NY Legislature Digs into Cuomo's Tax Plan

Hearings will focus on a few tax measures proposed by Cuomo.

Sunday, Feb 5, 2012  |  Updated 8:52 AM EDT
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NY Legislature Digs into Cuomo's Tax Plan

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Raising taxes on loose tobacco is one measure the Legislature will examine in budge hearings.

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New York's Legislature will consider taxes at its next public hearing on Gov. Andrew Cuomo's proposed budget.

The legislative hearings will look at a few measures to raise taxes on loose tobacco and on cigars proposed by Cuomo.

Some legislators also seek propose more taxes as the state's revenues continue to fall below projections.

But the biggest tax issue was taken care of in December. That's when Cuomo and the Senate's Republican majority reversed their campaign promises and approved the Assembly's millionaire tax.

That adds $2 billion to Cuomo's budget and uses some of it for a modest but rare tax break about $200 to $400 for most middle class families.

The budget hearing on taxes is Monday in Albany.

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