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State Tax

Schools
Three Long Island School Districts Approve Budgets In Revotes Three Long Island School Districts Approve Budgets In Revotes
Three Long Island School Districts Approve Budgets In Revotes Three of four Long Island school districts had budgets passed in a re-vote after seeing their initial spending plans rejected by voters earlier this year. Earlier story - School Budgets Pass In All But Four Long Island Districts Last month, voters approved 116 school budgets on Long Island, with only Bridgehampton, Northport-East Northport, Three Village, and Wantagh failing to gain approval. On Tuesday, June 15, Bridgehampton and Wantagh had revised budgets approved with a “supermajority” after trimming some requests, while Northport-East Northport stuck within its cap limit and also was…

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by Zak Failla
Politics
Billions In New Taxes On Wealthy New Yorkers Proposed Billions In New Taxes On Wealthy New Yorkers Proposed
Billions In New Taxes On Wealthy New Yorkers Proposed New York’s lawmakers have proposed budgets that include nearly $7 billion in new and increased taxes on businesses and the rich. Over the weekend, both houses of the state legislature proposed the tax hike on New York’s wealthiest to help close the record $15 billion financial shortfall the state faces due to the COVID-19 pandemic. Though New York is due to receive an influx of cash from President Joe Biden’s COVID-19 relief bill, legislators believe that the gap still needs to be closed and that the tax on the rich could aid that effort. New York is expected to receive approximately $23.5…

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by Zak Failla