Gov. Andrew Cuomo boasts that there’s not one new tax to be found in his proposed budget.
That same plan would wind up heaping $15,000 every month onto the utility bills at the Cameron manufacturing plant in Buffalo, which makes air compressors.
Businesses across New York are supposed to be seeing relief from that utility surcharge. But in his budget, Cuomo calls for keeping the higher taxes alive for five more years—one of a few instances when the governor extends existing taxes to help erase a $1.4 billion deficit.
Those extended taxes are coming to light as the Legislature debates Cuomo’s budget. Republicans in the Senate suggest this is more than a matter of semantics, pointing to the expense Cameron currently pays because of the utility tax.
“It’s an extension beyond the expiration date. It’s a new tax,” said the Senate’s top Republican, Dean Skelos, of Long Island. “It costs us jobs. It goes right to the heart of a business’ bottom line.”
The tax itself is imposed on electric, gas, steam and water companies, and then passed on to consumers…..
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- September 17, 2020
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- September 20, 2020
