Kathy Hochul, lawmakers spent extra month but – Latest News
It took Gov. Kathy Hochul and lawmakers an extra month to agree on this fiasco?
Legislative leaders and the gov sealed a price range deal Monday, almost a month after the deadline.
Yet the plan — with its mind-blowing $254 billion price tag, $15 billion more than final yr — dangers fiscal catastrophe within simply months.
It makes zero provision for cuts in federal assist which can be clearly coming, nor does it put together for a attainable slip in tax income ought to the economic system sluggish.
Instead, the state — which already boasts the best tax burden in America — will hike taxes but again, this time by way of a $1.4 billion-a-year payroll surcharge that can slam staff and shoppers.
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So a lot for Hochul’s “affordability agenda.”
And no, the gov’s one-time “refunds” for roughly 8 million lower-income New Yorkers ($200 for singles, $400 for married {couples}) don’t make for affordability: They’re bare “re-elect me” bribes.
Meanwhile, the deal bakes in enormous price range shortfalls for coming years.
And, again, nearly actually for this yr: Hochul and the Legislature’s leaders “plan” for coping with federal cuts is to . . . head back to Albany in a few months to (more than likely) impose new taxes that they’ll absolutely blame on President Donald Trump and Republicans in Congress.
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“The month-late state general budget agreement fails to address the imminent threat facing New York: looming federal budget cuts,” thundered the Citizens Budget Commission head Andrew Rein.
“Instead of shoring up the state’s fiscal foundation, lawmakers are dramatically increasing spending the state cannot afford in the long run.”
Yes, Hochul’s aides say the gov acquired nearly every little thing she sought in her bid to repair the invention legal guidelines (which govern evidence-gathering in felony instances) and to increase involuntary dedication of the mentally ailing.
They say the tweaks to discovery, for instance, will make it tougher for protection attorneys to get judges to toss out instances on absurd technicalities; let’s hope the superb print of the precise payments bears that out.
Meanwhile, her proposed ban on public masking acquired watered down to a triviality, and thus nearly an invitation for masked goons who terrorize Jews and shut down campuses to keep it up.
Mainly, New York’s “leaders” agreed to up each spending and taxing — and to kick the exhausting questions a month or three down the highway.
No surprise so many taxpayers keep shifting out of state.
