Sunday, April 12, 2020
| Track Code | Track Name | Entry | Scratch | 1st Post ET | 1st Post Local | Time Zone | Stakes Race(s) | Stakes Grade | T.V. Indicator |
|---|---|---|---|---|---|---|---|---|---|
| SA | SANTA ANITA PARK | 72 | 48 | 3:00 PM | 12:00 PM | PDT | |||
| SUN | SUNLAND PARK | 168 | 24 | 2:30 PM | 12:30 PM | MDT | Mt. Cristo Rey H. | ||
| TAM | TAMPA BAY DOWNS | 72 | 0 | 12:35 PM | 12:35 PM |
Coronavirus Could Cut New York State Revenue by Up to $15 Billion, Cuomo Aide Warns while remaing silent about ny bettors betting over the internet or wire. like andrew he dislikes his Holiness Barthomew or people that bet horses. bet the bubonic plague corona virus point spread. six feet under
Sunday, April 12, 2020
| Track Code | Track Name | Entry | Scratch | 1st Post ET | 1st Post Local | Time Zone | Stakes Race(s) | Stakes Grade | T.V. Indicator |
|---|---|---|---|---|---|---|---|---|---|
| SA | SANTA ANITA PARK | 72 | 48 | 3:00 PM | 12:00 PM | PDT | |||
| SUN | SUNLAND PARK | 168 | 24 | 2:30 PM | 12:30 PM | MDT | Mt. Cristo Rey H. | ||
| TAM | TAMPA BAY DOWNS | 72 | 0 | 12:35 PM | 12:35 PM |
Budget director expects GDP to shrink in second quarter—and possibly beyond
https://caselaw.findlaw.com/us-2nd-circuit/1884941.html
Budget Director Robert Mujica said Gov. Cuomo is seeking authority from legislators to make unilateral budget adjustments during the year if revenue declines.
PHOTO: HANS PENNINK/ASSOCIATED PRESS
ALBANY, N.Y.—State revenue could fall by as much as $15 billion as a result of the novel coronavirus and its effect on the economy, New York’s top budget official said.
New York State Budget Director Robert Mujica, an appointee of Gov. Andrew Cuomo, said the state expects gross domestic product to shrink in the second quarter of this year and possibly beyond that. Last week, Comptroller Tom DiNapoli estimated state revenue would decline by $4 billion to $7 billion; Mr. Mujica said his latest estimate was a decrease of $9 billion to $15 billion.
The drop comes as state lawmakers work to develop a new spending plan before the state fiscal year ends on March 31. In January, Mr. Cuomo proposed a $178 billion budget, of which $105.8 billion covered operations. It assumed roughly $88 billion in state revenue, mostly from personal income taxes.
In an interview Monday with The Wall Street Journal, Mr. Mujica said the Democratic governor’s original proposal is “no longer viable,” absent massive assistance from the federal government to maintain planned outlays for school aid and public worker salaries.
As a result of the continued uncertainty caused by the coronavirus pandemic, Mr. Mujica said, Mr. Cuomo is seeking legal authority from state legislators to make unilateral budget adjustments during the fiscal year if revenue declines.
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“I think what’s critical in the budget is for the legislature to give us the tools to be able to stabilize our finances and make the decisions in the budget to bridge us through this,” Mr. Mujica said.
Spokesmen for Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins, both Democrats, didn’t respond to a request for comment about Mr. Mujica’s statement.
Budget negotiations were already contentious before the virus struck New York. Mr. Cuomo set up a task force to reduce Medicaid spending by $2.5 billion to help bridge a $6.1 billion deficit. He also said he would change the state’s new bail law—which eliminated cash bail for most misdemeanor and nonviolent felony offenses—and legalize recreational marijuana as part of the budget.
Gov. Andrew Cuomo spoke at a news conference Monday at the Jacob Javits Center, which will house a temporary hospital in response to the Covid-19 outbreak.
PHOTO: JOHN MINCHILLO/ASSOCIATED PRESS
Mr. Cuomo said Monday that he would still like both items included in the budget. State Sen. Liz Krueger, a Democrat from Manhattan who sponsors a bill to legalize marijuana, said there were still disagreements over how to distribute any new revenue and that lawmakers might be better off waiting to try to negotiate a solution.
The governor’s task force on Medicaid recommended decreasing the reimbursement rates for hospitals and nursing homes as well as implementing more stringent procedures for people to use a popular home-care service.
Bryan O’Malley, executive director of the Consumer Directed Personal Assistance Association of New York State, which represents companies that arrange home care, said the changes would result in less services.
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“We would join in the chorus of people who are saying now is not the time to cut Medicaid. Now is the time that you make sure the resources are there,” Mr. O’Malley said.
Indeed, some legislators are calling for raising taxes to plug the existing deficit. Mr. Cuomo said last week he opposed any tax increases. Mr. Mujica said state income taxes are disproportionately paid by the highest-earning New Yorkers, who were severely affected by downturns in the stock market.
“With negative growth, taxes don’t appear to be the answer,” Mr. Mujica said. “ You can’t get blood from a stone.”
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