Sentences with phrase «city income tax hike»

The proposed city income tax hike would raise the rate for individuals making more than $ 500,000 and married couples earning over $ 1 million from 3.876 percent to 4.41 percent.

There was no request quite as big as last year's failed bid for a city income tax hike on the wealthy to fund pre-K.

Not exact matches

In supporting de Blasio's plan, Klein said hiking the city income tax on those earning at least $ 500,000 will ensure a future funding stream for city prekindergarten programs and «will guarantee 50,000 4 - year - olds the opportunity to enroll in this life changing program.»

Some 50,000 4 - year - olds in New York City would get the opportunity to enroll in the «life changing» prekindergarten program by hiking the income tax on city residents earning at least $ 500,000, Klein sCity would get the opportunity to enroll in the «life changing» prekindergarten program by hiking the income tax on city residents earning at least $ 500,000, Klein scity residents earning at least $ 500,000, Klein said.

They're hitting wealthy New York City residents with what amounts to a 6 % hike in their income taxes while denying them breaks on their property taxes.

A proposal that would hike taxes on upper income earners in order to bolster mass transit spending in New York City is «dead on arrival» due to Republican opposition, Gov. Andrew Cuomo told reporters on Tuesday in Henrietta.

Republicans have been Cuomo's allies on tax policy, backing him up in 2011 when he renewed most of the surcharge but spun it as a tax cut, and Klein fell in line behind Cuomo in 2014 when the governor blocked an income tax hike in New York City.

In interviews with over a dozen state committee members, Capital heard common frustration with Cuomo's fiscal record — he blocked an income tax hike on wealthy city residents, cut corporate taxes, reduced school aid in 2011 (and slowly dialed it back up), reduced pensions for newly hired public workers and pushed for a cap on local property tax increases.

De Blasio's plan is to hike income taxes on city residents earning more than $ 500,000 a year in order to fund an expansion of Pre-K.

De Blasio promised to fund universal pre-K in New York City with a tax hike of about 0.5 percentage points on incomes of over half a million dollars each year, but hasn't been able to push that through the legislature in Albany (which must sign off on all NYC tax increases).