"As we work across city government to address the budget emergency left by the last administration, I’m grateful that state legislative leaders are proposing revenue raising and cost shifting measures to help fill the gap. Modest increases in the corporate and mansion tax rates and reductions in the pass-through entity tax credit would make a significant impact on the current shortfall and better prepare us for the future. Increased funding to support class size mandates will ensure our students receive the personalized attention they need. I implore the governor to add her support to these proposals.
"I also commend the Speaker and Majority Leader for including long-delayed funding that New York City needs to implement Raise the Age-related programming – money that was promised but never provided. To date, less than a third of the designated funds have been allocated, and New York City hasn’t received a dollar. This is a vital investment in the success of our young people and safety of our communities.
"I continue to believe that the most effective means of not only meeting this moment, but enabling transformational initiatives for the long term, is to raise income taxes on the ultra wealthy in our city – a small percentage increase for a tiny percentage of residents will empower us to stabilize our own financial situation and secure services for New Yorkers who feel anything but stable in this affordability crisis. We owe it to working families to keep up this fight for economic justice."
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