ALBANY — New York's income tax receipts are down more than $2 billion so far, creating a significant and serious state budget deficit that is mainly caused by last year's Republican-led federal tax cuts, Democratic Gov. Andrew Cuomo said Monday.Cuomo said at a state Capitol news conference that the year-old federal law capping a deduction for state and local taxes — known as SALT — at $10,000 is the culprit for a projected $2.3 billion deficit."We've set up [...]
Stories Related to Cuomo: Federal Tax Cuts Are Creating $2.3b State Budget Deficit
The Associated Press, Times Herald-Record
Mon, 02/04/2019 - 5:05pm
Sections: u.s.
Topics: New York Orange County, NY Middletown
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