The document summarizes the NYPTA Fall Conference agenda to be held on November 19th in Albany, New York. It discusses the Democratic sweep in statewide elections in New York, with Andrew Cuomo winning Governor and Eric Schneiderman and Tom DiNapoli winning their races. It also notes that the New York State Assembly is expected to remain in Democratic control in January. The budget process is underway amid a $9-10 billion deficit, and revenues are slow to recover due to Wall Street compensation changes and tax changes. Projections show a growing budget gap through 2014 if changes are not made.

1. NYPTA Fall Conference
November 19
Albany New York

2. Weingarten, Reid & McNally, LLC
The Experience to
Make Your Voice
Heard

3. What We do
We work to achieve NYPTA’s priorities
through a combination of tools including:
Professional lobbying
Coalition building
Grassroots advocacy
Media efforts
Political actions

8. Democrats Sweep Statewide
Andrew 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

9. 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

10. New York State Senate
2009-2010
32 Democrats
30 Republicans
2010-2012
30 Republicans
29 Democrats
3 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

11. FY 2011-2012 Budget Process Underway
State Agencies Prepare for Big Cuts as New Adminstration
Grapples with Nine to Ten Billion Dollar Deficit for FYE 2012.

12. 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
14.5Billion
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17.2Billion
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9Billion
2011-12 2012-13 2013-14

14. General Fund Drivers
16.7Billion
13.2Billion
22.4Billion
24.9Billion
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7.5Billion
2010-2014
School Aid Medicaid
14.6Billion