Recently at the Business Council of New York State's annual meeting, business leaders conceded that the $ 15 an hour minimum wage phase in is likely to be approved by the legislature, and they said they were seeking sweeteners in the legislation to mitigate its effects including
new business tax cuts and a youth employment fund.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of
new and maturing programs; 2) our ability to perform our obligations under our
new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on
new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in
tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing
business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
There is an effort underway in the
New Jersey legislature to propose
tax cuts for bitcoin
businesses.
He described a plan that stitches together mostly traditional, supply - side prescriptions —
cutting the top individual
tax rate to 33 % and the corporate rate to 15 %, ending the estate
tax, and imposing a moratorium on
new regulation — with his protectionist approach to trade that's had
business howling.
But the Romney - Ryan plan, which proposed extending Bush - era
tax cuts set to expire in the
new year, would actually have radically increased the deficit, rather than
cutting it back, according to an analysis by
Business Insider.
The bill's
tax cuts, as well as
new or larger deductions for start - up expenses, cell phones and health insurances premiums, can give some financial help to most small
business owners.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and
new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9)
new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in
tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their
businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
A Republican
tax -
cut plan due to be unveiled on Wednesday is expected to call for a
new rate for «pass - through»
businesses of about 25 percent.
President Obama announced
tax cuts for small
businesses that hire
new workers or raise current workers» wages, and a special
tax credit of $ 4,000 for employers that hire people who have been out of work for more than six months.
As the impact of
new tax cuts circulates through corporate balance sheets,
businesses are getting an infusion of cash, and much of the windfall is going toward buying back stock.
And after years of corporate
tax cuts, the government continues to wrestle with flagging
business innovation, introducing a series of
new adjustments in an effort to promote manufacturing development.
Your
new business tax credit for small
businesses is, however, consistent with the government's previous policy of selective
tax cuts for certain groups.
The monumental
new tax law signed late in 2017 — the Tax Cuts and Jobs Act (TCJA)-- has been hailed as a boon for big busine
tax law signed late in 2017 — the
Tax Cuts and Jobs Act (TCJA)-- has been hailed as a boon for big busine
Tax Cuts and Jobs Act (TCJA)-- has been hailed as a boon for big
business.
As with previous proposals, the
new plan promises to
cut taxes for individuals and
businesses, while wiping out deductions and repealing other controversial
tax provisions.
«On its own, the final
cut to corporate income
tax rates, from 16.5 % to 15 %, would result in $ 30 - billion in additional
business investment and 102,500
new jobs over a seven - year period, the paper estimates.»
â $ œCutting Ontarioâ $ ™ s
Taxes on
New Business Investment in Halfâ $ (page 25) purports to show that corporate
tax cuts are required to get the provinceâ $ ™ s â $ œMarginal Effective Tax Rateâ $ below the US and OECD averag
tax cuts are required to get the provinceâ $ ™ s â $ œMarginal Effective
Tax Rateâ $ below the US and OECD averag
Tax Rateâ $ below the US and OECD averages.
Instead, they offer piece meal «nickel and dime» strategies including
cutting small
business taxes (not helpful)-RRB-, providing renovation
tax credits in the future (definitely not helpful), extending accelerated depreciation on
business investment (hasn't helped so far), and
new incentives for research and innovation (very expensive incentives already exist).
A
New York Times op - ed written by Steve Forbes, Larry Kudlow, Arthur Laffer, and Stephen Moore argued that since
tax reform is hard, Republicans should stop worrying about how to pay - for
tax reform and just pass a giant
business tax cut.
All told, these three laws contain eight different small
business tax cuts, including the exclusion of up to 75 % capital gains on key small
business investments, a
tax credit for the cost of health insurance for small
business employees, and
new tax credits for hiring Americans who had been out of work for at least two months.
The law contains several provisions favorable to
businesses, including a
cut in the corporate income -
tax rate to 21 %, down from 35 %; the ability to write off qualified investments in
new facilities right away, rather than over several years; and the potential for a 20 % income deduction for small -
business owners who own companies via pass - through entities.
«
New York
businesses will grow and hire more employees only if we
cut taxes — not slow the rate of
tax growth — and
cut spending — not slow the rate of spending growth.»
For the Republicans, voters back the plan to provide sweeping
tax cuts and credits to small
businesses and a 46 percent approval rating of the chamber where they hold a narrow 32 - 29 majority — an unusually high number given the Legislature's historically awful reputation with
New Yorkers.
The Trump administration rolled out a broad outline for a major
tax cut that would benefit billionaires and
businesses — but that could hit average
New Yorkers in the wallet.
«It is our responsibility as a Party during these final days of the campaign to ensure we focus on the issues of utmost importance to
New Yorkers, including those Carl Paladino addressed last week, such as job creation;
cutting state spending by 20 - percent and
taxes by 10 - percent; and making
New York affordable for our children, our
businesses and our families.»
Also at 10 a.m., the state Senate Republicans unveil a 2018 «Jobs and Opportunity Agenda» that would provide significant
tax cuts for
businesses,
cut red tape, reduce regulatory burdens, invest in workforce development, and strengthen
New York's economic development programs, Room 124, state Capitol, State Street, Albany.
ALBANY (AP) A leading
business advocacy organization is calling on
New York state lawmakers to
cut taxes for small
businesses and fight large increases to the minimum wage in 2016.
