Hochul's NYC bailout draws fire | Fingerlakes1.com
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Hochul's NYC bailout draws fire | Fingerlakes1.com
""Kathy Hochul is happily handing billions to New York City while suburban and upstate taxpayers struggle to pay their bills,""
""If Albany truly has a $1.5 billion surplus - or if the Governor simply has that much money just laying around - that money should be used to cut school taxes for hard-working New Yorkers, not parked in a bailout that rewards fiscal mismanagement.""
""Why should someone on Long Island, the Hudson Valley, or Western New York be asked to pay for policies and programs that don't benefit their communities?""
A $1.5 billion state plan would send $1 billion this fiscal year and $510 million next year to New York City to help close a budget gap. New York City's projected deficit was reduced from $12 billion to $7 billion under newly elected municipal leadership. Critics argue the funds should be returned to taxpayers and used to lower school property taxes statewide. Concerns include that suburban and upstate residents disproportionately fund programs benefiting the city, including nearly $1.8 billion in childcare and voucher spending and more than $6 billion for asylum seeker services. Calls for tax relief and fiscal fairness followed.
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