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News stories tagged with "taxes"

Foundation says law changes improve NY tax climate

ALBANY, N.Y. (AP) The Washington-based Tax Foundation says recent changes in New York law would raise the state's corporate tax climate ranking from 25th to fourth best in the nation, while inching its overall ranking from last place to 48th, ahead of New Jersey and California.

In its new report, the nonprofit research group says New York's new tax laws, simplifying business taxes and cutting the corporate rate from 7.1 to 6.5 percent and manufacturers' rate to zero, will be phased in over a few years.  Go to full article
The Vermont State Capitol. Photo: <a href=" http://www.flickr.com/photos/51035749109@N01/8395548101/">Adam Fagen</a>, Creative Commons, some rights reserved
The Vermont State Capitol. Photo: Adam Fagen, Creative Commons, some rights reserved

Vermont House approves school tax increases

MONTPELIER, Vt. (AP) The Vermont House has voted to increase school property taxes after rejecting an amendment to scrap the state's current school funding system.

The bill before the House on Thursday would raise the rate on a house and up to 2 acres from 94 cents to 98 cents for every $100 of the property's value. The tax rate on non-residential property would go from $1.44 to about $1.52 per $100 of value.  Go to full article

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Education funding protesters outside Gov. Andrew Cuomo's office Wednesday. Photo: Karen DeWitt
Education funding protesters outside Gov. Andrew Cuomo's office Wednesday. Photo: Karen DeWitt

More money for schools, environment, in NYS Assembly budget proposal

Assembly Democrats say there should be more money for schools and the environment, and major changes to Gov. Andrew Cuomo's plan to freeze property taxes. The Assembly's one-house budget resolution is the first step in reaching agreement on a final spending plan by the end of March.  Go to full article
Gov. Andrew Cuomo. Photo: Gov. Cuomo's office, via <a href="http://www.flickr.com/photos/governorandrewcuomo/12757318163/sizes/z/in/photostream/">Flickr</a>
Gov. Andrew Cuomo. Photo: Gov. Cuomo's office, via Flickr

Unease grows over Cuomo's property tax freeze plan

There's growing unease over Gov. Andrew Cuomo's tax freeze plan. A hundred local government officials have signed a letter opposing the plan, including Syracuse Mayor and state Democratic Party Co-Chair Stephanie Miner.

There are signs that the legislature may modify what critics have called an overly complex proposal when the Senate and Assembly release their one-house state budgets.  Go to full article
Town meeting day, home of democracy and pie. Treats baked by Tim Wolfe of Tunbridge, VT. Photo: Rick Scully, used by permission
Town meeting day, home of democracy and pie. Treats baked by Tim Wolfe of Tunbridge, VT. Photo: Rick Scully, used by permission

Small VT towns grapple with big issues on Town Meeting Day

On the first Tuesday in March, Vermonters come together for town meeting day. They gather in town halls and school auditoriums to hash out budgets and elect local officials. Every year, small towns grapple with big issues. This year was no exception, as Burlington voters approved gun control rules; many communities rejected a school tax increase; and three Addison County towns voted against the second phase of the proposed Vermont gas pipeline.  Go to full article
Governor Andrew Cuomo. Photo: Ashley Hassett
Governor Andrew Cuomo. Photo: Ashley Hassett

Cuomo names 3 to board for tax-free NY plan

ALBANY, N.Y. (AP) New York Gov. Andrew Cuomo has announced the approval board for the state program to give new employers and their employees 10 years of tax-free living if they locate on or near college campuses.

Called Start-Up New York, the program meant to attract new businesses was approved by the Legislature last June  Go to full article
Gov. Cuomo, on the road yesterday in western New York, talked about his Executive Budget. Photo: <a href="http://www.flickr.com/photos/governorandrewcuomo/page2/">Gov. Cuomo's office</a>, via Flickr
Gov. Cuomo, on the road yesterday in western New York, talked about his Executive Budget. Photo: Gov. Cuomo's office, via Flickr

Would cutting the estate tax help New Yorkers?

Governor Cuomo's plan to cut the estate tax is drawing praise from fiscally conservative groups, and condemnation from advocates for the poor. Cuomo's proposal would raise the threshold for New York's estate tax from the current $1 million to $5.25 million, the current federal rate of taxation.  Go to full article
How will Gov. Cuomo's new budget plan actually impact how much property tax New Yorkers pay? Well, it's complicated. Photo: <a href="http://www.flickr.com/photos/59937401@N07/5856941321/in/photolist-9VymAV-9Vynke-2SgvEj-a6nVRn-4QuRpr-dQ6vfn-cssr8b-6KSFLB-2pgAY9-88cmk-88cnD-ifXYRG-bmsT4u-9VB9gG-9Vyij6-pK5TN-7VHGAR-bGi9gP-bGi9vB-bGi9pi-bGi9Kg-5CLWT3-bvn9BA-bvn9FG-bvn9DU-bJgWcn-bJgWeD-bvn9CY-4qLQnz-StQqv-4iHTRm-8Sb3VN-6Rfw6N-7xBoCa-bvhFtG-8jpqA5-rCBfK-azfJfM-ezXUkt-67UDHm-5ehLEB-79H6wC-5M1Cx-9Q2Eyr-5ADaAn-25GFHk-4v73Jz-7a6Ngu-7a6Ncu-7a2Y96-8tmkyP">Images Money</a>, Creative Commons, some rights reserved
How will Gov. Cuomo's new budget plan actually impact how much property tax New Yorkers pay? Well, it's complicated. Photo: Images Money, Creative Commons, some rights reserved

Cuomo's plan to freeze local property taxes has lawmakers confused

The legislature has finished its hearings on Governor Cuomo's budget proposal, and legislators will start crafting a spending plan once they return from the President's Day break. One of the final hearings focused on the governor's tax cutting plans, and lawmakers had plenty of questions, especially about his plan to freeze local property taxes. Legislators at the hearing quizzed Governor Cuomo's tax commissioner on that plan. Tax Commissioner Thomas Mattox admits it's complex.  Go to full article
NYC Mayor Bill de Blasio and Gov. Cuomo, pictured here at a recent event in Albany, are at odds over competing plans to fund pre-K programs. Photo: Gov. Cuomo's office
NYC Mayor Bill de Blasio and Gov. Cuomo, pictured here at a recent event in Albany, are at odds over competing plans to fund pre-K programs. Photo: Gov. Cuomo's office

Pre-K funding fight fuels upstate-downstate divide

Governor Cuomo seems to have gained the upper hand and some new allies in his policy skirmish with New York City Mayor Bill deBlasio over how to fund pre kindergarten, as the fight threatens to turn into an upstate downstate split.  Go to full article

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