That might be a little TOO much information ...
Posted on 02/04/2019 7:32:31 PM PST by Beave Meister
ALBANY — Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget and reconsider spending on schools, health care and repairs to roads and bridges.
Cuomo, a Democrat, blamed the shortfall on a federal tax plan backed by Republican President Donald Trump. Cuomo said the law's cap on deductions for state and local taxes at $10,000 was to blame and suggested it is, anecdotally, triggering high-earners to leave New York.
“At this point there is no doubt that the budget we put forward is not supported by the revenues,” Cuomo said at a State Capitol news conference. “It’s as serious as a heart attack.”
Cuomo said he’s not certain what areas might need to be cut, but said the biggest spending areas now are education, health care, infrastructure and another phase-in of a previously approved middle-class tax cut.
The hole in revenues in December, which some analysts have called a December surprise, and continued poor performance in January have created a $2.3 billion drop in anticipated revenues, according to the Cuomo administration. Add that to the $500 million drop in revenues for December that the Cuomo administration had previously projected and the revenue hole is $2.8 billion, according to Cuomo Budget Director Robert Mujica.
(Excerpt) Read more at newsday.com ...
LOL THING
What percent of the budget constitutes patronage and payoffs? 50%?
That might be a little TOO much information ...
now cut that out! LOL
You are correct, it is merely a notional drawing.
Do California cities have income taxes?
Not to my knowledge. State goes up to 13
Bingo. Only the smarter black people in the US have put together the pieces and realized that the Democrats are pursuing nothing less than a policy of genocide against blacks.
When the monolithic black vote breaks up, the Democrats will discard any pretense and embrace any means to kill as many blacks as possible.
I see; well, there is one difference!
Wasn’t it Cuomo who said he didn’t want people without “New York values” to live in New York?
He as much as listed all the republican platform and said, on more than one occasion, that those people weren’t needed in NY.
That would have been the day I contacted my realtor.
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