Josefa Velasquez, THE CITY This article was originally publishedon Apr 6 at 8:30pm EDTby THE CITY State lawmakers and Gov. Andrew Cuomo reached a deal on the state’s $212 billion budget Tuesday, agreeing to tax increases on wealthy New Yorkers and to create a fund for undocumented workers shut out of financial assistance during the
Tag: New York State Budget
Albany’s Tax-the-Rich Deal Sends Wealthy to Washington Looking for Relief
Greg David, THE CITY This article was originally publishedon Apr 5 at 9:58pm EDTby THE CITY Deals to raise taxes on New York’s millionaires and companies could send both fleeing the state, business leaders and fiscal experts warn — unless Washington steps in and restores some old deductions. Even as legislative leaders and Gov. Andrew
Tenants and Landlords’ Future Hang in Balance Over State Budget. Here’s What That Means
Allison Dikanovic, THE CITY This article was originally published on Mar 31 at 3:32pm EDT by THE CITY After a year of Band-Aids, lawmakers in Albany finally have the big bucks to pass a substantial relief program as part of the state budget. Here’s what you need to know about what’s on the table for
Cuomo administration officials indicate tax increases won’t be needed to balance budget
By Steve Bittenbender | The Center Square contributor/March 22nd, 2021 (The Center Square) – With just 10 days left before the new fiscal year begins, Gov. Andrew Cuomo and his staff told reporters Monday that they have found more than $5 billion in funding to restore cuts the governor’s office initially proposed in its budget.
Cuomo says New York will have to raise taxes if it doesn’t get $15 billion from federal government
By Steve Bittenbender | The Center Square/January 19th, 2021 (The Center Square) – New York Gov. Andrew Cuomo unveiled a fiscal year 2022 budget proposal Tuesday with plans to raise taxes if the federal government fails to make the state whole from the losses he blames Washington for regarding the COVID-19 emergency. Cuomo outlined two plans.
