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    Home government finances

    government finances

    Sempolinski, Borrello critical of record $254.3B New York budget
    Local News, News
    Sempolinski, Borrello critical of record $254.3B New York budget
    Jim Eckstrom jeckstrom@oleantimesherald.com 
    May 09, 2025
    Both houses of the state legislature passed Gov. Kathy Hochul’s sweeping $254.3 billion state budget package Thursday night following days of debate a...
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    {"website":"Website"}
    Every move NY government makes comes with a cost
    Commentary, Nation World
    Every move NY government makes comes with a cost
    SEN. TOM O'MARA 
    May 08, 2025
    New York state finally has a budget. Gov. Kathy Hochul and the Democrat-led State Legislature were running state government on a series of emergency e...
    Read More...
    {"website":"Website"}
    City Finance Committee discusses bed tax revenues, retaining fourth ambulance
    Daily Headlines, Local News, News
    City Finance Committee discusses bed tax revenues, retaining fourth ambulance
    May 07, 2025
    OLEAN — The Common Council is discussing the creation of a special capital fund as a place to put dollars received from the bed tax on the two hotels ...
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    {"website":"Website"}
    How Medicaid ‘expansion’ changes could affect NY
    Commentary, New York
    How Medicaid ‘expansion’ changes could affect NY
    BILL HAMMOND 
    May 04, 2025
    ALBANY — As U.S. House Republicans consider cutbacks to federal Medicaid funding, their focus has turned to the so-called expansion population. Althou...
    Read More...
    {"website":"Website"}
    Spending actually up under Trump. Here’s why
    Commentary, Nation World
    Spending actually up under Trump. Here’s why
    May 02, 2025
    President Donald Trump is spending taxpayer money 10% faster than Joe Biden was at this time last year, according to daily financial statements releas...
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    {"website":"Website"}
    Tax relief remains a winning issue
    Commentary, Nation World
    Tax relief remains a winning issue
    Apr 30, 2025
    Markets have stabilized somewhat as President Donald Trump’s team negotiates trade deals with various nations and theWhite Housetempers its more extre...
    Read More...
    {"website":"Website"}
    Olean Local Development Corp. accepting applications Exterior Housing Rehabilitation Program
    Local News, News
    Olean Local Development Corp. accepting applications Exterior Housing Rehabilitation Program
    Apr 29, 2025
    OLEAN — The Olean Local Development Corporation announces a third round of the Exterior Housing Rehabilitation Loan Program. The EHRLP will provide fi...
    Read More...
    {"website":"Website"}
    Gov. Hochul: Agreement reached on $254B state budget
    Local News, News, NY State News
    Gov. Hochul: Agreement reached on $254B state budget
    GEOFF HERBERT syracuse.com 
    Apr 29, 2025
    SYRACUSE (TNS) — New Yorklegislative leaders have reached an agreement on a $254 billion state budget, Gov.Kathy Hochulannounced late Monday. Lawmaker...
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    {"website":"Website"}
    How Albany could save millions by closing a Medicaid loophole
    Commentary, Local Columnists
    How Albany could save millions by closing a Medicaid loophole
    BILL HAMMOND 
    Apr 25, 2025
    ALBANY — A glitch in state insurance law is allowing doctors to collect Medicaid fees that are sometimes hundreds of times higher than the program nor...
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    {"website":"Website"}
    DOGE isn’t enough to tame big government
    Commentary, Nation World
    DOGE isn’t enough to tame big government
    Apr 24, 2025
    Elon Musk is reportedly planning to spend less time tending to the budget-cutting DOGE project and more time on his businesses, according to Politico,...
    Read More...
    {"website":"Website"}
    New York is Uncle Sam’s piggy bank
    Commentary, Nation World, New York
    New York is Uncle Sam’s piggy bank
    Apr 24, 2025
    Thank you to state Comptroller Tom DiNapoli for publishing an analysis of the balance of payments between the 50 states and the federal government . T...
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    {"website":"Website"}
    Sempolinski: Wellsville town hall on hold with the NY budget
    Allegany County News, Cattaraugus County, Local News, ...
    Sempolinski: Wellsville town hall on hold with the NY budget
    Olean Times Herald staff 
    Apr 21, 2025
    Assemblyman Joe Sempolinski said he’s hoping to hold a long-scheduled town hall meeting Thursday in Wellsville — if a state budget is adopted in time....
    Read More...
    {"website":"Website"}
    Social Security Matters: Trust fund could deplete sooner than expected
    Business, News
    Social Security Matters: Trust fund could deplete sooner than expected
    DENNIS W. JANSEN The Conversation 
    Apr 18, 2025
    Roughly 67 million Americans, most of whom are 65 or older, received Social Security benefits in 2023. An estimated 183 million workers paid the Socia...
    Read More...
