Assembly Budget Would Provide for Suffolk County Families
March 13, 2007
The budget process this year has been a nice change, because for the first time since I have come to the State Assembly, we have a partner in the executive who will work with us to make things better for all New Yorkers. With Governor Spitzer’s executive budget proposal as a solid base, the Assembly passed budget bills on Monday that would lower taxes, improve the business climate of our state by strengthening local economies, as well as address the needs of the state health care system. All Long Island homeowners know far too well that taxes are far too high. To help alleviate some of the strain, the Assembly’s budget proposal provides $1.8 million to the Town of Islip to help deliver essential services and ease local property taxes, and would include a multi-year funding structure to help localities plan ahead financially. Further, the Assembly’s budget proposal would deliver the governor’s recommended 3-year, $6 billion property tax cut. To ensure that working families keep their hard-earned money in their pockets, our proposal includes provisions to:
- expand the child tax credit to include children under 4; currently, the credit only includes children aged 4 to 17;
- close tax loopholes for big corporations, forcing them to pay their fair share that ordinary taxpayers have been covering; and,
- create a sliding scale Middle Class STAR program, with increased tax relief tied to income.