A coalition of civic and business leaders in New York is pushing back on proposals to raise taxes as a result of the coronavirus pandemic
By Jimmy Vielkind Close Jimmy Vielkind Updated Aug. 24, 2020 7:48 pm ET , and says it will spend millions to advance efforts to help the state’s economic recovery.
Former New York Gov. David Paterson, a Democrat who was in office during the 2008 financial crisis and the recession that followed, said the current situation facing New York City and the state is worse. The group’s lobbying agenda includes the creation of a grant fund for woman- and minority-owned businesses, a permanent expansion of outdoor dining, and additional street-lane closures to make it easier for New Yorkers to get around without private cars.
Gov. Andrew Cuomo has resisted the calls to raise levies and is instead holding out for a federal relief package. His budget office estimates the pandemic has caused a $14.5 billion drop in state revenues, and the administration is holding back payments to schools, municipalities and social-service organizations as a precursor to permanent funding cuts.
“Right now, every decision from our governor demonstrates that he continues to prioritize billionaires over the struggling working class,” Ms. Solis said in an interview. Robert Mujica, Mr. Cuomo’s budget director, said in an interview that the wealthiest taxpayers are the most mobile, and in some instances, the pandemic has prompted them to physically relocate to other states. Mr. Mujica said he feared that if tax rates go up, some would shift their legal residences, and erode the state’s tax base.
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