New York Governor Andrew Cuomo released his 2011 budget yesterday eliminating a $10 billion deficit without raising taxes.
In a press release, Gov. Cuomo said, "…we must seize this opportunity, make hard choices, and set our state on a new path toward prosperity." While taxes have been proposed as revenue sources, the Governor’s budget is an example of how to address a widening spending gap in tough economic times without discriminatory taxes that hit hardest those who can least afford it. It’s reassuring to see the Governor getting his own fiscal house in order instead of dipping into the family budgets of New Yorkers.
The ambitious proposal includes a reorganization of state government with the goal of making it more efficient and developing more cost-effective practices throughout agencies.
We at Sip & Savor give a nod to Governor Cuomo and the state of New York for working hard to ensure that, during this tough economic time, the hard-working families of New York won’t be burdened with discriminatory and regressive taxes.