Spin Cycle

News, views and commentary on Long Island, state and national politics

Memo outlines 'zero growth,' forgets millionaires' tax

The Cuomo administration has told state agencies to submit 2013-14 spending plans assuming “zero growth.”

In a letter to agency commissioner, Budget Director Robert Megna said any requests for new initiatives must be “offset by corresponding reductions elsewhere in your budget.” The agencies are supposed to submit plans by Oct. 16.

Megna spends a good deal of the memo hyping Gov. Andrew M. Cuomo’s financial initiatives. But in making a claim that the governor hasn’t raised any taxes, he seems to be forgetting that the state, last December, raised the income tax rates for individuals earning $2 million or more per year.

advertisement | advertise on newsday

advertisement | advertise on newsday