Madmallard
.223 Rem
Even as he warns the upcoming state budget will be tight, Gov. Cuomo is sitting on $1.4 billion in unallocated funds that lawmakers say could be used to help boost funding for their different priorities.
Of the $9.4 billion in money the state has received since 2014 from legal settlements with financial institutions, $1.37 billion remains unallocated, according to the state controller’s office.
“There’s $1.4 billion just sitting there,” said one legislative source. “We need to have a plan to allocate it. There’s a lot of priorities that need funding, clearly.”
On top of that, legislative sources say, Cuomo is sitting on billions of dollars — some say as much as $20 billion — in additional money that has been allocated in previous budgets but has not yet gone out the door.
LOVETT: Cuomo sitting on nearly $1.4B, pols eye how to spend it
Of the $9.4 billion in money the state has received since 2014 from legal settlements with financial institutions, $1.37 billion remains unallocated, according to the state controller’s office.
“There’s $1.4 billion just sitting there,” said one legislative source. “We need to have a plan to allocate it. There’s a lot of priorities that need funding, clearly.”
On top of that, legislative sources say, Cuomo is sitting on billions of dollars — some say as much as $20 billion — in additional money that has been allocated in previous budgets but has not yet gone out the door.
LOVETT: Cuomo sitting on nearly $1.4B, pols eye how to spend it
