Madeleine Martin, Participant
— GossipMax
Posted by arielstory on December 16, 2008
Governor David Paterson has been talking about New Yorks grim financial situation pretty much since he took office. Now, with Wall Streets troubles and the overall recession, he offered a $121.1 billion executive budget that closes a $15.4 billion budget deficit for this year and next. Notably, education will face a cut of $700 million next year (or 3.3%); the NY Times reports, Increased aid for operating expenses and pre-kindergarten that had been expected as part of the settlement of a long-running lawsuit of school aid would be delayed by four years under the plan. Medicaid growth would be limited and NYC will end up without $650 million in aid. The Daily News summarized some of the proposed taxes in addition to the so-called obesity tax : – An iPod tax that charges state and local sales tax for digitally delivered entertainment services – in other words, that new Beyonce song you download. – State sales tax at movie theaters, sporting events, taxis, buses, limousines and cable and satellite TV and radio.
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