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State Lawmakers Nearing Agreement on Recreational Marijuana Legalization
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State Lawmakers Nearing Agreement on Recreational Marijuana Legalization
iheart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iheart.com Daily Mail and Mail on Sunday newspapers.
New York Cannabis Legalization Faces One Final Hurdle
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03/16/2021 04:02 PM EDT
Impeachment investigation aside, the regularly scheduled legislative show must go on, and there’s no better sign of the budget sausage being stuffed into little casings than the first Mothership of the year.
What is a Mothership, you ask? Formally called the General Budget Conference Committee, it is the traditional panel of top Democrats and Republicans from both chambers who gather a handful of times in the final weeks of March to announce whenever the two chambers have agreed upon any portion of the budget. Despite the nickname, there aren’t as many space-travel jokes as you might hope.
ALBANY - State lawmakers are moving forward with plans to increase income taxes on wealthy New Yorkers to help fund record spending increases on education, the environment and the economy amid the COVID-19 pandemic.
The state Senate late Monday passed its one-house budget resolution for the fiscal year that starts April 1. It would hike taxes on those earning more than $1 million in a bid to raise $4 billion for the state s coffers.
The Assembly is expected to pass a similar plan this week, and then the sides then will negotiate a budget with Gov. Andrew Cuomo.
Whether the tax plan becomes law is uncertain, but the Democrat-controlled Legislature is staking out its position and expects to exert its influence on the budget process with a Democratic governor weakened by two scandals, calls for his resignation and threats of impeachment.