Losses we care about particularly:
- Public schools, especially high needs schools, whose foundation aid per the CFE decision would be would be spread out over eight years instead of four.
- Hospitals and nursing homes.
- Property owners who depended upon STAR to reduce their property tax bills. No more STAR. For New York City residents, no more enhanced NYC personal income tax credit.
Not being beaten down (again) this year:
- Public assistance recipients, offered a grant increase for the first time since 1990.
Revenue would come from, among other things (see Governor's Briefing Book here):
- 88 new or increased fees
- expanding the bottle bill
- reforming the Empire Zone Program
- allowing the sale of wine in grocery stores
- expanding Quick Draw and video lottery terminal operations
- 18 percent sales tax on non-diet soft drinks
- eliminating sales tax exemption on clothing and footwear under $110
- taxing satellite tv/radio
- taxing barbering, massages, hair salons
- taxing digital music
- increasing assessment on utility companies
GUESS WHO WON'T SEE THEIR TAXES GO UP! GIVE UP?
There is no proposal to adjust income tax rates. So a single mother whose adjusted gross income is $20,000 a year would pay state income tax rates at the same percentage (6.85%) as all those Wall Street tycoons who piloted the economy into a freefall but leapt safely with their golden parachutes.
There's work to be done.
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