Cuomo announces budget proposals
Governor Andrew Cuomo's budget briefing for Fiscal Year 2018, from Jan. 17, 2017.
Matthew Hamilton is reporting at Capitol Confidential Gov. Andrew Cuomo Tue., Jan. 17, presented his $152.3 billion executive budget proposal, which includes a $1 billion increase in state education aid and the beginning of an income tax cut for middle class New Yorkers. In a briefing with reporters, Cuomo also said the state cannot do without a so-called millionaires tax, and has proposed extending that tax for an additional three years. Under Cuomo's proposal, for those earning between $40,000 and $150,000 annually their tax rate would decrease from 6.85 percent to 6.45 percent in the coming fiscal year. Read the full story at Capitol Confidential.