NYPTA Fall Conference

November 19

Albany New York

Weingarten, Reid & McNally, LLC

The Experience to

Make Your Voice

Heard

What We doWe work to achieve NYPTA’s priorities through a combination of tools including:

Professional lobbying Coalition building Grassroots advocacyMedia effortsPolitical actions

Democrats Sweep StatewideAndrew Cuomo wins

Gubernatorial election with 62% of the vote

Eric Schneiderman wins Attorney General election

with 55% of the vote

Tom DiNapoli wins Comptroller election with

50% of the vote“They were trying to exploit the fear. They were trying to exploit the anger. They didn’t just do it in New York, they tried all around the country. But they tried it here, too.” –Governor-elect Andrew Cuomo

In January, Assembly Speaker Sheldon Silver is Expected to Head a Slightly Smaller Democratic Majority in the History of the Assembly with approximately 100 Seats.

The continued dominance of the Assembly Democrats leaves the Assembly Republicans with limited influence and voting power in the house.

New York State Assembly

New York State Senate2009-2010

32 Democrats30 Republicans

2010-201230 Republicans

29 Democrats3 Undecided Elections

Craig Johnston(D) vs. Jack Martin-R (7th District)Suzie Oppenheimer(D) vs. Bob Cohen-R 37th District)Antoine Thompson(D) vs. Mark Grisanti- R 60th District

FY 2011-2012 Budget Process Underway

State Agencies Prepare for Big Cuts as New AdminstrationGrapples with Nine to Ten Billion Dollar Deficit for FYE 2012.

New York State Revenues Slow to Recover

• The future of Wall Street profitability hangs in the balance with the implementation of the federal financial reform package.

• Major Wall Street firms are still in a crucible as federal efforts to constrain executive compensation continue.

• Large portion of bonus payments often paid in stock that is not immediately taxable.

• State budget is likely to sustain substantial revenue losses with the expiration of the temporary 2009-2011 PIT surcharge and the return of the sales tax clothing exemption.

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OUTYEAR FINANCIAL PLAN PROJECTIONS 2010-2014

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2011-12 2012-13 2013-14

General Fund Drivers

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2010-2014

School Aid Medicaid

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