Significant tax hikes may not be in order, after all, to cover the state’s $15 billion budgetary needs as Governor Andrew Cuomo’s budget director, Robert Mujica, announced on Monday that $5 billion had been found to put off drastic deficit measures.
The news comes a week after the state legislature submitted and passed their budget bills outlining priorities that would require, and include, tax hikes to cover “double-digit spending increases” proposed by Albany lawmakers to facilitate a recovery from COVID-19.
