WXXI AM News

Capitol Bureau

Albany, New York – State Comptroller Tom DiNapoli says despite the big drop on Wall Street Monday, he believes the state's massive pension fund can withstand market swings.

DiNapoli, as State Comptroller, is sole trustee of the state's multi billion dollar pension fund. In a statement, the Comptroller says while the over 630 point drop in the stock market is a "concern", he thinks the fund can deal with market swings , saying as a long term global investor, he has "long term confidence in the global marketplace".

Albany, NY – Some of the major provisions of the federal health care reform act don't take effect until 2014, but New York State has already begun to figure out how to comply with the changes, which will require every state to set up a health insurance policy exchange for the uninsured.

Albany, New York – The push to change teacher hiring rules to end the policy of last hired first fired got a boost when Governor Andrew Cuomo introduced a bill to extend the proposal to all schools in the state.

Albany, New York –
A major New York State union is going on the air with televisions ads to try to convince state lawmakers to continue a tax on the wealthy instead of adopting Governor Cuomo's billion and half dollars in school aid cuts.

Matt Ryan, New York Now

Albany, New York –
In a move that veteran lawmakers called "unprecedented", Governor Andrew Cuomo sent his Lieutenant Governor, Robert Duffy, to defend his proposed school aid cuts to a joint hearing of the legislature's education and fiscal committees.

Albany, New York –
A coalition of groups that traditionally oppose spending cuts spoke out against Governor Cuomo's budget, which seeks to slash $10 billion dollars from schools, health care and state services. Cuomo, who has begun touring the state to promote his spending plan, says he's undeterred.

Albany, New York –
Governor Andrew Cuomo released a budget plan Tuesday that he said would shake up the way budgets are made in Albany, but the governor left some questions unanswered in his spending plan.

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