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Cuomo Signs New Jobs Effort Into Law But Isn't Sold On Livery Cab Bill

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Governor Andrew Cuomo was in Brooklyn Friday to sign off on legislation geared toward combating unemployment and putting young people to work, but he said he may not approve a bill that the city hopes will bring $1 billion in new revenue. NY1’s Michael Herzenberg filed the following report.

Governor Andrew Cuomo put his name on a measure Friday that will bring $87 million to disadvantaged youth in urban areas like the city.

"We're going to step up and we're going to lead,” said Cuomo.

Students, teachers and politicians supported Cuomo at City University's Medger Evers College where the governor explained the initiative, which is part of the tax overhaul deal reached this week.

"It is a stipend paid to people who are in the job training program… and then it is a tax credit program for corporations," said Cuomo.

Youth unemployment in New York State is 25 percent. Among minorities, the rate approaches 40 percent.

"I just want to get into the field so I can get experience," said one student.

Cuomo addressed another problem in Brooklyn: yellow taxi cabs.

The State Assembly sent a bill to the governor’s desk that would add some 2,000 taxi medallions to city streets and allow street hails of some livery cabs in residential areas outside of most of Manhattan.

"The concept behind it, I think, is right," said Cuomo.

Mayor Michael Bloomberg sounded optimistic about the bill Friday morning.

"We've changed, as far as I can tell, to accommodate every single objection that—or suggestions that—he has made,” said Bloomberg. “I hope he signs it."

If the governor doesn't sign the bill in 10 business days, it becomes law, but he said there are issues that still need to be worked out.

"The livery cars want to be able to pick up at airports, for example. The yellow cars don't want them to be able to do that. There are questions of boundaries, where can the livery cars go," said Cuomo.

If he's not satisfied, the governor said he'll veto the bill, and that means the $1 billion the city is counting on will have to wait for next year, too. ClientIP:, UserAgent: CCBot/2.0 ( Profile: TWCSAMLSP