New York’s budget deadline has come and gone, and as of this morning there’s no budget yet. The midnight deadline has passed and lawmakers have yet to agree. One of the sticking points reportedly in the $200 billion spending proposal is the possibility of raising taxes on the wealthiest New Yorkers, a move that Rockland Business Association CEO Al Samuels says, would just encourage the wealthy to move elsewhere…
The legislature is proposing $7 billion in new taxes on the wealthy and corporations.