Can NYS Afford $2 Billion in Tax Cuts?
Tuesday, January 07, 2014
Gov. Andrew Cuomo plans to cut more than $2 billion in taxes for New Yorkers.
The question is whether the state can afford it.
The governor has said his goal is to grow businesses in the state and reduce the tax burden on individuals. In this interview, WNYC's Jessica Gould explains Cuomo's claim that the state has a $2 billion surplus — and how next year's projected $1.7 billion deficit fits into the equation.
Analysts say he can make the math work, but it might mean squeezing other services down the road.