♪ ♪ WELCOME TO LIVE COVERAGE OF ANDREW CUOMO'S ADDRESS.

I'M DAN CLARK.

THE HOST OF "NEW YORK NOW."

WE WELCOME OUR VIEWERS AND LISTENERS FROM ACROSS THE STATE.

IN A FEW MOMENTS, WE'LL BE HEARING FROM GOVERNOR CUOMO AS HE LAYS OUT HIS PLAN FOR THE STATE BUDGET.

CUOMO SAID THE STATE IS FACING A $15 BILLION BUDGET SHORTFALL BECAUSE OF LOWER TAX REVENUE OVER THE LAST YEAR AND THE STATE'S RESPONSE TO THE CORONAVIRUS PANDEMIC.

JUST AS A SIDE NOTE, SOME BUDGET ANALYSTS SAID THE BUDGET GAP IS CLOSER TO $8 BILLION.

EITHER WAY, THE BUDGET GAP WILL HAVE MAJOR CONSEQUENCES.

IF NEW YORK DOESN'T GET MONEY FROM SOMEWHERE AND FAST.

LET'S GET A QUICK PREVIEW BEFORE THE GOVERNOR STARTS SPEAKING.

LET'S START WITH THE BUDGET DEFICIT.

THE GOVERNOR SAID IT'S $15 BILLION.

WE'VE HEARD THE NUMBER SINCE MARCH OR APRIL.

SINCE THEN, THE TAX RECEIPTS, MEANING THE INCOME TAX RECEIPTS THAT THE STATE COLLECTS HAVE BEEN BETTER THAN PROJECTED.

YOU SPOKE TO BUDGET ANALYSTS WITH THE EMPIRE CENTER.

WHAT DID HE SAY AND WHAT I'VE HEARD IS IT'S AROUND 8 TO 10, ACTUALLY LOOKING AT IT REALISTICALLY.

>> IN THAT FIGURE, IT'S COMING OUT OF THE STATE BUDGET OFFICES MID YEAR FINANCIAL PLAN.

SO THEY HAD PROJECTED ABOUT $8 BILLION DEFICIT BETWEEN THE REVENUE THEY HAD PROJECTED FROM LAST YEAR VERSUS THIS YEAR.

AND E.J.

POINTED OUT THAT, ALL RIGHT, SO IT'S NOT 15 IT'S CLOSER TO $8 BILLION.

AND, UMM, RECENTLY THE KROMP TROLLER PROVIDED HIS REVENUE ANTICIPATION FOR THE TAX RECEIPTS THAT SHOW NEARLY $4 BILLION MORE IN TAX RECEIPT REVENUES THAN WAS ORIGINALLY ANTICIPATED.

THAT COULD POTENTIALLY EVEN CLOSE THE GAP FURTHER.

HE ALSO MENTIONED THE FEDERAL GOVERNMENT HAS LOOSENED RESTRICTIONS WHEN IT COMES TO THE C.A.R.E.S.

ACT FUNDING.

AND THE STATE WAS ABLE TO USE OVER A MILLION DOLLARS TO COVER PERSONAL EXPENSES.

SO THERE'S STILL FUNDING LEFT IN THAT POT OF MONEY.

ABOUT $2 BILLION, PERHAPS, THAT MAYBE THE STATE COULD USE DIFFERENTLY TO HELP CLOSE THE GAP FURTHER.

SO THERE IS-- IT'S A MOVING TARGET.

>> WHAT WE GET WITH THE BUDGET ADDRESS, WE GET THE-- HERE HE IS NOW.

>> THAT'S FAST.

>> LET'S LISTEN IN.

>> GOOD MORNING, ALL.

PLEASURE TO BE WITH YOU THIS MORNING.

WE SHOULD KNOW BY THIS TIME.

MR. ROBERT, YOU KNOW HIM FROM THE GREAT WORK HE'S DONE ON COVID AND NOW ON THE VACCINE PROGRAM AND THE BUSINESS REOPENING PROGRAM, BUT HE'S ALSO, AS A FULL-TIME JOB, AS BUDGET DIRECTOR OF THE STATE OF NEW YORK.

AND NORMALLY HIS FOCUS OF HIS JOB IS ON DOING JUST THAT.

I WANT TO THANK HIM AND ALL THE PEOPLE IN THE DIVISION OF THE BUDGET WHO ALWAYS DO A GREAT JOB AND HAVE FOR MY ADMINISTRATION'S TERM.

YOU KNOW, WE HAVE BEEN PROBABLY ONE OF THE MOST FISCALLY RESPONSIBLE ADMINISTRATIONS IN MODERN POLITICAL HISTORY.

WE'VE DONE MORE WITH LESS.

WE'VE CONTROLLED SPENDING BUT HAVE DONE IT SMARTLY.

WE HAVE DONE MORE SO I THANK THEM EVERY YEAR.

BUT A SPECIAL THANK YOU TO THE ENTIRE DIVISION OF BUDGET.

LET ME TALK YOU THROUGH THE BUDGET CONCEPTS TODAY, IF I MIGHT.

AND THEN HE WILL HAVE A BRIEFING AFTERWARDS AT 1:00 P.M. TO GO THROUGH THE ACTUAL SPECIFIC DETAILS ON THE BUDGET.

BUT THIS IS A DIFFERENT TYPE OF BUDGET THAN WE'VE DONE IN THE PAST.

WE SHOULDN'T BE SURPRISED BY THAT BECAUSE IT'S A DIFFERENT TIME.

IT'S A DIFFERENT YEAR.

IT'S A DIFFERENT STATE.

IT'S A DIFFERENT WORLD.

THE COST OF THE COVID CRISIS, I BELIEVE, THIS PERIOD IS GOING TO BE ONE OF THE PERIODS THAT ARE ANALYZED IN HISTORY.

CIVIL WAR, POST CIVIL WAR, RECONSTRUCTION, WORLD WAR I, WORLD WAR II, 9/11, AND THEN COVID.

AND WHAT IT DID TO THIS COUNTRY AND HOW THIS COUNTRY HANDLED IT AND HOW THE STATE HANDLED IT, WHAT IT WAS IN THE MIDST OF IT, HOW WE COME OUT THE OF IT.

THAT'S GOING TO BE THE STORY OF THIS YEAR AND NEXT YEAR.

AND IT WAS CERTAINLY THE STORY OF LAST YEAR.

BUT EVERY STORY IS DIFFERENT CHAPTERS.

COVID IS STILL ALIVE AND WELL.

AND THIS WAR IS NOT OVER.

WE HAVE THE WEAPON THAT WILL WIN THE WAR, WHICH IS THE VACCINE, BUT THE WAR ISN'T OVER.

IT'S NO TIME FOR COVID FATIGUE.

IF YOU TIRE BEFORE THE ENEMY TIRES, YOU LOSE THE WAR, RIGHT?

SO THAT'S WHAT THIS YEAR IS ABOUT.

AND THEN NEXT YEAR IS GOING TO BE MORE ABOUT THE RECONSTRUCTION AND THE REBIRTH AND THE MOVING FORWARD AND WHO DOES THAT BEST AND WHAT STATE DOES THAT BEST AND WHAT COUNTRY DOES THAT BEST.

YOU'LL HAVE A RESETTING OF THE GLOBAL ECONOMY AND YOU'LL HAVE WINNERS AND LOSERS.

THIS COUNTRY HAS TO BE A WINNER AND MOVE FORWARD.

WE HAVE A FULL PLAN ON HOW TO WIN THE COVID WAR FULLY AND WE'RE EXECUTING THAT PLAN.

AND WE FEEL GOOD ABOUT THAT PLAN AND CONFIDENT.

WE'RE MANAGING OUR HOSPITAL CAPACITY.

YOU SEE STATES THROUGHOUT THE COUNTRY WHERE THEIR HOSPITALS ARE ACTUALLY GETTING OVERWHELMED, AND THAT IS THE WORST-CASE SCENARIO.

BECAUSE THEN PEOPLE DIE WHO DIDN'T NEED TO DIE.

