Light Rain Fog/Mist 46°
Tag:

Budget Deficit

Politics
Cuomo Wants To Add New Fee For These DMV Transactions As Part Of New Budget Cuomo Wants To Add New Fee For These DMV Transactions As Part Of New Budget
Cuomo Wants To Add New Fee For These DMV Transactions As Part Of New Budget Facing an unprecedented budget deficit amid the COVID-19pandemic, New York Gov. Andrew Cuomo has proposed additional fees for online transactions made through the state’s Department of Motor Vehicles. In his $193 billion budget proposal released earlier this week, Cuomo proposed a new $1 fee for each transaction made through the DMV as the state faces a record-setting $15 billion budget shortfall. The new fees would keep motorists at home during the COVID-19 crisis while providing the state with additional revenue to offset the deficit. Fees would apply to the registration, re-registratio…

SHARE

by Zak Failla
Politics
Cuomo Proposes Raising Taxes On Wealthiest NYers Cuomo Proposes Raising Taxes On Wealthiest NYers
Cuomo Proposes Raising Taxes On Wealthiest NYers With New York facing a record-setting $15 billion deficit amid the COVID-19 pandemic, Gov. Andrew Cuomo’s budget proposal includes a potential tax hike for the state’s wealthiest residents. In his budget proposal this week, Cuomo proposed raising taxes on the rich to a combined level of 14.7 percent, which would be the highest state and local tax rate in the nation as New York looks to dig out of the financial hole created during the pandemic. The top tax rate would rise to 10.86 percent, up from 8.82 percent, making it the highest income tax in the nation. It would only impact those making…

SHARE

by Zak Failla
News
COVID-19: Cuomo Outlines Plan To Defeat Virus In 'State Of State' Address COVID-19: Cuomo Outlines Plan To Defeat Virus In 'State Of State' Address
Covid-19: Cuomo Outlines Plan To Defeat Virus In 'State Of State' Address COVID-19 dominated Gov. Andrew Cuomo’s “State of the State” address as he looked forward to a rosier 2021 after a rough 2020, and vowed to win the war on the virus. In his 11th “State of the State” address, Cuomo’s agenda spoke of “Reminding, Rebuilding, and Renewing” New York as it combats COVID-19 and faces a questionable economy with a $15 billion deficit following a near year of battling the pandemic. “Do you remember last spring?", Cuomo stated. "Do you remember what New Yorkers did in their darkest hour? I will never forget it. When COVID ambushed New York and we went from one ca…

SHARE

by Zak Failla
Politics
Cuomo Says He'll Defer Scheduled Pay Raise Amid NY's $63B Budget Deficit Cuomo Says He'll Defer Scheduled Pay Raise Amid NY's $63B Budget Deficit
Cuomo Says He'll Defer Scheduled Pay Raise Amid NY's $63B Budget Deficit New York Gov. Andrew Cuomo says he'll defer a scheduled pay bump in 2021 amid the state's massive budget deficit. Cuomo was due to receive the $25,000 pay raise in January, bringing his total annual compensation to $250,000, the highest salary for a governor in the country. The raise was part of legislation already passed in 2019. At the same time, other New York officials’ salaries will stay stagnant year-over-year due to the impact of the COVID-19 pandemic. Cuomo said on Wednesday, Nov. 18 shortly after news of the raise became public that he planned to defer the pay increase and woul…

SHARE

by Zak Failla