Another SALT work-around emerges by E.J. McMahon | NY Torch

After months of behind-the-scenes work, the state Department of Taxation and Finance is circulating a "discussion draft" of proposed bill language creating a new form of state tax designed to preserve some federal income tax deductibility for state and local taxes (SALT) paid by partners in unincorporated firms.

School budget voting dwindles Times Union

“New York’s school districts are receiving record-high levels of aid from Albany to educate fewer students, and our school taxes are still climbing,” said Tim Hoefer, executive director of the Empire Center.

Security upgrades, lower spending among school budget trends The Post Star

Nearly half of the 669 school districts are proposing tax levy increases that go right up to the cap, according to an analysis by The Empire Center, a fiscally conservative think tank. A total of 309 districts are at the cap limit. The center claims this fact is evidence that school districts would have proposed higher levy increases without the cap.

Cuomo’s dug New York into a giant tax trap by E.J. McMahon | New York Post

Cuomo has further boosted the state’s already heavy reliance on taxes paid by income millionaires. This has made Albany’s revenue base more fragile and volatile — a problem aggravated by the new federal cap on state and local tax deductions, which effectively raises total tax rates for New York’s highest earners.