THEY DIED BECAUSE THEY CAN'T GET A DOCTOR.

THEY CAN'T GET A NURSE.

SO MANAGING HOSPITAL CAPACITY IS KEY.

AND WE'VE BEEN DOING THAT SINCE LAST SPRING.

AND OUR HOSPITAL SYSTEM AND DOCTORS AND NURSES ARE DOING A GREAT JOB.

SECOND POINT IS SLOWING THE SPREAD OF THE INFECTION RATE TO BALANCE WITH THAT HOSPITAL CAPACITY.

THEN MONITORING THESE NEW STRAINS THAT ARE POPPING UP.

WHICH REALLY ARE A CAUSE OF CONCERN.

THE VIRUSS MOVE TATE.

THE 1918 FLU PANDEMIC, THE SECOND WAVE WAS A MUTATION.

THIS VIRUS WILL MUTATE.

SO FAR IT WORKS AGAINST ALL STRAINS BUT IT'S SOMETHING WE HAVE TO MONITOR.

WE'RE ON TOP OF THAT.

THE VACCINE IS DEVELOPED.

I BELIEVE THAT IS THE WEAPON THAT WINS THE WAR.

WE HAVE OUR DISTRIBUTION SYSTEM IN PLACE.

WE HAVE 1200 PROVIDERS IN PLACE TODAY.

WE CAN GROW THAT SYSTEM WITHIN WEEKS TO 5,000 PROVIDERS.

ME ACTUALLY HAVE MORE OF A DISTRIBUTION SYSTEM THAN WE HAVE PRODUCT AND WE NEED MORE PRODUCT.

THE PRODUCT IS THE VACCINE.

THAT HAS TO HAPPEN FROM THE FEDERAL GOVERNMENT AND THE PHARMACEUTICAL COMPANIES.

HOPEFULLY IT DOES.

HOPEFULLY JOHNSON & JOHNSON HAS A VACCINE THAT IS APPROVED.

HOPEFULLY ASTRAZENECA IS APPROVED AND MODERNA PRODUCES MORE.

BUT THE STATE DISTRIBUTION SYSTEM IS FULLY IN PLACE.

RIGHT NOW WE DON'T HAVE ENOUGH PRODUCT TO PROVIDE THE OUTLETS AND DISTRIBUTORS THAT WE ACTUALLY HAVE.

SO WE NEED MORE PRODUCT AND WE'RE WORKING WITH THE FEDERAL GOVERNMENT ON THAT.

WE HAVE A VERY AGGRESSIVE PLAN FOR OUR POST WAR RECONSTRUCTION.

AND I LAID THAT OUT IN FOUR SEPARATE PRESENTATIONS.

VERY SPECIFIC PLANS TO REOPEN THE ECONOMY, USE RAPID TESTING, GETTING ARTS AND CULTURE REOPEN, EXPANDING BROADBAND, REBUILDING, MAKING NEW YORK THE GREEN LEADER.

WE HAVE A FULL SET OF SPECIFIC INITIATIVES FOR THE RECONSTRUCTION.

THE BUDGET IS ABOUT RECONCILING THE CALLS FOR THE COVID BATTLE THUS FAR AND DETERMINING NOW FISCAL LIABILITY AND RESPONSIBILITY.

WE DID WHAT WE HAD TO DO LAST YEAR.

WHEN THE BATTLE BEGINS IT'S ALMOST INSTINCTIVE.

PEOPLE RISE TO THE OCCASION AND DO WHAT THEY HAVE TO DO NOW THE BILL FOR THE BATTLE HAS COME DUE.

THE QUESTION IS, WHO IS RESPONSIBLE FOR THE FISCAL LIABILITY AND RESPONSIBILITY?

NEW YORK'S ECONOMY IS SUFFERING FROM TWO CAUSES.

FIRST THE COST OF COVID.

BUSINESSES WERE CLOSED.

WE LOST REVENUE.

EXPENSIVE, ACTUALLY.

CONDUCTING THE WAR.

THE DESCRIPTION OF LAST SPRING.

WE WERE ASSAULTED BY COVID.

THE LIVES THAT WERE LOST.

THAT'S THE ACTUAL COST OF COVID.

OVER THE PAST FOUR YEARS, NEW YORK IS ASSAULTED BY THE FEDERAL GOVERNMENT IN MULTIPLE WAYS.

AND THERE'S A COST TO THAT, ALSO, THAT HAS COME DUE.

IN MANY WAYS, NEW YORK IS UNIQUE IN THE NATION, IN THE AMOUNT OF ECONOMIC LOSS IT HAS SUSTAINED.

THE COVID ASSAULT IN NEW YORK WAS CAUSED BY FEDERAL NEGLIGENCE.

RIGHT.

AND, SECOND, NEW YORK WAS USED AS A POLITICAL PIÑATA FOR THIS FEDERAL GOVERNMENT.

WE HAD A FEDERAL ADMINISTRATION THAT WAS HYPERPOLITICAL.

NEW YORK IS SEEN AS A DEMOCRATIC STATE AND EAST COAST STATE.

NEW YORK IS SEEN AS AN URBAN AREA.

THAT WAS USED AS A POLITICAL STATEMENT.

OPPOSE NEW YORK TO MAKE A POLITICAL STATEMENT.

IT DID GREAT DAMAGE TO NEW YORK.

NEW YORK PAID BILL FOR COVID THAT NO STATE IN THE NATION PAID FOR.

IT'S NOT EVEN CLOSE, IN MANY WAYS.

THE REMAINING COVID COST IN DOLLARS IS $15 BILLION.

NEW YORK CANNOT MANAGE THE $15 BILLION DEFICIT.

THESE NUMBERS ARE HARD TO PUT INTO CONTEXT.

THE LARGEST DEFICIT IN THE STATE'S HISTORY WAS $10 BILLION.

AND I MANAGED A $10 BILLION DEFICIT.

IT WAS VERY, VERY HARD.

$15 BILLION IN THIS ENVIRONMENT IS JUST IMPOSSIBLE FOR A STATE TO MANAGE.

IT'S BEYOND WHAT WE CAN DO.

IT'S GOING TO REQUIRE ASSISTANCE FROM THE FEDERAL GOVERNMENT.

THE QUESTION IS HOW MUCH ASSISTANCE WILL WE GET?

PRESIDENT BIDEN HAS PROPOSED HIS AMERICAN PLAN AT $1.9 TRILLION STIMULUS PACKAGE THAT RESCUES THE COUNTRY FROM THE COST OF COVID.

A BIG PART OF THAT ADDRESSES THE NEEDINGS THAT WE'RE TALKING ABOUT.

THIS MONEY IN THE RESCUE PLAN FOR COVID TESTING, FOR VACCINE DISTRIBUTION, FUNDING FOR SCHOOLS, FUNDING FOR FAMILIES.

AND $350 BILLION FOR SOMETHING CALLED STATE AND LOCAL FINANCING.

THIS HAS BEEN A MAJOR BATTLE TO GET STATE AND LOCAL FINANCING IN THE PACKAGE.

WE WORKED ALL THROUGH LAST YEAR IN CHAIRMAN OF THE NATIONAL GOVERNOR'S ASSOCIATION.

ALL THE GOVERNORS.

DEMOCRATIC AND REPUBLICAN WERE UNITED IN ASKING FOR FEDERAL AID FOR STATE AND LOCAL GOVERNMENTS BECAUSE OF THE FINANCIAL SHORTFALL WE'RE FACING AND THE TOTAL PACKAGE IS $350 BILLION AS PROPOSED.

THE QUESTION BECOMES HOW DO THEY DISTRIBUTE THE $350 BILLION?

HOW MUCH OF THAT FUNDING GOES TO THE NEW YORK STATE GOVERNMENT?

WE DON'T KNOW, IN SHORT, WHAT LEVEL OF AID WE WILL GET.

THE BUDGET IS DEPENDENT UPON THAT NUMBER.

WHAT WE'VE DONE WITH THE BUDGET IS CONSTRUCTED IT WITH TWO OPTIONS.

