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Senate calls for tax cuts, Assembly for boosting state aid
With state budget negotiations about to get serious, Senate Republicans on Friday called for a raft of business tax cuts.
The GOP called for $2.5 billion in tax cuts, including some that senators have promoted previously. Among the highlights: Allowing a temporary surcharge on utilities expire as scheduled, phasing out the corporate tax and fast-tracking state permitting.
The GOP’s full list is here.
In contrast, the Democrat-dominated state Assembly called for blocking cuts that the Cuomo administration has proposed for developmentally-disabled programs, boosting aid to community colleges and creating a fund to help immigrants pay for college.
The houses are expected to each pass its own version of a state budget on Monday. Legislators and Gov. Andrew M. Cuomo are aiming to adopt a spending plan by March 21, well ahead of the April 1 deadline.