Tagged: taxes

Agriculture advocates are welcoming progress on state legislation that would slow rising property taxes for farmers. The Senate passed a bill last week that tightens the cap on farmland assessment increases. Yesterday, that measure also passed out of the Assembly's Agriculture Committee. 

Gov. Andrew Cuomo asked local government leaders from around upstate New York help him convince the legislature to approve his tax free zone plan.
 
Cuomo wants to create tax free zones for new businesses who locate at state-run and some private college campuses around the state. All taxes, even for employees, would be waved for a decade. The governor says he may even increase the plan to 20 other state-run sites.

Gov. Andrew Cuomo has been traveling the state promoting a plan to allow new businesses to go tax-free for up to a decade if they locate near a State University of New York campus.  The plan, which is yet to be drafted into bill form, has raised some questions.

Syracuse Mayor Stephanie Miner says the city isn't giving up on the latest proposal to renovate the Hotel Syracuse. A plan for the city to take over the tax delinquent property stalled last week when, Financitech, which holds the mortgage on the hotel, paid back taxes at the last minute.

The state legislature is finished voting on a $141.3 billion state budget, with the Assembly completing it's work shortly before midnight on Thursday. The final passage occurred one week past lawmakers’ s self-imposed deadline, but three days before the spending plan was actually due to be finished. 

New York State's financial overseer is warning Syracuse's finances face "systemic problems."

Governor Andrew Cuomo unveiled a $142 billion state budget, that includes federal aid for post Superstorm Sandy recovery, and closes a $1.3 billion dollar budget gap.

Gov. Andrew Cuomo proposed a $137 billion state budget Tuesday afternoon. In a speech in Albany before state legislators, he presented his plan to increase spending by about two percent.

There could be some surprises for taxpayers in 2013. Many of them may find themselves with a bigger tax bill next year.

Senator Kirsten Gillibrand is optimistic that the President Barack Obama and leadership of the House of Representatives will cut a deal to prevent the so-called "fiscal cliff."  New York's junior senator predicted there would be progress soon during a visit to Syracuse Friday.