Instead, he tried to
raise city income taxes — a move blocked by Governor Andrew Cuomo.
IDC Leader Jeff Klein is hinting that dozens of requests from municipalities could be in jeopardy if the Legislature rejects de Blasio's push to
raise the city income tax on the wealthy to pay for a pre-K expansion.
ALBANY — The co-leader of the state Senate is hinting that dozens of requests from municipalities could be in jeopardy if the Legislature rejects Mayor de Blasio's push to
raise the city income tax on the wealthy to pay for a pre-K expansion.
De Blasio wants permission from the state to
raise the city income tax on the wealthy to pay for pre-K.
Not exact matches
Last year, Cuomo resisted de Blasio's push to allow New York
City to raise taxes on high - income earners in order to fund a city - wide pre-Kindergarten program (In the end, Cuomo funded a statewide version without a surchar
City to
raise taxes on high -
income earners in order to fund a
city - wide pre-Kindergarten program (In the end, Cuomo funded a statewide version without a surchar
city - wide pre-Kindergarten program (In the end, Cuomo funded a statewide version without a surcharge).
The double taxation question could be also
raised for New Yorkers, especially those who pay local
income taxes in Yonkers and New York
City.
The
tax - cutting move also seems to run counter to Democratic mayoral nominee Bill de Blasio's plans to
raise income taxes in New York
City to expand pre-K.
New York
City Mayor Bill De Blasio wants to pay for pre-K for New York
City children by
raising New York
City income taxes on households earning more than $ 500,000 saying that if state funding gets cut, pre-K for New York
City children will still be funded.
ALBANY — Assembly Democrats will authorize New York
City to
raise its
income taxes to fund an expansion of pre-kindergarten programs in the one - house budget resolution it adopts this week, Assembly Speaker Sheldon Silver said.
The mayor's top priority is convincing state legislators to allow the
city to
raise taxes on high -
income earners, to pay for expanded pre-K and after - school programs.
What You really need to do is give the Mayor &
City Council the power to
raise or lower the
City Income Tax.
He said he received positive feedback on his plan for a progressive
city income tax to
raise revenue.
Seattle's wealthiest will become the only Washington state residents to pay an
income tax under legislation unanimously approved by the
City Council, a measure designed as much to
raise revenue as to open a broader discussion about whether the wealthy pay their fair share.
De Blasio's proposal would
raise income taxes on New York
City residents who earn over $ 500,000, which requires approval from both the legislature in Albany, where the State Senate is partially controlled by Republicans, and the signature of Gov. Andrew Cuomo, who has emphasized his desire to cut
taxes in next year's budget.
The New York State Senate recently passed legislation carried by Independent Democratic Conference member Senator Diane Savino, which would
raise the
income cap for SCHE / DHE to $ 50,000 for a full 50 % property
tax exemption and to $ 58,400 for a partial exemption, which will provide much - needed relief to New York
City homeowners.
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.
Today, De Blasio, who proposed
raising the
income tax of
city residents making at least $ 500,000 to pay for pre-K and other school programs, said that Cuomo wasn't ruling it out at all.
De Blasio, who butted heads with Cuomo in 2014 over a proposal to
raise the
city's
income taxes, applauded him.
The mayor noted that he had not
raised taxes to balance the budget, including on the
city's highest
income earners.
In total, the
city has
raised its revenue forecasts by $ 5.1 billion through FY 2017, largely because real estate values and sales activity are increasing faster than had been expected and personal
income tax collections have been strong.
But Cuomo's priorities may come into conflict with those of newly elected New York
City Mayor Bill deBlasio, who wants to
raise income taxes on New York's wealthiest to pay for universal pre kindergarten.
The mayor and the speaker, Melissa Mark - Viverito, will be trying to stiffen lawmakers» resolve in a now - explicit argument with Governor Andrew Cuomo over the merits of de Blasio's plan to
raise the
income tax rate on the wealthiest
city residents to pay for universal pre-kindergarten and after - school programs for middle schools.
He has aligned himself with New York
City Mayor - elect Bill de Blasio's push to
raise income taxes as a mechanism for funding expanded pre-K programs.
Another long - shot challenger, Green Party candidate Kevin Bott, suggests a different approach: Institute a progressive
city income tax to
raise more revenue, and demand that state leaders share a bigger cut of New York's
income tax receipts with Syracuse and other
cities.
The candidates also discussed the question of whether to
raise taxes on high -
income earners, the best means to create jobs in the
city and how they would respond to a citywide emergency as mayor.
Kann, who challenged Vallone in 2001 and 2005 on the Green Party line but ran as a Populist this year, focused much of his third campaign on a proposal to
raise income taxes on
city residents earning more than $ 500,000 per year to pay for
city services that have been neglected during the economic downturn.
«We're not asking Albany to
raise the state
income tax by a penny to pay for universal pre-K and after - school programs here in New York
City,» de Blasio said.
The mayor reportedly did not mention the issue when he traveled to Albany to testify on the governor's budget proposal in January, weeks after taking office, instead dedicating his remarks to pressing lawmakers to approve his signature proposal to
raise taxes on the
city's highest
income - earners to fund universal pre-K and after - school programs.
DeBlasio has been seeking permission from Cuomo and the legislature to
raise income taxes on the wealthy in New York
City in order to pay for access to pre-kindergarten for almost 75,000 four - year - olds there, arguing that it would help ease
income inequality.
Incomes tend to be much lower in farming areas than in
cities, and this has made the government wary of
raising taxes sharply on gasoline and diesel, even though steep fuel
taxes might limit consumption.