Gov. Kathy Hochul's administration projects deficits totaling $36 billion over the next three years, worsened by a $5 billion reduction in projected tax revenue.
Nassau County will make the payout to the owner of an eight-acre Old Brookville chateau-styled estate to resolve one of the largest residential tax refunds the county has settled in recent memory.
The past two years were a great time to make state tax policy. Booming revenue collections combined with hundreds of billions of dollars from Congress.
Earmarking tax dollars comes with a price, giving today’s voters the power to decide how tomorrow’s state tax dollars will be spent. Is that power worth it?