After months of contentious debate over New York Gov. Andrew Cuomo’s proposed budget cuts for the coming fiscal year, Albany lawmakers finally came to an agreement and adopted a final state budget on Thursday, March 31. The plan, which sports a price tag of $132.5 billion, calls for a 2 percent […]

As New York Gov. Andrew Cuomo defends his proposed state budget for the coming fiscal year, a debate is brewing over whether the governor should extend an income tax increase, dubbed the “millionaire’s tax,” on the wealthiest New Yorkers. This tax hike, which, despite its name, would affect individuals earning […]

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New York Gov. Andrew Cuomo’s proposed state budget for the coming fiscal year aims to plug the state’s $10 billion budget gap without a single tax increase. Instead, Cuomo is calling for dramatic cuts in funding for Medicaid, state operations and education. Among the most controversial of the proposed cuts […]