Governor To Deliver Budget Today
January 22, 2008
Governor Spitzer, who pledged not to raise taxes, will propose today raising taxes on private health maintenance organizations so that they pay the same rate as other health insurers, sources say.
Among the closely watched elements of Mr. Spitzer’s 2008-09 executive budget, which he is set to deliver to lawmakers today, are the revenue-raising measures that the administration has chosen to help the state close a $4.4 billion budget gap.
Aside from calling for higher taxes on managed care companies, Mr. Spitzer is also expected to propose selling off state-owned land upstate and downstate, including land occupied by psychiatric hospitals.
The governor is also expected to propose increasing various state fees, closing business “tax loopholes,” and dipping into reserve funds to balance the budget.
As a candidate and as governor, Mr. Spitzer has repeatedly said that he would not raise taxes. The administration does not consider closing loopholes or increasing fees as tax increases
Source: NY Sun Read the full story here
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