Construction group blasts Cuomo for 'invading' funds.In a sharply worded letter to Governor Mario Cuomo Mario Matthew Cuomo (born June 15, 1932) served as the Governor of New York from 1983 to 1995. Cuomo became nationally known for his rousing keynote speech at the 1984 Democratic National Convention and the subsequent speculation over the next two decades that he might run for the , the region's largest construction trade association blasted a recent proposal by the Governor to use special tax revenues, which are earmarked for a recently-created transportation fund, to help plug an anticipated multi-billion dollar hole in the 1993-94 state budget. Ross J. Pepe, president of the Construction industry Council of Westchester and Hudson Valley
The Hudson Valley refers to the canyon of the Hudson River and its adjacent communities in New York State, generally from northern Westchester County northward to the cities of Albany and Troy. (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ) called the proposal to use Petroleum Business Tax (PBT PBT Provider Backbone Transport (networking technology adding determinism to ethernet) PBT Polybutylene Terephthalate PBT Profit Before Tax PBT Paper Based Test (education) ) revenues "an outright betrayal of the trust New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State taxpayers have placed in you and the state Legislature A state legislature may refer to a legislative branch or body of a political subdivision in a federal system. The following legislatures exist in the following political subdivisions: Pepe's remarks follow a proposal made by Governor Cuomo last week indicating that he wants to break into the "locked box" to help balance next year's budget. The "locked box" was expressly created last year with revenues from the PBT to fund state transportation capital programs. Speaking at a news conference, Gov. Cuomo said that his plan was part of a transportation proposal that would spare New York City subway The New York City Subway is a rapid transit system owned by the City of New York and leased to the New York City Transit Authority , an affiliate of the Metropolitan Transportation Authority and also known as MTA New York City Transit. and bus riders from a fare increase through 1994. It was also reported that tolls on New York City's tunnels and bridges would rise an unspecified amount as well. Anticipating the intent by lawmakers to raid the dedicated transportation funds to satisfy any budget shortfall, the construction industry has planned to launch a statewide medi campaign along with other leading industry labor and management organizations to protest this plan. "These funds were approved to replace the expired Rebuild New York Bond funds and provide for expanded and necessary highway and bridge improvements and other transportation needs," Pepe explained. "We fully expect and demand these funds be used for this and no other purpose." The CIC represents 500 construction and related firms and the more than 50,000 workers they employ in the Westchester, Rockland and the Hudson Valley region. |
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