ONE, NEW YORK STATE RECEIVES $6 BILLION FROM THE $350 BILLION.

TWO, NEW YORK STATE RECEIVES $15 BILLION FROM THE $350 BILLION.

WE CONSTRUCTED THE BUDGET WITH CONTINGENT FEDERAL APPROPRIATIONS.

CON TENSION END UPON THE APPROPRIATION FROM THE FEDERAL GOVERNMENT AND WE HAVE TWO SCENARIOS.

THE WORST-CASE SCENARIO IS THE $6 BILLION SCENARIO.

THE $15 BILLION SCENARIO IS WHAT WE CONSIDER A FAIR FUNDING SCENARIO.

SO TWO OPTIONS.

ONE CAVEAT.

AND I'LL GET TO THE CAVEAT IN A MOMENT.

THEOVER ALL SITUATION IS THE FOUR-YEAR FINANCIAL PLAN SHOWS THE $39 BILLION REVENUE FOR FALL.

IT'S $21 BILLION IN REVENUE LOSS OVER TWO YEARS.

WHY REVENUE LOSS?

BECAUSE BUSINESSES WERE CLOSED, PEOPLE WEREN'T WORKING.

THEY DIDN'T PAY TAXES.

THAT'S THE REVENUE LOSS.

THE GAP WAS PROJECTED TO BE WORSE, BUT AS THE ECONOMY STARTED RUNNING AGAIN, THE GAP HAS REDUCED BUT IT'S STILL VERY LARGE.

WHEN THIS STARTED JANUARY 2020, BEFORE COVID, WE WERE EXPECTING REVENUE WAS GOING TO GROW $5.5 BILLION.

IN FACT, IT WENT DOWN $5 BILLION.

LUCKILY WE HAD $7.6 BILLION IN RESERVES.

A RAINY DAY FUND, IF YOU WILL, THAT WE NEEDED TO USE.

THE WORST CASE SCENARIO WE ENVISION IS WASHINGTON PROVIDES ONLY $6 BILLION.

THAT WOULD BE ONLY $1.7% OF THE $350 BILLION PACKAGE.

WORST-CASE SCENARIO, I WOULD CONSIDER IT THE 2021 VERSION OF THE FEDERAL GOVERNMENT SAYING DROP DEAD TO NEW YORK.

NEW YORK CITY HAD A FISCAL NEAR BANKRUPTCY AND THE STATE ASKED THE FEDERAL GOVERNMENT FOR ASSISTANCE ALONG WITH ALL THE LEADERSHIP OF NEW YORK CITY AND NEW YORK STATE, AND THE FEDERAL GOVERNMENT BASICALLY TOLD NEW YORK TO DROP DEAD.

WELL, $6 BILLION, 1.7% OF $350 BILLION, THAT WOULD BE A 2021 VERSION OF DROP DEAD.

POPULATION OF THE STATE OF NEW YORK, AS A PERCENTAGE OF THE NATION, IS 5.9%.

AGAIN, NEW YORK TOOK THE WORST BLOW NATIONWIDE.

IF THAT.

S THE $6 BILLION FROM THE FEDERAL GOVERNMENT, THEN WE WOULD NEED TO CUT AND RAISE REVENUE OF $9 BILLION.

TO GET TO $9 BILLION WOULD REQUIRE EVERYTHING THAT YOU COULD DO.

YOU NEED TO RAISE REVENUE, CUT EXPENSES, AND BORROW FUNDING.

THE NEW YORK STATE LEGISLATURE PROPOSED AN INCOME TAX INCREASE.

IF YOU RAISED INCOME TAXES TOP RATE, WHICH IS CURRENTLY 8.8, IF YOU RAISE IT TO 10.8 AND THEN THE STATE RATE AT 10.8 AND THE CITY WOULD BE A TOTAL OF 14 14.7, WHICH WOULD BE THE HIGHEST INCOME TAX IN THE NATION.

YOU'D RAISE $1.5 BILLION ON $9 BILLION.

YOU THEN HAVE TO CUT DRAMATICALLY.

YOU'D HAVE TO CUT ABOUT $2 BILLION IN EDUCATION FUNDING.

ABOUT $600 MILLION FOR MEDICAID.

YOU HAVE TO CUT THE FUNDING TO LOCAL GOVERNMENT.

YOU HAVE TO CUT THE FUNDING FOR SOCIAL SERVICES.

YOU'D HAVE TO DO ALL OF THIS IN THE MIDDLE OF THE COVID PANDEMIC.

ON TOP OF THAT, YOU HAVE TO DO SIGNIFICANT BORROWING THAT WOULD HURT THE STATE'S CREDIT RATING AND GIVE OUR CHILDREN DEBT THAT THEY WOULD HAVE TO PAY AS OUR LEGACY.

IT WOULD HURT NEW YORK DRAMATICALLY AND DELAY RECOVERY.

JANET YELLEN WAS TALKING ABOUT THE MISTAKES WE MADE IN THE PAST.

IF YOU DON'T INVEST IN THE ECONOMY NOW AND FORCE MORE CUTS, YOU ACTUALLY SLOW THE ECONOMIC RECOVERY FOR EVERYONE.

IF THE FEDERAL GOVERNMENT DOESN'T FUND STATE AND LOCAL GOVERNMENT, IT'S GOING TO HURT ALL NEW YORKERS.

AND IT DOESN'T HELP IF THE FEDERAL GOVERNMENT GIVES WITH ONE HAND AND THEN TAKES AWAY WITH THE OTHER.

YOU CAN'T.

IT MAKES NO SENSE TO GIVE A $1400 CHECK TO A NEW YORK FAMILY BUT THEN FORCE THE STATE AND LOCAL GOVERNMENT TO RAISE TAXES AND LAY OFF ESSENTIAL WORKERS AND CONTINUE THE CURRENT-- TREATMENT THROUGH SALT, WHICH IS AN ADDITIONAL FEDERAL TAX.

SO WE WANT FEDERAL HELP BUT WE WANT THE HELP THAT IS FAIR.

WHAT IS FAIR?

FAIR FUNDING FROM WASHINGTON WOULD BE $15 BILLION OF THE $350 BILLION.

IT'S ONLY 4.3% OF THE $350 BILLION.

AGAIN, IT'S LESS THAN OUR POPULATION RATIO.

AND CONSIDERING WHAT WE WENT THROUGH, I BELIEVE IT'S A MODEST REQUEST FROM WASHINGTON.

IF WE RECEIVE THE $15 BILLION, THEN WE CAN FUND OUR LABOR AGREEMENTS, WHICH COST ABOUT $600 MILLION.

WE CAN RESTORE THE 5% ACROSS THE BOARD REDUCTIONS THAT WE'VE DONE TO DATE.

WE HAVE SCHEDULED AND PROPOSED AND PASSED A MIDDLE CLASS TAX CUT.

WE COULD GO FORWARD WITH THAT WHICH IS VERY IMPORTANT BECAUSE THE MIDDLE CLASS HAS REALLY TAKEN IT RIGHT ON THE CHIN HERE.

IT WOULD FUND EDUCATION AT THE INCREASES THAT WE HAD PROPOSED INITIALLY.

WOULD RESTORE ALL FUNDING AND FUND THE INCREASES.

IT WOULD FUND THE LIBERTY DEFENSE PROGRAM, $10 MILLION TO HELP UNDOCUMENTED WHO HAVE GONE THROUGH VERY DIFFICULT LEGAL AND FINANCIAL SITUATIONS.

IT WOULD ENABLE OUR UNIVERSAL BROADBAND PROGRAM, WHICH IS GOING TO BE THE FIRST IN THE COUNTRY.

IT GETS BROADBAND FOR LOW-INCOME FAMILIES.

MANY CHILDREN DURING THE REMOTE LEARNING OF COVID WERE LEFT BEHIND BECAUSE THEIR FAMILIES COULDN'T SUPPORT-- COULDN'T PAY THE MONEY FOR BROADBAND ACCESS.

WE HAVE PEOPLE WHO ARE FOOD INSECURE WHO ARE LITERALLY HUNGRY.

