budget

Darren McGee / Office of N.Y. Gov. Andrew Cuomo

A report by Governor Cuomo’s tax department lists ways that New Yorkers could get around the loss of some of their state and local tax deductions under the new law. But all of them come with complications.

Hans Pennink / AP

Governor Andrew Cuomo unveiled a $168 billion budget plan that would close an over $4 billion gap by reducing some spending, and imposing tax increases on health insurers, big businesses, and prescription opioid users, among others. Cuomo says he also wants to look into legalizing marijuana in New York.

Mike Groll / AP

Governor Cuomo delivers his budget Tuesday, and the news is not expected to be good. The state faces an over $4.4 billion budget gap, as well as funding cuts and policy changes from Washington that could cost New York and some of its taxpayers billions of dollars.

Bob Child / AP

Connecticut Governor Dannel Malloy says he has put hundreds of transportation projects across the state on hold until Connecticut lawmakers can come up with new revenue for the state’s Special Transportation Fund. He says about $4.3 billion worth of projects would be affected.

Mike Groll / AP

New York State Comptroller Tom DiNapoli warns of a “problematic” budget season, as the state faces a structural deficit, changes to the federal tax code, and uncertainty over continued funding from Washington.

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