Assembly, Senate Advance One-House Budget Resolutions
March 19th, 2018
Last Wednesday, the Assembly and Senate approved their respective one-house budget resolutions that stake out their 2018-19 state budget priorities. Budget conference committees then began meeting, and are expected to continue meeting this week.
The Assembly’s one-house budget resolution would increase state spending to about $170 billion, and includes a $1.5 billion funding increase for schools, early voting, and the DREAM Act, which would let undocumented immigrants receive financial aid to attend state schools. The Assembly would also make the state’s “high earner” tax permanent and would provide new funding of the MTA by imposing new fees on ride hailing services and cabs in Manhattan.
More information on the Assembly’s one-house budget proposal here.
In contrast, the Senate’s would reject the $1 billion in tax increases that the Governor has proposed, seeks $265 million to address the opioid addiction epidemic and bolster school security. The Senate would also end the START-UP NY program, reduce energy and small business taxes and undertake a comprehensive regulatory reform effort.
More information on the Senate’s one-house budget proposal here.
Unshackle Upstate has been and will continue to be vocal in our opposition to any new taxes, fees or surcharges. New Yorkers are burdened by some of the highest taxes in the nation, and we need lawmakers to provide relief – not make the situation worse. We also oppose the Governor’s proposal to defer business tax credits, some of which are extremely important to Upstate economic development.