IT WOULD FUND $150 MILLION FOR THAT BUT THE RENTAL ASSISTANCE PROGRAM, TENANTS WHO THERE'S NO WAY THEY'RE GOING TO BE ABLE TO PAY THEIR BACK RENT.

$1.3 BILLION.

IT WOULD FUND OUR AFFORDABLE HOUSING CONSTRUCTION.

OUR SUPPORTIVE SERVICES CONSTRUCTION, WHICH IS HOUSING FOR THE HOMELESS WITH ADDITIONAL NEEDS.

OUR HOMELESS ASSISTANCE PROGRAM.

WE HAVE A DRAMATIC HOMELESS PROBLEM NOW IN MANY OF OUR CITIES, ESPECIALLY NEW YORK CITY AND THIS WOULD PROVIDE THE FUNDING THAT WE NEED-- IT WOULD SUPPORT CHILD CARE AND SUPPORT FOR FAMILIES.

WE WOULD HAVE A $40 MILLION FUND TO CAP COPAYS FOR LOW-INCOME FAMILIES AND EMPLOYER-CHILD CARE CREDIT WHICH WOULD INCENTIVIZE EMPLOYERS TO PROVIDE CHILD CARE, WHICH WOULD BE GOOD FOR THE OVERALL ECONOMY.

$6 MILLION FOR GRANTS TO START CHILD CARE AND WHAT WE CALL CHILD CARE DESERTS.

THERE ARE HEALTH CARE DESERTS AND CHILD CARE DESERTS.

FULLY FUND OUR HIGHER EDUCATION, INCLUDING OUR OPPORTUNITY PROGRAMS, INCLUDING TAP, OUR FREE TUITION PROGRAM, WHICH ALLOWS NEARLY 230,000 NEW YORK RESIDENTS TO GO TO SUNY OR CUNY TUITION FREE.

WE WANT TO ENSURE WE GROW THAT.

IT WOULD FUND OUR HEALTH CARE INITIATIVES.

WE HAVE 1.6 MILLION MORE NIGHERS ON MEDICARE NOW AND FULLY FUND THAT PROGRAM.

IT WOULD ELIMINATE COPAYS FOR LOW-INCOME NEW YORKERS.

AND PROMOTE COVERAGE FOR AN ADDITIONAL 100,000.

IT WOULD ALLOW US TO GET THE ECONOMY BACK UP AND RUNNING AND FOCUS A TAX CREDIT ON SMALL BUSINESSES THAT HAVE BEEN DECIMATED.

ALSO A TAX CREDIT FOR PROGRAMS FOR RESTAURANTS ESPECIALLY THAT WERE IMPACTED BY COVID.

RESTAURANTS PAID A HIGH PRICE FOR WHAT HAPPENED DURING COVID.

MANY BUSINESSES WERE HURT.

I BELIEVE RESTAURANTS WOULD BE AT THE TOP OF THE LIST.

EVEN WHEN OTHER BUSINESSES REOPENED.

WE STILL RESTRAINED RESTAURANTS BECAUSE OF THIS SOCIAL GATHERING ASPECT OF THE BUSINESS.

BUT I DID IT WITH A HEAVY HEART.

WE HAVE ARM ZONES, MICROCLUSTER ZONES, YELLOW ZONES, AND THE MAIN RESTRICTION IS ON RESTAURANTS AND THEY COOPERATED BUT IT'S NOW OUR RESPONSIBILITY TO WORK WITH THEM TO RESTORE THEIR BUSINESSES.

$30 MILLION CREDIT TO GET THE ARTS AND MUSIC AND THEATER PRODUCTIONS BACK UP AND RUNNING BECAUSE NEW YORK IS NOT NEW YORK WITHOUT THEM.

WE ALSO HAVE PROPOSALS TO ADD REVENUE.

MOBILE SPORTS BETTING WE THINK COULD RAISE $500 MILLION.

MANY STATES HAVE DONE IT.

HERE THE QUESTION IS NOT REALLY WHETHER OR NOT WE DO MOBILE SPORTS BETTING.

THE QUESTION IS MORE HOW.

WHO MAKES THE PROFIT AND THIS IS VERY LUCRATIVE.

ONE PROPOSAL IS WE ALLOW CASINOS TO RUN MOBILE SPORTS BETTING.

THAT'S GOOD FOR CASINOS AND THE PEOPLE THAT SUPPORT CASINOS.

THE SECOND ALTERNATIVE TO HAVE THE PEOPLE OF THE STATE OF NEW YORK ACTUALLY GET THE PROFITS FROM MOBILE SPORTS BETTING AND RUN IT THE WAY WE RUN THE STATE LOTTERY, WHICH IS STATE RUN AND THE STATE GETS ALL THE REVENUE.

I'M WITH THE PEOPLE AND I BELIEVE THE PEOPLE OF THE STATE SHOULD GOAT THE REVENUES THIS IS NOT A MONEYMAKER FOR PRIVATE INTERESTS TO COLLECT JUST MORE TAX REVENUE.

WE WANT THE ACTUAL REVENUE FROM THE SPORTS BETTING.

WE ALSO PROPOSE LEGALIZING ADULT USE CANNABIS, WHICH WOULD RAISE ABOUT $350 MILLION.

$100 MILLION GOING TO A SOCIAL EQUITY FUND THAT WOULD GIVE US $250 MILLION TOWARDS THE BUDGET AND OUR NEEDS.

WE'RE ASKING FOR FAIRNESS.

FAIRNESS IN WASHINGTON.

$15 BILLION IN FUNDING AND SECOND REPEAL S.A.L.T.

REPEAL S.A.L.T.

WHAT IS S.A.L.T.?

S.A.L.T.

WAS A TAX PROVISION PASSED THREE YEARS AGO.

IT WAS THE FIRST DOUBLE TAXATION IN HISTORY.

YOU PAY NEW YORK CITY TAX AND LOCAL TAX.

YOU DEDUCTED IT FROM YOUR INCOME AND PAY FEDERAL TAX.

ANYTHING OVER $10,000.

IT WAS TARGETED DIRECTLY AT NEW YORK STATE.

THEY HAVE TO REPEAL S.A.L.T.

52 OF OUR 62 COUNTIES HAVE SEEN THEIR TAXES GO UP.

THE AVERAGE COST IS $2600 PER HOME.

WE HAVE THE LARGEST PERCENTAGE OF TAXPAYERS WHO HAD THE HIKE IN THE NATION.

IT HURTS THE ENTIRE STATE.

LITERALLY.

IT HAS BEEN ONE OF THE SINGLE WORST FEDERAL ACTIONS TO BEFALL THE STATE OF NEW YORK.

IT ALSO EXACERBATES THE FUNDAMENTAL INJUSTICE THAT NEW YORK STATE HAS ALWAYS GIVEN WASHINGTON MORE THAN-- THAN IT GETS BACK.

WE CALL IT THE DONOR STATE.

THE NUMBER ONE DONOR STATE, WHEN YOU HAVE THE FEDERAL KITTY AND ALL THE STATES PAY IN AND WASHINGTON REDISTRIBUTES IT.

NO STATE PUTS IN MORE OPEN GETS BACK LESS THAN NEW YORK STATE.

NO STATE.

OVER THE PAST FIVE YEARS ALONE, WE'VE PUT IN $140 BILLION MORE THAN WE GOT BACK.

WE SUBSIDIZE 43 OTHER STATES.

SENATOR MONAHAN, GOD REST HIS SOUL, TALKED ABOUT THIS, AND IT WAS NEVER REMEDIED.

THE FUNDAMENTAL INJUSTICE AGAINST NEW YORK.

WE ARE THE TOP DONOR STATE.

WE PAY IN EVERY YEAR $22 BILLION MORE THAN WE GET BACK.

OTHER STATES RECEIVE MORE THAN THEY PAY IN.

VIRGINIA, KENTUCKY, FLORIDA, MARYLAND.

THAT'S WHY I LOVE WHEN THEY TALK ABOUT THEIR LOW TAXES.

