Hans Pennink
/ AP
Governor Andrew Cuomo is floating the possibility that New York may have to raise taxes to close a pandemic related budget gap. The remarks are encouraging long time advocates of imposing higher taxes on the wealthy.
As the months have stretched on with no new federal bailout package that includes help for states coping with COVID-19 related costs, Cuomo has begun to talk about ways to close what he said is a $15 billion dollar budget gap. He said new taxes will be part of that plan.
“I believe we are going to have to raise taxes, at the end of the day,” Cuomo said on December 9.