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SUMMARY OF THE GOVERNOR’S PROPOSED 2008 BUDGET

Prepared by the staff of The Business Council
January 25, 2008

Following are the specific budget summaries by issue area:

CONTRACT PROCUREMENT

Procurement Stewardship Act (PSA) (S.6806/A.9806, Part F)

Centralized Procurement Contract Fee (S.6806/A9806, Part F)

State Procurement Council (S.6806/A.9806, Part F)

Local Government contracting flexibility (S.6806/A.9806, Part Q)

ECONOMIC DEVELOPMENT

Omnibus Economic Development Investment Act (S.6809/A.9809, Part V)

Investment Opportunity Fund (S.6809/A.9809, Part V)

Electricity Cost Savings Program (S.6809/A.9809, Part Y)

IDA State Cost Recoveries (S.6809/A.9809, Part P)

UDC Loan Authority (S.6809/A.9809, Part W)

EDUCATION

School District Funding and Accountability (S.6807/A.9807)

SUNY/CUNY Procurement Enhancements (S.6807/A.9807, Part D)

Endowing Education through Monetization of the Lottery (S.6807/A.9807, Part E)

SUNY/CUNY Capital Projects (S.6807/A.9807, Part L)

Public Assistance Cost Shifting (S.6807/A.9807, Part Y)

Increased Use of Wage Reporting for Enforcement Purposes (S.6807/A.9807, Parts M and V)

ENERGY

Assessment on nuclear power plant licensees (S.6810/A.8910, Part K)

NYSERDA funds transfer authorization (S.6809/A.8908, Part T)

Authorizes NYSERDA to utilize electric and gas assessments to fund programs (S.6809/A.8909, Part S)

ENVIRONMENT

Increase Title V Permit (S.6809/A.9809, Part EE)

Reform of the Brownfields Tax Credits (S.6810/A.9810, Part D)

Reform of the Brownfields Cleanup Program (S.6810/A.9810, Part E)

Expand the “Bottle Bill” (S.6809/A.9808, Part GG)

FINANCIAL SERVICES INDUSTRY

Repeal of the private label credit card law (S.6810/A.9810, Part F)

Elimination of certain Real Estate Investment Trust (REIT) and Regulated Investment Company (RIC) provisions - (S.6810/A.9810, Part U)

Classifying credit card companies doing a specified level of business in New York - (S.6810/A.9810, Part Y)

HEALTH CARE

HCRA Extension & Amendments (S.6808/A.9808, Part B)

For-Profit HMO Premium Tax (S.6810/A.9810, Part K)

Child Health Plus Expansion (S.6808/A.9808, Part B)

Pharmacy (S.6808/A.9808, Part C)

Hospitals (S.6808/A.9808, Part C)

Health Insurance Mandates (S.6805/A.9805)

Insurance Department Assessment

MANDATE RELIEF/GOVERNMENT REFORM

Local Efficiency Grants (S.6806/A.9806, Part O)

Wicks Law (S.6806/A.9806, Part Q)

TAXATION

MTA Surcharges (S.6810/A.9812, Part R)

HMOs (S.6810/A.9812, Part K)

HCRA (S.6808/A.9808, Part B)

Article 9-A Capital Base Rate and Calculation (S.6810/A.9812, Part J)

Not-for-profit Sales Tax Collections (S.6810/A.9812, Part K)

Credit card company nexus (S.6810/A.9812, Part Y)

Voluntary Disclosure Program (S.6810/A.9812, Part Z)

Prepayment requirements for MTA surcharges (S.6810/A.9812, Part V)

Sales tax nexus for vendors (S.6810/A.9812, Part X)

LLCs, partnerships and Joint Ventures (S.6810/A.9812, Part S)

Financial Services ITC

Federal Decoupling (S.6810/A.9812, Part I)

Motor fuel tax restructure (S.6810/A.9812, Part H)

Private Label Credit Cards (S.6810/A.9812, Part F)

REITS (S.6810/A.9812, Part U)

Eliminating Tax Avoidance Provisions (S.6810/A.9812, Part U)

Audits & Compliance

Mortgage Recording Fees (S.6808/A.9806, Part P)

RPT Fees (S.6808/A.9806, Part T)

Utility GRT (S.6808/A.9806, Part P)

TRANSPORTATION

Western Hemisphere Travel Initiative (S.6809/A.9809, Part G)

Bridge Preservation Program (S.6809/A.9809, Part J)

Traffic Congestion Mitigation Fund (S.6809/A.9809, Part L)

Clarify the Commissioner of Taxation and Finance’s powers under Article 21 of the Highway Use Tax (S.6810/A.9810, Part O)

UNEMPLOYMENT INSURANCE

WORKERS’ COMPENSATION

Hospital Reimbursement Rates (S.6808/A.9808, Part C, Section 17)