YEAH, YOUR TAXES ARE LOW BECAUSE NEW YORK IS SUBSIDIZING YOUR TAXES.

THAT'S WHY IT'S LOW.

THIS HAS BEEN A CHRONIC INJUSTICE.

AGAINST NEW YORK.

IT WAS AG ELEVATED WHEN THEY PASSED S.A.L.T.

IT WAS PASSED IN 2017 AND DONE BY A REPUBLICAN MAJORITY IT WAS BLATANTLY POLITICAL BECAUSE THEY TOOK FROM NEW YORK AND THEY GAVE TO REPUBLICAN STATES.

EVERYBODY AGREED IT WAS OUTRAGEOUS.

I'M NOT JUST SAYING THIS NOW.

I SAID IT AT THE TIME.

SPEAKER NANCY PELOSI, IN ORDER TO PAD THAT GIVEAWAY-- REPUBLICANS LEVEL A SPITEFUL ASSAULT AT SUBURBAN MIDDLE CLASS COMMUNITIES WITH CAPPING S.A.L.T.

DEDUCTION.

CONGRESSMAN JERRY NADLER, SENIOR MEMBER OF OUR DELEGATION, REPUBLICANS DIDN'T WANT TO PAY FOR THE TAX CUT.

THEY WANTED TO PUNISH US NOT JUST FOR VOTING FOR HILLARY CLINTON BUT WANTED TO COERCE US TO HAVE LOWER TAXES AND LESS SERVICES.

SENATOR ANDREW-- THE MAJORITY-- >> LIVE COVERAGE OF GOVERNOR ANDREW CUOMO'S BUDGET ADDRESS.

>> AND MILLIONS OF PROPERTY TAXPAYERS WILL FACE EVEN MORE QUESTIONED BURDENS.

SPEAKER HASTY WAS FULL THROATED IN HIS OPPOSITION.

MAYOR BILL DE BLASIO WAS FULL THROATED IN HIS OPPOSITION.

FROM ONE END OF THE STATE TO THE OTHER, COUNTY EXECUTIVE IN EERIE COUNTY TO STEVE IN SUFFOLK COUNTY.

SENATOR SCHUMER, STATE AND LOCAL DEDUCTIONS ARE BEDROCK THAT HELP STEADY THE COST OF MANY MIDDLE CLASS FAMILIES LIVING IN NEW YORK SHOULD NOT BE ELIMINATED OR EVEN REDUCED SO PEOPLE MAKING MILLIONS OF DOLLARS A YEAR TO CATCH THEIR OWN TAX BREAK.

SENATOR GILLIBRAND THE SAME THING.

IT WASN'T JUST DEMOCRATS.

REPUBLICANS FEINT THE SAME WAY.

SENATOR JOHN FLANAGAN WHO WAS SENATE MAJORITY LEADER SAYING IT WAS JUST ANOTHER TAX OBLIGATION.

CONGRESSMAN KING REPUBLICAN.

WE'VE BEEN SUBSIDIZING OTHER STATES.

THESE AREN'T MILLIONAIRES.

THE PEOPLE IN MY DISTRICT GETTING SCREWED-- CONGRESSMAN KING'S WORD, NOT MINE, BUT APPROPRIATE, ARE NOT MILLIONAIRES.

THEY'RE COPS, FIREFIGHTERS, CONSTRUCTION WORKERS.

HE WAS EXACTLY RIGHT.

THIS WAS PROPOSED S.A.L.T.

ORIGINALLY BACK IN THE '80s.

THEN REPUBLICAN SENATOR STOPPED THIS BECAUSE HE THOUGHT IT WAS UNFAIR.

SO THIS IS BEEN UNIVERSAL.

FRAMED AS EXPLOITIVE AND IT HAS TO BE FIXED.

IT'S ALSO VERY COSTLY TO NEW YORKERS.

$30 BILLION OVER THE LAST THREE YEARS.

$12 BILLION PER YEAR DIRECTLY TO NEW YORKERS.

LITERALLY JUST REPEALING IT.

NEW YORKERS WILL GET BACK $12.3 BILLION, WHICH IS MORE FUNDING FOR NEW YORKERS THAN IS IN THIS ENTIRE BILL.

REMEMBER THE CURRENT FEDERAL BILL IS ONLY ONE YEAR OF FUNDING.

S.A.L.T.

IS EVERY YEAR.

IT INCREASES OUR TAXES EVERY YEAR.

IF IT'S DROPPED, OUR TAXES WILL GO DOWN EVERY YEAR.

WHAT IS BASIC FAIRNESS?

REPEAL S.A.L.T.

AND PROVIDE $15 BILLION IN AID.

NEW YORKERS DESERVE AND DEMAND FAIRNESS.

MY POSITION AS GOVERNOR IS VERY SIMPLE.

I REPRESENT THE PEOPLE OF THE STATE OF NEW YORK.

THAT'S MY WHOLE JOB DESCRIPTION.

I'M HERE TO REPRESENT THEM AND TO FIGHT FOR THEM AND THEY HAVE BEEN ABUSED BY WASHINGTON FOR FOUR YEARS.

AND IT HAS TO STOP.

AND IT HAS TO STOP NOW.

AND ALL WE WANT IS WHAT IS FAIR.

I SAID THERE ARE TWO OPTIONS.

WORST-CASE SCENARIO, FAIR FUNDING, AND ONE CAVEAT.

THE CAVEAT IS IF WASHINGTON DOESN'T PROVIDE THE NEW YORK STATE WITH A FAIR SHARE OF FUNDING, WE'RE GOING TO PURSUE LITIGATION.

I CANNOT IN GOOD FAITH REPRESENT THE PEOPLE OF THIS STATE AND KNOW THEY ARE BEING HARMED AND KNOW THEY'RE BEING TREATED UNFAIRLY AND NOT DO EVERYTHING WITHIN MY POWER TO TRY TO DO WHAT IS RIGHT BY NEW YORK.

WHEN I WAS ELECTED, I PUT MY HAND UP AND I SWORE TO FIGHT FOR NEW YORK THE BEST I COULD.

THAT'S MY ONLY AGENDA TO FIGHT FOR NEW YORKERS.

I'M GOING DO IT NOW IN THIS BUDGET IN THE MIDST OF THIS MOMENT IN HISTORY THAT I BELIEVE IS GOING TO DECIDE THE FUTURE OF THE STATE OF NEW YORK THESE ARE PERILOUS TIMES.

THE ECONOMY IS SHIFTING.

THESE ARE PERILOUS TIMES IN NEW YORK CITY.

NEW YORK HAS PAID A PRICE FOR COVID.

YOU SHUT DOWN THE ACTIVITIES.

WE SHUT DOWN THE APPARENT REALITY WAS THAT WE HAD COVID PROBLEM WORSE.

WE DIDN'T HAVE IT WORSE.

WE HAD IT FIRST.

NEW YORKERS PAID A PRICE AND WE NEED HELP AND WE NEED WHAT IS FAIR.

AND I'M GOING TO DO MY BEST TO MAKE SURE WE GET IT.

IT'S NOT JUST ABOUT S.A.L.T.

AND ABOUT THE TAXES.

NEW YORK HAS BEEN CONSISTENTLY ASSAULTED BY THE INCOMPETENCE, FRAUD, AND ILLEGALITY OF THE FEDERAL GOVERNMENT.

AND THE FISCAL CRISIS IS LEGALLY AND ETHICALLY THEIR LIABILITY.

YES, PRESIDENT TRUMP IS GONE.

THE DAMAGE TO NEW YORK REMAINS.

THIS WAS NOT ABOUT HAVING AN INDIVIDUAL LEAVE THE WHITE HOUSE.

IT WAS TO RESTORE THE DAMAGE THAT HE DID.

CHANGE THE POLICIES.

THAT'S WHY THE PEOPLE OF THE COUNTRY VOTED TO REMOVE HIM.

THAT'S WHY THE PEOPLE OF THIS COUNTRY VOTED TO CHANGE THE LEADERSHIP IN THE SENATE.