«The way to show we're open for
business is by reducing
New York's burdensome regulations and
cutting taxes, not buying television commercials,» Murphy said in a statement.
«The
Business Council's 2012 voters guide shows that Senate Republicans have been working successfully with Governor Cuomo to control spending,
cut taxes and lay the foundation to create thousands of
new jobs in New Yo
new jobs in
New Yo
New York.
After numerous conversations with
New York families, local elected officials,
business owners and other hardworking taxpayers, I've decided that I will vote against the
Tax Cuts and Jobs -LSB-...]
«While the «funding for lending» scheme, the
new British
Business Bank and today's announcement of a
cut in corporation
tax show that the Government is being proactive in the SME space, there needs to be better co-ordination of such initiatives.
«While the federal corporate
tax cuts are expected to incentivize
businesses to make capital investments and create more jobs,
New Yorkers don't see the benefits of the new tax reform,» Ondrich sa
New Yorkers don't see the benefits of the
new tax reform,» Ondrich sa
new tax reform,» Ondrich said.
«Instead of
cutting taxes for every small
business and middle - class family,
New York was one of the few states that was penalized.
In September 2010, Congress passed theSmall
Business Jobs Act, which provided a number of key tax benefits to American small businesses, such as eliminating capital gains tax on investments in small business, and cutting taxes for businesses that invest in new eq
Business Jobs Act, which provided a number of key
tax benefits to American small
businesses, such as eliminating capital gains
tax on investments in small
business, and cutting taxes for businesses that invest in new eq
business, and
cutting taxes for
businesses that invest in
new equipment.
He did propose some interesting
new particulars that reinforce his hybrid approach, including access to marijuana for medical uses and
tax cuts for
businesses.
«If you eliminated all the credits, you could
cut business taxes enormously for everybody,» one official told the
New York Daily News.
New York Governor Andrew Cuomo's budget director outlined more details of the governor's
tax commission proposals to
cut property and
business taxes in the state.
So let's continue to make our state more competitive, let's
cut more burdensome
business taxes,
New York's corporate
tax rate is currently 7.1 %, let's
cut it to 6.5 %, which would be the lowest corporate rate since 1968 and really send a strong signal to
business saying this is a different day and we are doing it a different way.
This includes a plan to offer a
tax credit that
cuts tolls in half for the
New York residents and
businesses who utilize the Thruway most often — benefitting nearly one million passenger,
business and farm vehicles using E-Z Passes; eliminating tolls for agricultural vehicles; and keeping tolls flat until at least 2020 for all other drivers.
«It's not lowering
taxes or creating incentives for one
business over another, or one section of
business over another, it's
cutting the
tax rate across the board for property
tax owners and for
businesses in
New York state.»
And the conservative is talking like no statewide politician
New York has in memory: He promises to stop plans for a mosque to be built near ground zero,
cut spending by 20 percent,
cut taxes by 10 percent and
cut regulations on
business.
Sixty - eight percent said his
cuts to school aid and
tax cuts would convince them to oppose him, while 67 percent said the Committee to Save
New York would keep them from pulling the lever for Cuomo, after the pollsters» described the group as a «shadowy» organization «that raised more than $ 17 million from Wall Street, real estate moguls and other
business interests to promote his agenda of education
cuts and
tax breaks.»
Leaders from the
New York State
Business Council and other groups told a Senate panel that the proposed wage hike would cost employers nearly $ 16 billion in added costs, far exceeding the benefit of any possible
tax cut.
New York Gov. Andrew Cuomo on Sunday proposed raising the state's minimum wage and unveiled plans to alleviate student loan debt and
cut taxes for small
businesses.
«Forcing small
business owners to shoulder an unprecedented $ 15 minimum wage burden will have greater negative ramifications than the governor's
tax cut proposal can make up for,» said Brandon Muir, executive director of Reclaim
New York Center for Government Reform and Accountability.
ALBANY (AP)
New York Gov. Andrew Cuomo is calling for a 4 percent small
business tax cut, the latest in a flurry of proposals as he unveils his 2015 agenda.
ALBANY, N.Y. (CBSNewYork / AP)--
New York must raise the minimum wage,
cut small -
business taxes, ease the burden of high property
taxes and invest big in transportation, Gov. Andrew Cuomo said Wednesday in a sprawling address that laid out a long list of priorities for 2015.
He was elected in 2010 as a «
new Democrat» who married centrist economic policies — a cap on property
tax increases,
business tax cuts, a reduction in pension benefits for
new public employees — with liberal social policies like strict gun control and support for same - sex marriage.
The biggest potential
business tax cut benefiting a large chunk of wealthy
New Yorkers — a reduction in
tax rates for owners of pass - through entities — is the least likely of the proposed Trump reforms to be enacted any time soon.
Cuomo, too, has benefited from the IDC - GOP coalition in the chamber, and often cites his record to pass measures such as a
new gun control law and the legalization of same - sex marriage, while also racking up
tax cuts aimed at
businesses and property owners in the state budget.
«Property
taxes remain the most burdensome
tax on home - and
business - owners in the Mid-Hudson Valley and across
New York, and this bold initiative will empower local governments to work together to find real solutions to lower costs,
cut property
taxes and improve government efficiency,» Cuomo said.