    {"website":"Website"}
    Extending Trump tax cuts critical for Main Street
    Opinion, opinion/columns
    Extending Trump tax cuts critical for Main Street
    PRESTON BRASHERS 
    Apr 17, 2025
    WASHINGTON (TNS) — Congress has a decision to make. Hang American small business owners out to dry, or lock in a tax system that allows America’s entr...
    Read More...
    {"website":"Website"}
    A doomsday clock is ticking
    Opinion, opinion/columns
    A doomsday clock is ticking
    Apr 17, 2025
    If the federal government wants to keep Medicare and Social Security intact for the next 75 years, it will need an extra $78.2 trillion in cash that i...
    Read More...
    {"website":"Website"}
    A Social Security doomsday clock is ticking
    Commentary, Nation World
    A Social Security doomsday clock is ticking
    Apr 17, 2025
    If the federal government wants to keep Medicare and Social Security intact for the next 75 years, it will need an extra $78.2 trillion in cash that i...
    Read More...
    {"website":"Website"}
    Extending Trump tax cuts critical for Main Street
    Commentary, Nation World
    Extending Trump tax cuts critical for Main Street
    PRESTON BRASHERS 
    Apr 17, 2025
    WASHINGTON (TNS) — Congress has a decision to make. Hang American small business owners out to dry, or lock in a tax system that allows America’s entr...
    Read More...
    {"website":"Website"}
    Finalized Olean city budget shows 6.2% tax rate increase, slight decrease in spending
    Local News, News
    Finalized Olean city budget shows 6.2% tax rate increase, slight decrease in spending
    Kellen Quigley kquigley@oleantimesherald.com 
    Apr 16, 2025
    OLEAN — A 6.2% tax rate increase to $17.90 per $1,000 of assessed value on a $29,147,462 budget is spelled out in the finalized City of Olean budget t...
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    {"website":"Website"}
    New York government only knows how to spend
    Local Columnists, New York, Opinion
    New York government only knows how to spend
    SEN. TOM O'MARA 
    Apr 15, 2025
    Gov. Kathy Hochul and the State Legislature’s all-Democrat majorities still can’t agree on a new state budget, but they’ve shown where they’re headed ...
    Read More...
    {"website":"Website"}
    Social Security Matters: Will benefit increase if I keep working after applying
    Business, Local News, News
    Social Security Matters: Will benefit increase if I keep working after applying
    RUSSELL GLOOR 
    Apr 11, 2025
    DEAR RUSTY: I am going to be 67 in a few weeks and I plan on working for another year or two. According to Social Security, they count the best 35 yea...
    Read More...
    {"website":"Website"}
    Older Posts
    Local & Social
    Latest news for you
    STEM Fair promotes potential careers in local manufacturing
    Allegany County News, Business, Cattaraugus County, ...
    STEM Fair promotes potential careers in local manufacturing
    J.P. BUTLER Olean Times Herald 
    May 10, 2025
    PORTVILLE — It was Tuesday afternoon, and Evelyn Sabina was reviewing another successful Dream It Do It event with Jeff Belt. During the conversation,...
    Read More...
    {"website":"Website"}
    Siemens local legacy continues with revolving loan fund
    Business, Cattaraugus County, Daily Headlines, ...
    Siemens local legacy continues with revolving loan fund
    JOHN BARTIMOLE Special to Olean Times Herald 
    May 10, 2025
    OLEAN — Now what happens? That was the daunting question facing the community, particularly its governmental, educational and business leaders — when ...
    Read More...
    {"website":"Website"}
    Olean Area Farmers Market opens for season today
    Agriculture, Business, Local News
    Olean Area Farmers Market opens for season today
    Olean Times Herald staff 
    May 10, 2025
    OLEAN — The Olean Area Farmers Market will hold its first market of the 2025 season today from 9 a.m. to 1 p.m. at the Lincoln Park pavilion along Sou...
    Read More...
    {"website":"Website"}
    Rock City Park open for season
    Cattaraugus County, Local News, News
    Rock City Park open for season
    Brian McClellan bjm2herzen@yahoo.com 
    May 10, 2025
    OLEAN — Now that the calendar reads “May,” people in the Olean area can be sure that one sign of spring will have arrived: Rock City Park is open for ...
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    {"website":"Website"}
    Spring into children’s programs at Olean Library
    Local News, News
    Spring into children’s programs at Olean Library
    May 10, 2025
    OLEAN — Spring is finally here and we can almost feel life quieting down a little. After a chilly winter and the chaos of the holidays, it is time to ...
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    {"website":"Website"}
    Back in The Prem, 1854 FC aiming for a better result
    Columnists, Content, Daily Headlines, ...
    Back in The Prem, 1854 FC aiming for a better result
    J.P. BUTLER Olean Times Herald 
    May 10, 2025
    OLEAN — Olean 1854 FC has been in this exact position before. In 2021, the local men’s amateur soccer team captured the Buffalo and District Soccer Le...
    Read More...
    {"website":"Website"}
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