State budget full of taxes, some spending cuts

(AP) - Wealthier New Yorkers will be paying moretaxes under the state budget agreement worked out by Gov. DavidPaterson and legislative leaders over the weekend.But

ALBANY - (AP) - Wealthier New Yorkers will be paying moretaxes under the state budget agreement worked out by Gov. DavidPaterson and legislative leaders over the weekend.

But the overhaul of Reagan-era income tax brackets doesn'tinclude using $1 billion for a relief program to reduce the taxbills of middle-class families.

Paterson says tough choices were made in order to close thelargest deficit in the state's history.

The nearly $132 billion budget for the state fiscal year thatbegins Wednesday is more than $10 billion above the currentspending plan, but most of that is in federal economic stimulusfunds.

One casualty of the budget is the STAR rebate check taxpayershave been receiving. But $170 million in spending for legislators'pet projects back home remains untouched.

advertisement | advertise on News 12

Trending Video

Kilusan Bautista once lived in Crown Heights until 1 NYC man's show puts spotlight on gentrification
Witnesses say a 10-year-old boy was struck by 2 Witnesses: 10-year-old hit by car in Brooklyn
Demonstrators protest on the National Mall in Washington, 3 Over 1 million join anti-Trump women's marches worldwide
Activists joined a slain teen's family members Wednesday 4 Activists march for justice 22 years after teen's death

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE