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TexasTowelie

(112,300 posts)
Thu Apr 4, 2019, 05:52 PM Apr 2019

How the state budget will impact your wallet, for better or worse

ALBANY - The state Legislature and Gov. Andrew Cuomo passed a balanced budget for the new fiscal year that started Monday, but New Yorkers will be paying for it in a number of ways.

While Democrats who control the state Legislature lauded the $175 billion package, there are several new taxes and fees that could hit residents' wallets.

There is some good news for taxpayers, too: a permanent tax cap and another round of middle-class tax cuts, for example.

Republicans ripped the budget, though.

"Democrats have totally turned their backs on local governments and middle-class families struggling through New York’s growing affordability crisis," said Senate Minority Leader John J. Flanagan, R-Suffolk County.

Read more: https://www.democratandchronicle.com/story/news/politics/albany/2019/04/03/new-york-state-budget-how-impact-your-wallet-better-worse/3334679002/

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