How New York's governor wants to get around the SALT cap

NY Governor Tackles Student Loan Debt

Gov. Andrew Cuomo will unveil his 2018-19 budget proposal in Albany this afternoon. Similarly, a plan to reduce traffic in New York City while raising revenue for public transit is due later this week, though Cuomo did say it would use cashless tolling to charge drivers who enter a certain zone in Manhattan.

Creating a new pre-licensing course for people to get a driver's license and then charging them $8 apiece in order to raise almost $1 million for the state.

State Senator Betty Little (R-Queensbury) said the governor's executive budget presentation marks the start of the process, and expects discussions with state agency heads will yield more specifics.

Having been stung by bad news in the city's subways during 2017's so-called summer of hell, a phrase coined by the governor, Mr. Cuomo is proposing an "action plan" of $254 million for the Metropolitan Transportation Authority.

Ending an energy services sale tax exemption and expanding a number of tax enforcement measures, such as a new effort to ensure all of New York's cigar taxes are collected. One idea would involve partially replacing the state income tax with a payroll tax as a way to respond to the capping of state and local tax deductions by the federal government. Cuomo wants the state to employ 30,000 workers to establish NY as a home to the clean tech industry - a goal that he says could produce $2 billion in "energy value" to the state.

"For the MTA, now the state collects what's called a Payroll Mobility Tax, which is $1.6 billion", the governor added.

With the proposed budget, taxpayer supported spending will grow by 1.9%.

"We need to look internally to see what is actually happening with the taxpayer dollars", Morinello said.

Cuomo outlined plans to deal with the federal tax changes that result in the loss of the state and local tax deductions, which hits NY and other relatively high-tax states hard.

"These are very dramatic changes and we are going through them carefully and together", Cuomo said.

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"There was one major chunk that was going to come as a one-time shot from a conversion of a healthcare entity from a non-profit to a for-profit", Jacobs said. I am encouraged by the Governor's statements to increase aid to our high needs school districts. Assemblywoman Crystal Peoples-Stokes praised the increases to healthcare, including raises for direct care providers.

"They weren't expecting it", Cuomo said. And rather than have a tax on the income received by the employee, tax the wages paid by the employer. I didn't hear that.

"Andrew Cuomo enters a reelection year with his best favorability rating since the last reelection campaign, his best job performance rating in eight months, his best reelect rating in this cycle, and a potpourri of State of the State proposals that are popular with NY voters", said Siena College pollster Steven Greenberg. And that's just not good enough anymore.

MA has already legalized pot.

"Washington hit a button and launched an economic missile".

Overall, Cuomo's budget caps state spending increases at under 2 percent over last year's budget. The health care costs wind up getting shifted to us. "Those will continue forward".

"In actuality, if the state maintains its investment in the upstate economy, it actually gets a pretty good return on that investment", she replied.

"My point is it has to be fair to all people in all industries", Cuomo continued. "The same thing with businesses".

As for the $4.4 billion deficit the state is facing, Cuomo plans to raise revenue from a variety of sources including regulating internet sales tax, an opioid surcharge, and deferring large corporations' tax credits.

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