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Commentary By Nicole Gelinas

New York Is Rich, but Gov. Kathy Hochul Still Wants to Raise Your Taxes

Economics Tax & Budget

Gov. Hochul pledged Wednesday not to raise taxes on the middle class. As she said, “it’s not a news flash that New Yorkers already believe they pay too much.”

So what did she do in her massive $227 billion budget? Raise taxes on the middle class.

New York, for now, isn’t wanting for fiscal resources. Tax revenues for the fiscal year ending in March are $5.9 billion higher than expected, for a total of $116.3 billion — 11.1% higher than last year. (The rest of the state budget comes from federal funds, plus various fees.)

Continue reading the entire piece here at the New York Post


Nicole Gelinas is a senior fellow at the Manhattan Institute and contributing editor at City Journal. Follow her on Twitter here.

Photo by Michael M. Santiago/Getty Images