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Richest New Yorkers Face Tax Hike Under Proposed Budget Deal Bloomberg 1 hr ago Keshia Clukey and Donna Borak © Bloomberg Andrew Cuomo, governor of New York, speaks during a news conference in New York, U.S., on Monday, Oct. 5, 2020. Governor Cuomo said New York City public and private schools in viral hot spots must close Tuesday, and he threatened to shut religious institutions if members don’t follow rules about masks and social distancing. (Bloomberg) The richest New York City residents could soon face the highest combined state and city tax rates in the U.S. Popular Searches Governor Andrew Cuomo and state lawmakers have reached a tentative agreement to raise taxes on the wealthiest New Yorkers as part of a roughly $200 billion budget deal expected to be announced as early as Monday, according to a person familiar with the negotiations.

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