Even raising taxes on the top earners in the state will only generate $1.5 billion and the state has a $15 billion deficit, said Cuomo.
Superintendent of Financial Services Linda A. Lacewell said, "Under Gov. Cuomo's leadership, NY is extending the health enrollment period, providing uninsured New Yorkers another opportunity to sign up for high-quality and affordable health insurance".
In his message from Albany today, Cuomo acknowledged that restaurants were among the businesses hit the hardest during the coronavirus pandemic.
"We have a plan in place, a strength that we have not had before and I believe our future is bright, but Washington must act fairly if we are to emerge on the other side of this crisis", Cuomo said in his speech. Mr. Cuomo also said he would raise revenue by legalizing mobile sports betting and marijuana.
Cuomo said he chose not to attend the inauguration because he didn't want to leave Albany when there were threats of potentially violent pro-Trump protests at all 50 state Capitols.
Other small businesses could apply for similar tax credits, he said. "Advancing broad-based tax relief, regulatory reforms and COVID-related protections will give struggling employers much-needed relief during this critical time". Restaurants that were shuttered in late 2020 can apply for those tax credits now to get payments out faster, Mujica said. The city has suffered a $10.5 billion drop in its tax revenue and property tax revenue declined by $2.5 billion dollars because of a reduction in assessed property values, said de Blasio.
The bill proposed by (D) Sen. We have two awful scenarios ahead, which we anticipated.
It was one year ago Wednesday when a Washington man became the first person in the U.S.to be diagnosed with COVID-19.
From a practical standpoint, Cuomo's proposed budget only assumes the $6 billion in federal aid. Cutting funding for education and local governments is not the answer; we need to address the unnecessary progressive policies that have dragged us into debt such as incredibly high tax rates that have led to a large exodus out of the state, corporate welfare for Hollywood movie producers and a suffocating business climate that eliminates good-paying jobs.
Cuomo said he would pursue legal action if Congress doesn't send $15 billion in aid - but he didn't specify who or what the state would sue.
State officials are urging health care facilities to halt scheduling vaccination appointments until more doses are given out by federal regulators.