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ECONOMICS 101: Tax Revenue DROPS $2.8 BILLION as Wealthy FLEE NY, Budget in Total Crisis

posted by Hannity Staff - 2.05.19

New York Governor Andrew Cuomo confirmed Tuesday that his state is facing a major budget crisis after local tax revenue plummeted $2.8 billion; announcing he will revise the 2019-2020 budget to reflect the decreased finances.

“Gov. Andrew M. Cuomo on Monday announced a dramatic drop in state income tax revenue of $2.8 billion, which he says will prompt him to revise his 2019-20 budget and reconsider spending on schools, health care and repairs to roads and bridges,” reports Newsday.

“At this point there is no doubt that the budget we put forward is not supported by the revenues,” Cuomo said in Albany. “It’s as serious as a heart attack.”

“I fear it’s going to get worse before it gets better,” said state Comptroller Thomas DiNapoli. “It’s not all gloom and doom, but it’s a matter of very, very serious concern.”

Read the full report at Newsday.

BAD APPLES: Cuomo, De Blasio UNDER FIRE for $1.5 BILLION in Amazon Kickbacks

posted by Hannity Staff - 11.14.18

Governor Andrew Cuomo and New York City Mayor Bill de Blasio found themselves in hot-water this week with Big Apple residents “furious” after they discovered the two leaders agreed to $1.5 billion in taxpayer subsidies for Amazon’s new headquarters in the borough of Queens.

The prominent Democrats were accused of an “immoral waste of taxpayers’ money” as a growing number of constituents griped over the massive kickbacks as the city’s infrastructure continues to age and crumble.

“I think if the takeaway from the recent election in Queens, New York City and nationally is that we should actually step up corporate subsidies and billionaires getting billion-dollar bailouts — if that’s the takeaway, somebody’s not got their fingers on the pulse of Democrats, certainly, but people generally in this country,” New York City council member Jimmy Van Bramer.

GOING GREEN: NY Gov. Cuomo Seeks to ‘Ban Plastic Bags’ from Stores, Shops Across the State

posted by Hannity Staff - 1.14.19

New York Governor Andrew Cuomo unveiled his new initiative to crackdown on plastic bags throughout the state Sunday; saying the proposal “will reduce litter in our communities, protect our water and create a cleaner and greener New York for all.”

“While the federal government is taking our environmental progress backwards and selling out our communities to polluters and oil companies, in New York we are moving forward with the nation’s strongest environmental policies and doing everything in our power to protect our natural resources for future generations,” Cuomo said in a prepared statement on Sunday. “These bold actions to ban plastic bags and promote recycling will reduce litter in our communities, protect our water and create a cleaner and greener New York for all.”

Cuomo made national headlines late last year after confirming he had secured billions of dollars in tax rebates for a new Amazon headquarters in the New York City borough of Queens; sparking outrage from local residents plagued by aging infrastructure and crumbling subway lines.

Read the full report at the Daily Caller.

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