City Council Moving Ahead on 2010 Budget
Monday, June 15, 2009
New York, NY –
Despite uncertainty in the state Senate, the City Council is moving forward on next year's budget. David Weprin, the chair of the finance committee, isn't worried about the budget's future once it reaches Albany.
WEPRIN: I'm optimistic that we'll be able to pass our budget regardless what happens at the state level, regardless what happens in the state Senate. I mean, eventually, at one point the Senate will be meeting and I don't think there's substantive opposition to our tax package.
Today, the City Council voted to include in the budget: a reduction in the unincorporated business tax, a biotech tax credit and a half percent increase in sales tax. The Council has until June 30th to finalize the budget, before it heads to Albany.