IT'S TO CHANGE THEIR POLICIES.

NOT JUST TO CHANGE THE FACE AND THE NAME.

IT WAS A VOTE TO UNDO THE DAMAGE OF THE PAST FOUR YEARS.

AND THAT'S WHAT WE WANT OUR FEDERAL REPRESENTATIVES TO DO THE COVID VIRUS HAD LEFT CHINA.

IT HAD GONE TO EUROPE.

PEOPLE WERE COMING FROM EUROPE TO NEW YORK.

THAT'S WHERE THE FLIGHTS LAND.

3 MILLION TRAVELERS.

JANUARY, FEBRUARY, MARCH.

WHEN THE FEDERAL GOVERNMENT STILL THOUGHT THE VIRUS WAS IN CHINA.

NO ONE SAID IT WAS COMING FROM EUROPE AND 3 MILLION TRAVELERS BROUGHT COVID TO NEW YORK.

HOW DO WE KNOW THEY MISSED IT?

THEY SAID THEY MISSED IT.

THAT'S HOW WE KNOW.

HEAD OF THE CDC, INTRODUCTION FROM EUROPE HAPPENED BEFORE WE REALIZED WHAT WAS HAPPENING.

THEY THOUGHT THE VIRUS WAS VACATIONING IN CHINA.

NO.

IT MOVED.

IT GOT ON A PLANE AND WENT TO EUROPE, WHICH, BY THE WAY, I'M NOT A GLOBAL HEALTH EXPERT, BUT I WOULD HAVE ASSUMED IT GOT ON A PLANE AND IT TRAVELED.

THEY DIDN'T.

DR. FAUCI SAID EVERYBODY WAS LOOKING AT CHINA BUT IT CAME FROM EUROPE.

OKAY.

THIS WAS AT NEW YORK'S EXPENSE.

THE IT TOUCHED DOWN IN NEW YORK AND WE WERE TOTALLY BLIND SIGHTED.

OTHER STATES WATCHED US AND THEY HAVEN'T NOTICED.

IT WAS BENEFITTING FROM THE NEW YORK EXPERIENCE BECAUSE THEY DID HAVE NOTICE.

THEY WENT OUT OF THEIR WAY TO POLITICIZE EVERY DECISION.

EVEN A DECISION ON HEALTH CARE FOR POOR PEOPLE.

WE GET THE LOWEST RATE OF MEDICATE REIMBURSEMENT IN THE UNITED STATES OF AMERICA.

AND THEN THEY ILLEGALLY INTERFERED WITH OUR RIGHT TO DO BUSINESS AND INTERSTATE COMMERCE THROUGH THE TRUSTED TRAVELER PROGRAM.

AND THEN YOU HAD S.A.L.T.

ON TOP OF THAT, WHICH INCREASED OUR TAXES AND REDISTRIBUTED IT.

I BELIEVE WASHINGTON WILL BE FAIR.

PRESIDENT-ELECT JOE BIDEN I'VE KNOWN FOR MANY YEARS.

THIS IS IS A GOOD MAN.

THIS IS IS A COMPETENT MAN.

SHE WENT FIRST SHE COULDN'T GET IT DONE BECAUSE THE SENATE IS CONTROLLED BY REPUBLICANS.

NOW SENATOR SCHUMER, NOT JUST A FRIEND OF NEW YORK, A NEW YORKER.

SENATOR FROM NEW YORK AND HEAD OF THE SENATE.

SO SOMETIMES THE STARS LINE UP FOR CHANGE.

WE HAVE TO DO IT.

LIFE IS IN THE DOING.

LIFE IS IN THE DOING.

AND GOVERNMENT SOMETIMES IS NO GOOD AT THE DOING.

YOU CAN HAVE GOOD INTENTIONS BUT FAIL TO GET GOOD RESULTS.

THAT CAN'T HAPPEN HERE.

IF WE DON'T GET A BUDGET PASSED ON APRIL 1, NOBODY GETS A RAISE.

IT'S THAT SIMPLE.

NOT MY COMMISSIONERS, NOT MY STAFF, NOT THE LEGISLATORS.

NO BUDGET ON TIME?

WE FAIL TO PRODUCE.

NO ELIGIBILITY FOR A RAISE.

WE NEED THAT SAME ACCOUNTABILITY FROM WASHINGTON.

WE NEED THEM QUICKLY BECAUSE THE BUDGET IS DUE APRIL 1.

LAST POINT.

LAST POINT.

AMERICA MUST MOVE FORWARD.

WE BRING IN A NEW PRESIDENT TOMORROW.

PRESIDENT-ELECT JOE BIDEN BECOMES PRESIDENT.

JOE BIDEN TOMORROW.

AND AMERICA HAS LAUNCHED ON A DIFFERENT TRAJECTORY AND HE HAS THE RIGHT TO SHIP SISTER STILL BROUGHT BY THE CONTROVERSY.

ACROSS THE STREET, YOU CAN'T SEE IT.

WHEN YOU LOOK AT THE WINDOW, THERE'S BIG WHITE BUILDING AND THAT IS THE JUSTICE BUILDING.

THE WORD JUSTICE IS ON THE CORNER OF THE BUILDING.

ALL THROUGH LAST YEAR WHEN THERE WERE LONG DAYS AND LONG NIGHTS, DEALING WITH WASHINGTON, I WOULD LOOK OUT THE WINDOW AND I WOULD LOOK AT THAT WORD AND THAT WORD SAYS SO MUCH TO ME.

AS COMPLICATED AS LIFE GETS, FEDERAL GOVERNMENT, STATE GOVERNMENT, AS COMPLICATED AS IT GETS, THERE'S ALWAYS A SIMPLE TRUTH.

THERE'S ALWAYS SIMPLE TRUTH THAT YOU FEEL HERE.

MY FATHER, GOD REST HIS SOUL, USED TO SAY A RIGHT THING.

THERE'S A RIGHT AND A WRONG.

AND THE RIGHT THING, THE GOAL IS JUST DO JUSTICE.

JUST DO JUSTICE.

AND THAT'S WHAT THIS COUNTRY NEEDS BACK.

JUST DO JUSTICE.

AFTER FOUR YEARS OF UGLINESS AND FIGHTING AND VENDETTAS AND POLITICS AND DIVISION AND PLACING WEDGES ALL ACROSS THE COUNTRY AND TRYING TO PULL PEOPLE APART AND TRY TO PURSUE THE POLITICS OF DIVIDE AND CONQUER, JUST DO JUSTICE.

WHAT IS JUSTICE?

WASHINGTON SHOULD FINANCE THE COVID WAR AND THE RECONSTRUCTION.

WASHINGTON SHOULD RAISE THE REVENUE NATIONALLY IN A PROGRESSIVE WAY TO FUND THE COVID WAR.

IT SHOULDN'T PIT ONE STATE AGAINST THE OTHER.

I'M JUST GOOD AT NAVIGATING YOUR TAX QUOTE.

CHANGE IT.

SO THE RICH CORPORATIONS DON'T GET AWAY WITH ALL THESE LOOPHOLES.

CHANGE IT.

THAT'S JUSTICE AND IT'S NOT RIGHT.

JUSTICE IS WE HELP ONE ANOTHER.

AMERICA HAS ALWAYS RECOGNIZED THAT WHEN ONE STATE HAS A NEED, WHEN ONE STATE IS IN TROUBLE, OTHER STATES HELP.

FORGET THE POLITICS.

FORGET WHAT IS RIGHT.

THERE IS IS A COMMUNITY ASPECT TO THIS NATION.

IF SOMETHING HAPPENS, SO YOU A HURRICANE, A FLOOD, A STORM.

WE'RE THERE TO HELP.

WE'RE THERE TO HELP AS NEIGHBORS, AS A GOVERNMENT.

AND POST 9/11, POST HURRICANE SANDY, THAT'S WHAT WE DID, NEW YORK STATE HAD THE FIRST FIRST AND WORST ATTACK.

WHAT IS JUSTICE?

STOP THE PAST PARTISAN UGLINESS.

