Cuomo to cut property taxes, not income tax hikes - Los Angeles News | FOX 11 LA KTTV

Cuomo to cut property taxes, not income tax hikes

Posted: Updated:
In this May 30, 2012 photo, New York Gov. Andrew Cuomo speaks in Albany, N.Y.(AP Photo/Mike Groll) In this May 30, 2012 photo, New York Gov. Andrew Cuomo speaks in Albany, N.Y.(AP Photo/Mike Groll)
ALBANY, N.Y. (AP) - Gov. Andrew Cuomo is promising to cut the highest local property taxes in the nation during the coming election year, using what he says will be a budget surplus.

Cuomo tells public radio's "Capitol Pressroom" that the state has no future as the highest taxed in the country.

But in the same interview Wednesday, he says he won't end or ease billions of dollars in temporary income and business taxes, which he's extended twice. He doesn't consider those tax increases because they weren't new taxes.

E.J. McMahon of the Empire Center for Public Policy says the state cost of subsidizing a property tax cut would be roughly equal to the revenue from the temporary tax increases Cuomo promised in 2010 he'd let expire.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New York State NewsNew York State NewsMore>>

  • Man arrested for road rage shooting

    Man arrested for road rage shooting

    Friday, August 1 2014 9:15 AM EDT2014-08-01 13:15:13 GMT
    An upstate man is under arrest after police say he opened fire on another driver on I-84.The New York State Police say that Masey Moshref, 26, of Wappinger Falls faces a slew of felony charges after the Wednesday evening incident.At approximately 6:28 p.m., police received a 911 call from a driver who said a man driving a green Honda Accord bearing California license plates pulled alongside of his vehicle and displayed a black handgun.The victim says the man fired one shot at his vehicle, str...
    An upstate man is under arrest after police say he opened fire on another driver on I-84.The New York State Police say that Masey Moshref, 26, of Wappinger Falls faces a slew of felony charges after the Wednesday evening incident.At approximately 6:28 p.m., police received a 911 call from a driver who said a man driving a green Honda Accord bearing California license plates pulled alongside of his vehicle and displayed a black handgun.The victim says the man fired one shot at his vehicle, str...
  • Road-trip vacations that don't break the bank

    Road-trip vacations that don't break the bank

    Thursday, July 31 2014 5:37 PM EDT2014-07-31 21:37:29 GMT
    Last-minute vacations don't need to be a headache or ridiculously expensive, especially if you make it a road trip. Even if you don't have a car, renting one can be an affordable option.Lauren Lyons Cole, a personal finance contributor to TheStreet.com, has some suggestions.
    Last-minute vacations don't need to be a headache or ridiculously expensive, especially if you make it a road trip. Even if you don't have a car, renting one can be an affordable option.Lauren Lyons Cole, a personal finance contributor to TheStreet.com, has some suggestions.
  • Trench collapse traps workers

    Trench collapse traps workers

    Thursday, July 31 2014 2:56 PM EDT2014-07-31 18:56:22 GMT
    Two construction workers were rescued from a collapsed trench outside a home in Rye, N.Y. on Thursday.  Firefighters from across Westchester County responded to the scene at 15 Bradford Ave. at about noon.
    Two construction workers were rescued from a collapsed trench outside a home in Rye, N.Y. on Thursday.  Firefighters from across Westchester County responded to the scene at 15 Bradford Ave. at about noon.
Powered by WorldNow

KTTV FOX 11
1999 S. Bundy Dr.
Los Angeles CA 90025

Main: (310) 584-2000
News Tips? (310) 584-2025

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices