/p>\n

According to reports the minimum wage in the Empire State will jump from $7.25 an hour to $8.00 an hour in January of 2014. Further increases would see the minimum wage move to $8.75 in 2015 and then $9.00 in 2016.<\/p>\n

A measure to have the minimum wage automatically increase with the rate of inflation has been tabled.<\/p><\/blockquote>\n

Meanwhile, the Albany Times-Union’s Capitol Confidential blog reports that legislators agreed today on various and sundry tax breaks which are tied to the renewal of the “millionaires tax.<\/a>” That tax (a surcharge on those reporting more than $1 million in income, which obviously includes me as a public radio reporter) is due to expire in 2014. It’s not clear whether this renewal will be permanent or will “sunset”, as they say, in another couple years. Assemblyman Sheldon Silver (D-Manhattan) had an excellently noncommittal, and very New York-y response to that question: “I could do everything permanent, I could do everything sunset,” said the assemblyman. Was he shrugging when he said it? I don’t know.<\/p>\n

We, in particular reporter Julie Grant, have reported a lot here on the impacts of state aid to local schools (recently, on eighteen upstate senators coming together to push for more<\/a> state money for school). Today in the Adirondack Daily Enterprise, Chris Knight reports on the Tupper Lake Central School District<\/a>, which said Monday that if it doesn’t get more state aid it may over the next few years become insolvent and have to close its doors. We’ll have more on that story on our air, tomorrow on the 8 O’clock Hour. As board member Jane Whitmore said at Monday’s meeting, “it’s scary times.”<\/p>\n

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