NEW YORK IS DEMOCRATIC.

BLUE STATES, RED STATES?

NO.

RED, WHITE, AND BLUE STATES.

WHAT IS THE DIFFERENCE?

FORGET THE POLITICAL LABELS.

GET TO NATIONAL UNITY AND DO IT BY BEING FAIR TO ALL.

NEW YORK'S FUTURE IS BRIGHT.

WE JUST NEED WASHINGTON TOO RESTORE JUSTICE AND BE FAIR.

NEW YORKERS ARE READY, WILLING, AND ABLE TO RELAUNCH NEW YORK.

QUESTION BELIEVE THAT NEW YORK STATE IS GOING TO BE BETTER THAN HAS EVER BEEN BEFORE.

WE LAID OUT A FULL PLAN.

WE'RE READY TO GO.

WE'RE GOING TO BE A LEADER IN THE GREEN ECONOMY.

WE HAVE 100 PROJECTS ACROSS THE STATE.

READY TO GO.

WE ARE DOING THE LARGEST WIND TURBINE PROJECTS IN THE UNITED STATES OF AMERICA.

WITH MANUFACTURING CAPACITY FOR WIND TURBINES.

FIVE NEW PORTS.

IT'S GOING TO BE ASSESSABLE AND AFFORDABLE BROADBAND FOR EVERYONE.

WHAT HAPPENED DURING COVID WAS A SHAME.

THAT REMOTE LEARNING LEFT CHILDREN BEHIND WHO COULDN'T AFFORD BROADBAND ACCESS AND THOSE ARE GOING TO BE POOR, BLACK, AND HISPANIC CHILDREN.

THAT'S WHAT IT'S GOING TO BE.

THAT'S ALWAYS THE PEOPLE WHO ARE ON THE SHORT END OF THE STICK.

WE UNDERSTAND THE URBAN ENVIRONMENT ONLY EXISTS WITH IT.

AND WE'RE GOING TO GET IT REOPENED FASTER THAN ANYONE ELSE.

WE'RE GOING TO WORK WITH OUR BUSINESSES THAT TOOK IT RIGHT ON THE CHIN.

WE HAVE PEOPLE WHO ARE HUNGRY AND WE'RE GOING TO BE THERE TO HELP THEM.

WE'RE GOING TO BUILD BACK A STATE THAT YOU'VE NEVER SEEN BEFORE.

WE UNDERSTAND WE ARE STILL LIVING ON OUR FOREFATHER'S WORK.

WE HAVEN'T BUILT WHAT THEY BUILT.

WE ARE STILL LIVING ON THEIR LEGACY.

NEW RECREATION.

A TRAIL CONNECTING ALL OF NEW YORK WHERE YOU CAN BIKE OR HIKE FROM CANADA TO NEW YORK CITY ALL THE WAY ACROSS THE STATE.

WE KNOW WE CAN DO IT.

WE KNOW IT WILL WORK.

BECAUSE THAT'S WHAT WE DO IN NEW YORK.

WE BUILT THE GREATEST STATE ONCE BEFORE AND WE KNOW WE'LL DO IT AGAIN.

WE HAVE A STRENGTH.

WE WENT THROUGH THE COVID CRISIS.

IT TESTED US.

AND WE WERE ALONE.

WE OVERCOME AND WE LEARNED ABOUT OURSELVES.

IF WE COULD GET THROUGH THAT AND LEARN FROM THAT WE ARE THE BETTER FOR IT.

PRESSURE MAKES SOME PEOPLE IN PLACES CRUMBLE.

PRESSURE ALSO FORGES-- NEW YORKERS ARE DIAMONDS, IN MY OPINION.

THEY HAVE THE GREATEST PRESSURE.

THEY WENT THROUGH MORE THAN ANYONE COULD BE EXPECTED AND THEY CAME THROUGH IT.

THEY DID IT TOGETHER.

WE ARE UNITED IN A WAY WE HAVE NOT BEEN UNITED BEFORE.

THIS PLAN, THIS GOAL, IT'S ALL OF US TOGETHER.

IT'S ALL OF US COMMITTED TO DEFEATING COVID AND BUILDING A NEW YORK THAT IS BETTER THAT QUESTION LEAVE OUR CHILDREN.

AT THE END OF THE DAY, IT'S SIMPLE.

EVEN IF THE DAY IS LONG, WE'RE HERE TO LEAVE A BETTER PLACE TO OUR CHILDREN THAN WE INHERITED.

THAT'S IT.

LEAVE IT BETTER THAN YOU FOUND IT.

A FAIRER, SWEATER, MORE JUST, CLEANER, STRONGER, MORE LOVING NEW YORK.

>> WE HEARD GOVERNOR CUOMO'S 2021 BUDGET ADDRESS.

IF YOU JOINED US A LITTLE BIT LATE.

I'M DAN CLARK THE HOST OF "NEW YORK NOW."

AND WITH ME IN STUDIO IS DAVID LOMBARDI, AND AN MAN DATA PRICE.

I THINK WE HEARD A LITTLE BIT MORE THAN I WAS EXPECTING BUT NOT QUITE ENOUGH DETAILS TO PUT A LOT OF PEOPLE AT COMFORT, I THINK.

THE GOVERNOR HAS THESE TWO SITUATIONS, HE SAYS.

NUMBER ONE, IF THE STATE GETS $6 BILLION FROM THE FEDERAL GOVERNMENT.

NUMBER TWO, IS IF THE STATE GETS $15 MILLION FROM THE FEDERAL GOVERNMENT.

I'M A LITTLE SURPRISED, DAVE, WE DON'T HAVE A SCENARIO IF WE GET ZERO DOLLARS FROM THE FEDERAL GOVERNMENT.

>> THAT WAS THE MOST UNSATISFYING BUDGET ADDRESS I'VE EVER SEEN THE GOVERNOR DELIVER.

I BASICALLY JUST WATCHED HIM DO THE BEST OF OVER THE PAST NINE MONTHS SINCE THE PANDEMIC HITS.

WE HAD HIM PLAYING ALL THE FAVORITES, S.A.L.T., FEDERAL AIDS, WE CAN'T RECOVER WITHOUT MORE HELP.

THERE IS NOTHING HERE.

WE DON'T KNOW HOW MUCH WE'RE SPENDING IN PROPOSING FOR 2022.

I'M ASSUMING HE'S PLANNING A 2% GROWTH.

WE DON'T KNOW THAT AS WE TALK NOW.

MAYBE LATER TODAY WE'LL GET FINANCIAL PLAN INFORMATION.

WE DON'T KNOW WHERE WE'RE GOING TO BE RAISING MONEY LOCALLY FROM.

THERE IS ONLY SOME SORT OF MONEY PLANNED IN THE BUDGET.

THERE ARE MIN MILLION TAX INCREASES IN FEES TUCKED INTO THE GOVERNOR'S PROPOSAL.

NONE OF THAT HERE.

IT'S LIKE YOU SAID, HE'S PLAYING OUT THE FALSE NARRATIVE THAT WE DIDN'T GET OF BILLION OR $15 BILLION FROM THE FEDERAL GOVERNMENT.

DURING THE SPEECH I WAS TALKING TO MUNICIPAL LEADERS AND THEY WERE THINK THE GOVERNOR THINKS FUTURE FEDERAL AID WILL GO TO THE STATE.

WE NEED MONEY AT THE COUNTY LEVEL.

BUSINESSES WANT MONEY.

THIS IS JUST A COMPLETE FALSE NARRATIVE THAT THE GOVERNOR PROPOSED.

>> NOT A LOT OF DETAILS.

>> NO.

>> NOT TO THINK WE GET A LOT OF DETAILS.

USUALLY WE GET MORE DETAILS FROM THE BUDGET DIRECTOR AND THE BACKGROUND BRIEFING.

BUT IT WAS VERY VAGUE.

AND I THINK THAT MIGHT BE BECAUSE THE GOVERNOR IS A BIG QUESTION MARK.

