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GAMBLING TO HELP FIGHT NEW YORK'S DEFICIT?
Tuesday December 6,2011 : Tax changes, public -private partnerships and legalised gambling part of governor's plan
New York governor Andrew Cuomo wants to overhaul the tax system, use public-private partnerships to repair the state’s infrastructure, and legalise gambling as part of a wide-reaching jobs creation plan, according to an opinion editorial piece that his office despatched to media outlets over the weekend.
The Bloomberg news group reported that the governor is seeking bi-partisan support for his plan to address a $350 million deficit in the current fiscal year and as much as $3.5 billion in fiscal 2012, which starts April 1.
The plan will be discussed Tuesday and Wednesday in special Republican and Democrat meetings of the state's politicians. The Legislature had not been scheduled to reconvene until January.
In the opinion piece, Cuomo called for establishing a state infrastructure fund to finance the repair and development of highways, bridges and major construction projects… without specifying the amount of money involved.
“I will be reaching out to Democratic and Republican officials in a spirit of cooperation and compromise so that together we can enact a real economic program that creates jobs,” Cuomo wrote.
Cuomo described revenue as “collapsing” during a press conference in Albany last week as taxes collected on Wall Street wages and bonuses decline.
The governor, who took office in January 2011, has cut spending and won concessions from labour unions. He is now seeking a stimulus package that would increase spending on road and bridge construction; finance new programs to train poor urban youths; and legalise resort-style casino gambling to raise tax revenues.
“Our goal in New York should be twofold: to fashion a job-creating economic plan, and to defy political gridlock like we see in Washington and make government work to actually implement the plan,” Cuomo wrote.
However, observers have pointed out that some of the changes will take time to implement: legalising full-scale commercial casinos would require amending the state’s Constitution, for example - a process that would require approval from two consecutive Legislatures and then a voter referendum.
Gambling News :
US$30M DUBAI WORLD CUP -
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NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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