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AP Photo/Hans Pennink
State set to hike taxes on rich, boost spending in budget By: The Associated Press April 8, 2021 Comments Off on State set to hike taxes on rich, boost spending in budget
New York will spend billions of dollars of federal funds over the next year on schools and relief for struggling businesses, tenants and landlords under a spending plan that New York’s Legislature passed Wednesday.
The state Senate passed the revenue bill early Wednesday morning with a 38-25 vote, while the 150-member Assembly passed the bill with a 88-61 vote following hours of debate Wednesday evening. Gov. Andrew Cuomo has said he’ll sign the budget.