early and often

Albany to Rake in More From New Taxes and Fees Than Announced

So how many billions will Governor Paterson’s proposed additional taxes, surcharges, assessments, and fees net the state government? Several different figures have been reported and released, so here’s the tally: The state revenue actions add up to $6.9 billion, which does not include the additional $1.5 billion earned from canceled property-tax rebates. If you’re paying attention, that’s about $1.7 billion more than the figure put out by the governor’s office — which, in anticipation of this morning’s onslaught, obviously had an interest in downplaying the numbers. A spokesman for Mr. Paterson said their number is lower, in part, because they did not count tighter tax-compliance regulations, bottle-deposit revenue taken away from the beverage industry, and the removal of certain tax breaks to businesses.

Albany to Rake in More From New Taxes and Fees Than Announced