Gov. Andrew Cuomo's 2015 - 16 budget proposal includes $ 1.7 billion in proposed tax credits for homeowners and renters, based on a formula that limits property tax burden according to income. (therealdeal.com)
The work and pensions secretary also lashed out at London Mayor Boris Johnson for his recent criticism of proposed tax credit cuts. (politics.co.uk)
Cuomo proposed a tax credit in January that he said would help address that imbalance. (therealdeal.com)