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Hochul predicts no new taxes, budget cuts in state budget

Dec 16, 2022 1:10 pm

Nick Reisman reports for Spectrum News that Gov. Kathy Hochul said on Dec. 15 that the state budget this year should not include any tax increases or budget cuts. "I don't believe that raising taxes in a time in which we just cut taxes makes sense," Hochul said. "We just did that a year ago. I'm not going to turn around say we're raising your taxes. I don't foresee that." Carolyn Martinez-Class, the campaign coordinator of the Invest in Our NY Campaign, wishes Hochul would change her mind. "New York voters overwhelmingly think the wealthy paying what they should in taxes makes sense — it allows the state to invest in services that benefit everyone," Martinez-Class said. "It's disappointing that the Governor is not centering the needs of the people who elected her to office." Outgoing Budget Director Robert Mujica said the economy has several troubling indicators currently. "The outlook is extraordinarily challenging," Mujica said. "We're seeing most consensus economic forecasters predicting an economic downturn which is driven by the actions of the federal government." Read the full story at Spectrum News.

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