Cuomo Calls for Increased Taxes as He Unveils Budget
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ALBANY, N.Y. — Gov. Mario M. Cuomo, unveiling a $51.3-billion state budget, today called for about $700 million in higher taxes and fees and proposed that New Yorkers forgo a promised income tax cut in 1990-91.
Cuomo, a second-term Democrat considered a potential 1992 presidential contender, said New York needs the extra money to deal with budget deficits and to combat drug abuse and AIDS.
New York’s tax revenue has been hurt by earlier tax cuts and an economic slowdown in the Northeast, he said.
Under his spending plan, the overall budget would grow 9.3%. Included in his proposal for additional revenue was a call for an increase in the cigarette tax of 5 cents a pack to 38 cents.
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