With federal bailout funds uncertain for states, Cuomo says he awaits Biden s help in 2021 buffalonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from buffalonews.com Daily Mail and Mail on Sunday newspapers.
Tom Precious
The Buffalo News
ALBANY â With a multibillion-dollar budget gap in the stateâs finances, Gov. Andrew M. Cuomo Wednesday lashed out at congressional negotiators who are considering a new federal stimulus bailout measure without a provision to send money to deficit-ridden state and local governments across the country.
âItâs madness. Hyper-political. Parochialism. Madness, Cuomo said of one federal funding plan under consideration in Washington.
Indeed, Cuomo â who has been banking on some major federal bailout funding for the state government since shortly after the current budget was OK d last April â was already pivoting away from reliance on major relief anytime soon from the federal government.
ALBANY - When Gov. Andrew Cuomo ran for governor in 2010, he vowed to let a income tax surcharge on the rich expire in 2011.
But facing budget gaps, the Democratic governor reached a deal with the Republican-led Senate to keep the surcharge, but at a lower rate than had been on the books along with a small middle-class tax cut and a cut in a corporate income tax rate.
Flash forward a decade: Cuomo now faces another call for raising taxes on the wealthy as the state faces a $13 billion deficit due to the COVID-19 pandemic, the largest since he first took office.