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Cuomo unveils state budget proposal

Cuomo unveils state budget proposal

A Democratic state lawmaker from Brooklyn interrupted Gov. Andrew Cuomo's annual state budget address Tuesday - again. Cuomo has hinted he might propose a payroll tax to replace or build on the state's income tax, a move that would require the employer to also pay a portion. When a $4 billion deficit is looming, the first thing to do is reduce spending, not increase taxation.

Meanwhile, relatives of New Yorkers who suffered through terminal illnesses returned to Albany last week to urge passage of a law authorizing people with fatal diseases to seek life-ending medication from a physician. State Sen. John DeFrancisco, a Republican, has been talking to party members statewide about the prospect and former Syracuse Mayor Stephanie Miner has been toying with the idea of challenging Cuomo in a primary. And the employers may still deduct those payroll taxes on their federal return.

"We should take a look at ourselves and try to figure out why we're considered a high spend, high tax state", said Blankenbush (R. - 117th District). And it fails to make any significant changes in the way the state distributes school aid to ensure the neediest school districts get the funding they need.

In December, the Board of Regents requested a $1.6 billion aid increase, including $1.25 billion more in foundation aid.

"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.

Honda Accord named vehicle of the Year
Lincoln seized its truck honor over General Motors Company (NYSE: GM)'s Chevrolet Colorado ZR2 and the Ford Exhibition. To be eligible for the awards, a vehicle had to be new or substantially changed for the current year.

This year's budget could lay out big changes in state taxes. At this juncture, that - not the deficit itself and not the new US tax code - is the biggest challenge facing the Empire State.

"Simply shifting New York's ever-increasing tax burden onto employers - rather than reducing state spending or reforming property taxes - will likely exacerbate New York's already well-established economic challenges and population decline", said Greg Biryla, executive director of Unshackle Upstate. State spending is on track to grow by 1.9 percent over past year, keeping with Cuomo's self-imposed 2 percent spending increase cap.

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. In all, the state said $1.9 billion came in 2017 by such pre-filing of state taxes.

"We're looking at all options, " Cuomo said.

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