Some New York craft brewers are asking their local congressman to reduce the federal taxes on their beer so they can continue to grow.
The number of craft brewers in the state has risen to more than 140 in the past two decades as demand for more flavorful beers has grown. A handful of brewers met with Democratic Rep. Dan Maffei Monday at Empire Brewery in Syracuse. They had two main requests.
A reduction in the federal excise tax will help them expand, Mark Rubenstein, owner of Middle Ages Brewery, said.
Gov. Andrew Cuomo seems to be setting the stage for a tax cut next year. Recently, he’s appointed a new commission to look at cutting property and other taxes, and has said the state may have a budget surplus to pay for them.
The governor announced a new tax policy commission headed by former Gov. George Pataki, a Republican, and former state Comptroller Carl McCall, a Democrat. Both are past political rivals of Cuomo.
Cuomo charged the new panel with finding a way to cut taxes.
New York has been labeled a "leading" state for effective use of cost-benefit analysis in a new study from the Pew-MacArthur Results First initiative. That means New York is doing a better job of making sure tax dollars are spent well, than other states.
Cost benefit analysis is determining the return on an investment. In this case it's determining how much the taxpayer benefits from each public dollar spent.
While many New Yorkers who filed their income tax returns have already received a refund from the state, there are others, mainly those who filed their returns on paper, whose refund has not arrived yet.
Gov. Andrew Cuomo said last week the reason for the delay is not due to an oversight, but rather because of a backlog of tax returns to sort through.
"Ninety-six or 97 percent of the refunds have been already sent out and the tax department is working on the remaining three percent," Cuomo said. "It's just a volume issue that they're working through."
The New York State Senate has passed a bill that would authorize public welfare officials to withhold rent from landlords who have not paid their real estate taxes.
In many cases, publicly funded subsidies meant to help families pay their rent are paid directly to landlords through social services programs. In October, the Syracuse Post-Standard reported that two landlords received more than $400,000 in government aid for rent while neglecting to pay over a million dollars in property taxes to the city.
Farmer John Peck, of Peck Homestead Farm in Champion, Jefferson County, is worried about how steadily rising farmland property taxes are affecting his livelihood.
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 during his stop in Syracuse to promote his tax free zones.
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.
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.
The focus in Washington, D.C. is now on the so-called "fiscal cliff," which describes the automatic budget cuts and tax hikes that are scheduled to go into effect at the end of the year if Congress and the president don't come to an agreement to reduce the deficit. Senator Charles Schumer (D-NY) is among those saying that the election was a mandate for compromise.
U.S. Senator Charles Schumer is skeptical about the latest compromise being discussed in Washington to avoid the so-called fiscal cliff. Schumer expects a deal to be done by the end of the year, but says he won't support what's under discussion now.
Profits on Wall Street are going to be up this year, according to a new report from the New York state comptroller, but are still below their pre-recession highs. The report also finds fewer job losses in the securities industry, and many economic uncertainties ahead.
The debate over extending the Bush-era tax cuts is very much an issue in the race for the 24th Congressional district. Democrat Dan Maffei is criticizing incumbent Ann Marie Buerkle's support for keeping the tax cuts in place for everyone.
Congress took up more than one controversial measure this week before it goes on August recess today. One is the debate over extending the Bush-era tax rates. WRVO's Catherine Loper spoke with central New York Congresswoman Ann Marie Buerkle about the controversial policy.
Governor Andrew Cuomo is running television ads proclaiming New York’s business friendliness, but a recent set of rankings finds the state dead last in that category. The truth likely lies somewhere in between.