New York’s income tax coffers are filling up a bit faster than expected.
The result: Some lawmakers are trotting out new spending plans, even though the governor is warning that it’s way too early to tell if the economy and the tax revenues it generates have turned the corner.
Income tax collections were briefly in the spotlight Thursday when state Senate Democrats ran through a series of proposals for more job training, start-up investments and other measures to boost employment. “We need to spur job creation,” Democratic Minority Leader John Sampson said in highlighting nearly a dozen bills with a total price tag of $101 million.
The money, he said, would come from a $214 million pot containing income tax revenues that have come in higher than had been predicted in January when Cuomo put out his first budget proposal….
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