Cuomo seeks NY tax revisions to thwart federal changes

Inmate advocates hailed Gov. Cuomo's decision to kill the program

Inmate advocates hailed Gov. Cuomo's decision to kill the program

NY lawmakers want to know if a new state initiative aimed at reducing property taxes is working as intended.

In a relatively somber budget address Tuesday that contained few new spending initiatives, Cuomo said the state faces challenging fiscal times, brought about by lower-than-expected tax revenues and federal funding cuts.

That includes two of New York's neighboring states: MA, whose voters approved legalized pot in 2016, and Vermont, where. Get the Medicaid tab off the counties' backs entirely, so property owners' tax load isn't so danged high that some of them will be hurt by the capping of the federal SALT (State And Local Taxes) deduction at $10,000. When a $4 billion deficit is looming, the first thing to do is reduce spending, not increase taxation.

A budget must be approved by April 1st.

"I am comfortable that where we raised revenues, that it was fair, it was right, and it's not going to hurt the long-term economy", Cuomo said.

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In his 2018 State of the State proposals, Gov. Andrew Cuomo announced his commitment to workforce development, which could have significant implications for statewide mental health reform and individuals' access to services.

"We have pressing needs all over the state. that's the easy part", Cuomo said.

His budget punted on previously floated proposals to address restrictions on the deductibility of state and local taxes on federal taxes.

The payroll tax would be paid by employers based on the wages they pay their workers.

Meanwhile, education aid will increase about $769 million, or 3 percent.

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"To put an additional type of tax on NY without getting input from the community of impact such as businesses or residents I think would be counterproductive", said Griffo (R. - 47th District).

Some lawmakers said Cuomo, angling to keep his name in the list of potential 2020 White House challengers, is intentionally overstating the size of the fiscal problems facing NY as a way to ride to a political victory when the budget is passed later this spring.

Sen. John Brooks (D-Seaford) said he has always supported medical marijuana and agreed with Cuomo's idea to study recreational legalization. "That was the problem even before the federal tax code was changed". Of that, $338 million is dedicated to payments in Foundation Aid, which is the main account school districts tap to pay for operating costs.

The Assembly leader has been among Cuomo's most vocal allies on efforts for NY to try to end-run the new federal tax law and its limit on state and local taxes.

"I am concerned about the governor's budget, there's no question", Elia said.

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