taxes

Bob Child / AP

Connecticut Governor Dannel Malloy has a plan to restore money to the state’s Special Transportation Fund. Malloy says otherwise, it would run out of cash in five years.

Hans Pennink; Michael Dwyer; Julio Cortez / AP

The governors of New York, New Jersey and Connecticut say they intend to soon file a multi-state lawsuit against the federal tax overhaul law, over the partial loss of the deduction of state and local taxes.

Mary Altaffer / AP

Governor Cuomo introduced legislation to end what’s known as the carried interest loophole, a measure long sought by the left of the governors’ Democratic Party.

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.

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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