With New York state facing a $6 billion budget deficit, the speaker of the State Assembly said it might be time to impose new taxes on the rich.
A multibillion-dollar gap in the Medicaid budget is contributing to the state’s deficit, and Assembly Speaker Carl Heastie said he knows it’s going to be a “tough budget year.”
“For us in the Assembly, we would always rather raise revenue than cut,” Heastie said. “We think that New York has some very generous people, and I’m saying that facetiously, that we would always like to call on them to do more, in that regard.”