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Cuomo's Budget Digs Deep For Cash
By
Garth Johnston
Published Feb 3, 2011
Modified Feb 3, 2011
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By
Garth Johnston
Published Feb 3, 2011
Modified Feb 3, 2011
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Governor Cuomo promised no big tax hikes in his 2011-12 budget but that doesn't mean no tax hikes. Just ask horse racers. Slipping into the budget is a new 2.75% "fee" on gross purses earned at the track (which means horses will need to make a few thousand dollars more to be profitable). In the grand scheme of things the fee isn't very much (and most horse owners lose money on their animals anyway), but it does show just how deep into the sofa cushions Cuomo is reaching for change—now to figure out what else he's found.
Tagged
andrew cuomo
horse racing
state budget
Garth Johnston
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