What the NY State Budget Means, according to the NY Times:
On Tuesday, New York State’s leaders announced that they had reached a deal on a $212 billion budget.
The agreement, which came nearly a week after the April 1 budget deadline, is packed with proposals long favored by Democratic legislators, like raising taxes on the rich.
Much of the budget — which includes aid for renters, undocumented immigrants and business owners — is intended to fuel New York’s recovery from an economically devastating pandemi
The budget still needs to pass the Legislature and be approved by the governor. Here are three key elements in the state’s budget, explained:
Tax hikes for the wealthy and corporations
Despite Gov. Andrew M. Cuomo’s longtime stance against raising taxes on the rich, Democrats managed to include a personal income tax rate increase on individuals making over $1 million and couples earning more than $2 million, and two new tax brackets for incomes over $5 million and $25 million.
The changes are expected to raise more than $4 billion in additional revenue each year, though Republicans have warned that tax hikes could drive wealthy residents out of the state.
If these changes in the budget pass, New York City’s wealthiest residents would face the highest combined state and local personal income tax rates in the country.
The $2.1 billion fund for undocumented workers
The budget will provide one-time payments for undocumented workers who did not qualify for federal stimulus checks or unemployment benefits. Applicants for the fund would have to provide documents to verify their identity, residency and eligibility.
Some Democrats argued against the fund, fearing blowback from moderate suburban voters in 2022. The state Republican Party chairman, Nick Langworthy, slammed the fund, calling it “woke insanity.”
Relief programs for renters and homeowners
The budget carves out $2.3 billion in federal funds for tenants who are behind on rent and at risk of eviction.
The proposed rent relief program would help cover up to 12 months of past rent and utilities costs and three months of future rent for those eligible.
The deal dedicates additional funds to combat housing issues worsened by the pandemic. It includes $250 million for New York City’s public housing authority and $100 million to convert hotels and vacant property into affordable housing.
What it REALLY Means according to me:
Yes, the budget sends money to where it is needed. The Times is right to highlight this.
But the Times Fails to mention that this NY State Budget is almost entirely the work of the NY State Legislature and almost nothing to do with Governor Cuomo.
The project the Governor was most interested in has been entirely gutted. And cut in a way that for the self-interested money grubber that he is probably makes the project a pain in the neck rather than his retirement fund. Here’s the story. Cuomo was pushing a trillion dollar Improve Penn Station plan in which He would control where every dollar went and where He could seize land by way of Eminent Domain. The idea was luxury office towers and luxury high rise condos on land he gives to his Real Estate donors. That’s gone. The project concerns the Railroad Station only and the profits cut to shreds.
Great. Where do these megalomaniacs think their anti people governance will end?
interesting choice of language describing how a deal for a skyscraper that Cuomo wanted went, er, flaccid. lol or is just my mind that’s in the gutter.
Lol. Sista yo mind is in the gutter. Now you done took me there too. Lol.
lolz. sry 😉
I think choosing flaccid when referring to “erecting” a skyscraper wasn’t done innocently 😉😉😉
First line of the article is “Cuomo can’t get it up.”
The Post explicitly said, “Cuomo can’t get it up.”
Opening line in the NY Post is “Cuomo can’t get it up.”
Thanks NYCVG. I like the easy read format.
ditto. t&r, nycvg!
That was a mistake. sneaker ad and all. I couldn’t get rid of the space and ad without losing the text and this seemed important enough to just print it and let people decide for themselves if they wanted to read it.
My post tomorrow is this op-ed.
yay! she goes a little astray from what i thought i knew about “buy America.” she is always great.
Is it me, or is her writing very hard to follow? What is a “pay for,” exactly?
afaik, a “pay for” is anything the government will pay for–war or M4A, cancelling student debt, not sure if they count tax breaks to corpses as “pay fors.” probably.
the problem being that both parties talk about it as if we actually “pay for” things with taxes, which we haven’t for a while. it’s not a budget like a household or even a state.
imho, she is so used to crossing her i’s and dotting her t’s, i think, bc so many experts pore through her work, looking for anything to discredit her with. so she can be a bit academic. The Deficit Myth seems more readable, but it’s not something i just breezed through. actually have a ways to go.
I didn’t see this thread until well after I published mine (mine was 3 min later). Thus, I have put my stuff back in the box and I will republish the post tomorrow.
@Bernin and @liepardestin, I wish there were a way to see who’s online at any given time. It would save some time and effort in order to avoid duplication.
I’m responding to Benny’s now removed post re the security guards being fired for cowardice at the attack of the Asian American woman. Amy did an excellent segment today in which she interviewed Victoria Law, Asian American author, on her book “Prisons Make Us Safer” and 20 other myths about mass incarceration. Her response at the end regarding the attack on the 65yo woman was spot on.
TRUTH—what and who Bernie is, versus the propaganda BS.
Bernie is the “Progressive who gets things done,” a slogan both Hillary Clinton and Andrew Cuomo like to use about themselves. hahahahaha
now that they feel safe they can share these stories. still, always a plus. cbs this morning has a large karen viewership.
Chauvin trial resumes with defense claiming Floyd saying, ‘I can’t breathe,’ was a form of resisting arrest
And was keeping a knee on his neck for over 9 minutes a form of murder?
Hope the jury finds that statement as
Wi election news from Tuesday.
Jill Underly defeats Deborah Kerr in state superintendent race
x-Jill Underly 526,286 58%
Deborah Kerr 386,392 42%
This was to fill fill Evers vacant position it was a blowout Underly was backed by the Dems. A couple assembly seats were open but really didnt matter as a corpse (R) could of ran and won due to the gerrymander