New York is facing a $6.1 billion budget deficit, but Gov. Andrew Cuomo said new revenue streams — for example, a controversial high-end real estate tax — are not how he will close it. Cuomo outlined his annual budget proposal Tuesday, calling for the revival of a panel tasked with reforming the state’s Medicaid program and freezing spending on local assistance programs. “This is not the time to come up with major new revenue sources
source https://therealdeal.com/2020/01/21/cuomo-spares-real-estate-in-plan-to-close-6b-budget-gap/
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