NO MATTER HOW FRIENDLY HE IS WITH JOE BIDEN AND CHUCK SCHUMER.

AT THE END OF THE DAY, WE DON'T KNOW WHAT CONGRESS IS GOING TO DO IF THEY DO ANYTHING AT ALL.

>> WE'VE BEEN DEALING WITH THIS AND WAITING FOR THE FEDERAL GOVERNMENT TO PROVIDE SOME TYPE OF FUNDING TO NEW YORK SINCE THE SUMMER.

AND WITH THAT, THE STATE HAS WITHHELD FUNDS TO NONPROFITS, SCHOOLS.

I DON'T KNOW.

THE LEGALIZATION OF MARIJUANA WOULD NOT PROVIDE AN IMMEDIATE REVENUE THIS YEAR.

IT WOULD BE SEVERAL YEARS ABOUT $300 MILLION IN ANNUAL REVENUE.

I'M ASSUMING THE SAME FOR MOBILE SPORTS BETTING.

>> IT GETS UP AND RUNNING FASTER.

I THINK THERE YOU SEE MORE DISAGREEMENT ABOUT THE PROJECTED REVENUES.

IT'S INTERESTING TO HEAR THE FRAMING FROM THE GOVERNOR TALKING ABOUT HOW THE STATE SHOULD BE IN THE BUSINESS OF RUNNING THE SPORTS GAMBLING BECAUSE, YOU KNOW, WHY DO WE WANT THE CASINOS TO GET ALL THE BENEFITS.

HE'S BEING SHORT SIGHTED BECAUSE CASINOS CREATE JOBS.

THEORETICALLY THERE WOULD BE MORE JOBS.

UNDER THAT LOGIC, YOU KNOW, THE GOVERNOR SHOULD ALSO BE WORKING A CRAPS TABLE IN ALBANY TO HELP RAISE MONEY AND THERE SHOULDN'T BE A CASINO IN.

THE ARGUMENTS ARE KIND OF WEIRD.

HE MENTIONED WITH REGARD TO MARIJUANA $100 MILLION EQUITY FUND.

I KNOW WE WERE-- THIS IS NEW.

THIS IS SOMETHING HE'S MAKING A BIG COMMITMENT.

I WAS TEXTING WITH PEOPLE WHO ARE PROPONENTS OF IT.

THEY'RE RESERVING THEIR BACK FLIPS UNTIL THEY SEE BUDGET TEXT.

THEY WANT TO KNOW IF IT'S A NEW CONCRETE PROPOSAL FROM THE GOVERNOR OR LIP SERVICE WHERE IT'S $100 MILLION.

I WAS RESEARCHING IN DECEMBER AND I WAS READING THE BILL LINE BY LINE AND THE FIRST STORY I WAS DOING.

IF THERE IS A SECTION THAT SAYS SOME OF THE MONEY COULD BE USED FOR THE SOCIAL EQUITY-- >> RIGHT.

>> IT DOESN'T HAVE AN EARMARK FOR IT.

IT JUST SAYS WE CAN USE THE MONEY-- >> IT'S A MISSION STATEMENT.

>> YEAH.

I'M WONDERING FOR THE GOVERNOR'S PROPOSAL IF HE'S SAYING PUBLICLY IT'S GOING TO BE $100 MILLION AND THE LEGISLATION WILL HAVE SOMETHING OF A LITTLE BIT MORE VAGUE NATURE, I GUESS.

MANY, WHAT ELSE POPPED OUT?

I WOULD RATHER DO IT IN THE BUDGET PROCESS.

HOWEVER THE PRESENTATION TODAY WAS COMPLETELY VOID OF ANY DISCUSSION AS TO WHETHER THERE WOULD BE ANY REVENUE RAISERS IN THAT REGARD.

OTHER THAN HE DID MENTION POTENTIALLY IF THE STATE GETS $15 BILLION FROM THE FEDERAL GOVERNMENT, THEY'LL BE ABLE TO MOVE FORWARD WITH A TAX CUT FOR MIDDLE CLASS RESIDENTS.

>> IT'S INTERESTING.

THEY GENERATE MORE OF A DEFICIT.

>> YEAH.

$10 BILLION MORE PER YEAR FROM THAT.

HE HAD SOMETHING HE CAN PUT SOME KIND OF PRESSURE ON PEOPLE.

I'M WONDERING WHAT HE'S THINKING DOWN THE ROAD.

WHEN HE SAYS WHY AREN'T YOU DELIVERING FOR NEW YORKERS.

YOU'RE THE ONE RESPONSIBLE FOR THIS NOW.

IS I CAN'T BLAME MITCH MCCONNELL.

I'M NOT RAISING TAXES.

THIS IS GOING TO BE ON YOU.

>> ON THE OTHER SIDE, HE'S PAINTING A ROSIE PICTURE WHAT WOULD HAPPEN IF THE STATE GETS THE FULL $15 BILLION.

I WAS WRITING DOWN THE LIST OF PROPOSALS.

NOT REALLY PROPOSALS BUT THINGS THAT THE STATE COULD, IN THEORY, I GUESS IF WE GOT THE $15 BILLION.

THAT'S ONE OF THE QUESTIONS WE HAVE NOW.

HOPEFULLY WE'LL GET IT LATER TODAY.

LIKE I HOPE, IT'S A LINE BY LINE BREAK DOWN OF WHAT WE'RE LOOKING IN TERMS OF THE BUDGET.

AS DAVE SAID AT THE TOP OF OUR ANALYSIS HERE, WHAT WE NEED HERE IS A NUMBER OF HOW MUCH IS THE STATE GOING TO SPEND?

>> YEP.

>> HOW MUCH ARE WE PROJECTING IN REVENUE?

AND WHAT DO WE DO TO MAKE THE TWO NUMBERS MEET.

THERE'S SOME OTHER STUFF THAT, YOU KNOW, IS IN HERE.

SOMETHING I FOUND INTERESTING, ACTUALLY, $50 MILLION IN TAX CREDITS FOR RESTAURANTS THAT HAVE BEEN HURT REALLY BAD BY THE PANDEMIC.

THAT'S NOT GOING WELL, OBVIOUSLY.

AND WHAT WILL HAPPEN IF THEY RECEIVE THE $15 BILLION FROM THE FEDERAL GOVERNMENT AND BASICALLY THE WAY IT WAS LAID OUT IF WE GET $6 BILLION, WE HAVE TO CUT EVERYTHING.

BUT IF WE GET $15 BILLION, ALL OF THESE AMAZING THINGS WILL BE AVAILABLE TO NEW YORKERS.

>> THAT'S THE FRAMING.

HE ALSO WENT STRONG ON THE S.A.L.T.

CAP, WHICH IS NEW 2017 CAP STATE AND LOCAL.

THE FEDERAL GOVERNMENT CAPS STATE AND LOCAL DEDUCTIONS AT $10,000.

THE GOVERNOR IS SAYING IF YOU WANT TO GO HARD ON THE NEW DEMOCRATIC CONGRESS, TO REPEAL IT.

WHAT ARE THE CHANCES, DAVE?

>> I WOULDN'T HOLD MY BREATH.

UNLIKELY.

I THINK IT'S UNLIKELY THEY'LL BE ABLE TO GET THE VOTES FOR THAT BECAUSE IN ORDER TO DO SOMETHING LIKE THAT, CONGRESS WOULD PROBABLY HAVE TO SCALE BACK SOME OF THE TAX DEDUCTIONS THEY PASSED.

IT'S GOING TO RESHAPE THE WHOLE THING.

NANCY PELOSI HAS A VERY SLIM MARGIN.

CHECK SCHUMER HAS AN EVEN SLIMMER MARGIN.

I DON'T THINK MANCHIN IS EXCITED ABOUT DOING THIS.

>> I HAVE TO CUT YOU OFF.

WE'RE OUT OF TIME.

SEE YOU BACK HERE THIS WEEKEND FOR YOUR REGULAR EDITION OF "NEW YORK NOW."

UNTIL THEN, THANK YOU FOR JOINING ME AND WE'LL SEE YOU SOON.