Albany shouldn’t raise taxes when it’s rolling in federal dough (Editorial)
Updated Apr 11, 2021;
Posted Apr 11, 2021
Members of the New York Assembly debate budget bills during a legislative session in the Assembly Chamber at the state Capitol, Wednesday, April 7, 2021, in Albany, N.Y. AP
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New York state took a beating from the coronavirus. The record-setting $212 billion state budget enacted last week, fattened with billions in federal relief, will go a long way to repairing the damage to education, small businesses, restaurants, the arts, renters, landlords and local governments.
A once-a-century pandemic merits a robust response. A 10% increase in spending, some of it based on one-shot revenues from the feds, is not sustainable.
New York Lawmakers Finalize $212B Budget
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New York Lawmakers Finalize $212B Budget
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ALBANY â The release of New Yorkâs $2.3 billion in federal relief for tenants and small landlords struggling to pay rent or property taxes through the coronavirus pandemic relies on state leaders negotiating the late budget through the weekend.
Legislators did not anticipate debating or voting on legislation related to the 2021-22 budget over the weekend and anticipated observing Sundayâs Easter holiday. Officials said many representatives had left town as of Friday afternoon and did not expect to advance the next state spending plan before next week.
State executives have waited to release a plan and instructions for New York to distribute its total $2.3 billion in federal COVID-19 rent relief for tenants and small landlords.
ALBANY â The release of New Yorkâs $2.3 billion in federal relief for tenants and small landlords struggling to pay rent or property taxes through the coronavirus pandemic relies on state leaders negotiating the late budget through the weekend.
Legislators did not anticipate debating or voting on legislation related to the 2021-22 budget over the weekend and anticipated observing Sundayâs Easter holiday. Officials said many representatives had left town as of Friday afternoon and did not expect to advance the next state spending plan before next week.
State executives have waited to release a plan and instructions for New York to distribute its total $2.3 billion in federal COVID-19 rent relief for tenants and small landlords.