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The Democrat-controlled Assembly has previously passed a so-called millionaire’s tax, which Silver said would bring in another $1.5 billion. Gov. David Paterson left it out of his budget proposal, but has said taxes could be considered as a last resort.

I bet Mr.Dashle and the rest of them elected officials would like to take class Tax Filing 101 before they open their mouths.....let's see who volunteers
first.....ha ha ha ha ha ha ha ha ha ha.............................fear it boys and girls.....fear it.......

I didn't read any cap on taxes but the Dems left the door open to increase them.

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CAPITOL
Stimulus to bring state more than expected
Infrastructure, education, unemployed to benefit
BY MICHAEL GORMLEY The Associated Press

    A state analysis released Saturday shows New York stands to get more than expected from the federal stimulus package, with at least $24.6 billion coming to the state over two years.
    Gov. David Paterson said the federal aid will go to education, infrastructure projects and direct benefits to low-income and unemployed New Yorkers who are being hit especially hard by the recession.
    Paterson’s stimulus estimate for New York exceeds U.S. Sen. Charles Schumer’s early estimate of about $20 billion over 27 months. Schumer provided that estimate hours after the House and Senate struck the $789 billion economic stimulus deal with the Obama administration Wednesday.
    The difference could be critical to New York as it deals with crushing deficits that could force spending cuts for schools and hospitals, social services, and possibly lead to income-tax increases.
    About $1.2 billion is expected to go to New York City transit, where there is a list of improvement projects needed and unpopular fare increases proposed.
    Paterson also said that, because legislative leaders closed the current budget deficit in January, about $1.3 billion targeted for the current fiscal year can be used for closing the deficit projected for 2009-10.
    “This funding does not absolve us of our responsibility at the state level to bring spending in line with what our government can afford over the long term,” Paterson said Saturday. “We still have to address a $13 billion deficit next year and a multiyear deficit of over $48 billion.”
    The governor said most of the stimulus money will be spent within two years and stressed the need for state officials to reevaluate their spending and produce a smarter, less costly, more efficient government.
    Now budget crafters in the Paterson administration and the Legislature will try to agree on how to spend the stimulus money and address a deficit the Assembly projects has grown to $14.2 billion.
    Paterson calls for painful cuts in his proposed 2009-10 budget, including a 3 percent cut in school aid, a 14 percent increase in tuition to public colleges and reduced Medicaid funding. All have Albany’s strongest lobbyists backing efforts to roll back the proposed cuts.
    Meanwhile, Schumer announced Saturday that one item in the stimulus package will lead to a huge investment in New York commerce.
    The state is getting a share of $8 billion that is designated for railroad projects across the nation. Schumer said the money will help get a high-speed rail service going from New York City to Buffalo, giving a boost to passenger travel and business through the state including Schenectady, Utica, Syracuse and Rochester.
    “The dream of high-speed rail that spans our state from Buffalo to New York City is one step closer to reality,” Schumer said. “We have an aging and ailing rail system in upstate New York and this funding will be critical to the future of our transportation systems.”
    Elizabeth Lynam of the independent Citizens Budget Commission warns that state officials should look at the federal stimulus as “a Band-Aid, not a cure.”
    “The federal money should only be used to buy them some time to implement the structural spending reforms New York needs if it is to emerge from this crisis a stronger, more competitive state,” she said.
    According to Paterson, the stimulus aid to New York will include:
    $11 billion more in federal Medicaid funding. About 70 percent will go the state, the rest to county and big city governments that administer the health coverage program for the poor. The money will be split: $1.9 billion for the current fi scal year, $5 billion in 2009-10 and $4.2 billion in 2010-11.
    $2.5 billion to restore education cuts. The money will be split over the next two fiscal years and could be enough to eliminate Paterson’s proposed cut in education for the fiscal year beginning April 1.
    $556 million in “flexible relief” over two years to support government programs approved by the governor and Legislature.
    $940 million for high-needs students in schools and $760 million for special education, both spread over two years.
    $180 million to increase the maximum Pell Grant for college students to $500.
    $1.25 billion for mass transit and $1.1 billion for highways and bridges. State officials say each $1 billion of this aid could produce 10,000 construction and permanent jobs.
    $1.3 billion more for food stamps over two years; $1.3 billion to nearly double the length of time a jobless worker can collect unemployment checks, up to 59 weeks; and $100 million more for child care services for low-income parents trying to hold jobs.

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Welfare for the state but what happens in 2 years when the money is gone?

Quoted from Shadow

Welfare for the state but what happens in 2 years when the money is gone?

Higher taxes....what else? This is just a bandaid covering a hemorging artery. The next generation is going to be taxed up the wazoo!!!

We are looking at where we will be moving to in ten years now when we retire. it won't be here, we will not be able to afford the taxes and fees. It will be a southern republican state where they keep the taxes low.

Quoted from GrahamBonnet

We are looking at where we will be moving to in ten years now when we retire. it won't be here, we will not be able to afford the taxes and fees. It will be a southern republican state where they keep the taxes low.

Cant afford it either.....it's like working for a pimp.....lotto anyone????

does anyone have some bathtub gin ready????

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State shifts its tax targets Stimulus money should supplant soda, sports fees
BY MICHAEL GORMLEY The Associated Press

Gov. David Paterson said he will use federal stimulus funds to eliminate his proposals to raise taxes and fees covering everyday purchases including music downloads and sugary drinks. The measures had already faced an uncertain future because of strong opposition by Democrats who control the Legislature. Meanwhile the Senate’s Republican minority conference tried to use the proposals to cast Paterson and his party as big taxers.
    Eliminated in Wednesday’s deal with Democratic legislative leaders were: A return of the sales tax on clothing, and new taxes on music and pornography downloads, haircuts, manicures, movies, concert and theater tickets, health club memberships, bowling, golf and skiing fees, cable and satellite television manufacturers’ coupons, and more.
    The taxes and fees “really have disturbed a lot of New Yorkers,” Paterson said. “I didn’t want to do it in the first place.”
    The announcement may have been a great press event judging by the number of legislators attending, but it caused more problems than it solved, said Elizabeth Lynam of the independent Citizens Budget Commission. She said that although the so-called nuisance taxes had made headlines, the federal stimulus money could have gone to replace things such as a proposed health insurance tax that could hit New Yorkers harder.
    “If the leadership is going to get us through this fiscal crisis, it’s not the best use of these funds,” she said.
    Senate Minority Leader Dean Skelos’ Republican conference had pushed to eliminate all tax increases proposed in Paterson’s 2009-10 budget released in December. But Skelos doesn’t think much of Wednesday’s announcement by the Democratic governor, who is suffering his lowest poll ratings.
    “I guess if my approval rating was 26 percent, I’d eliminate the taxes most troublesome to people,” he said.
UPSCALE HIT
    Using $1.3 billion in federal stimulus to avoid the taxes makes a proposed income tax rate increase for households making over $250,000 a year more likely, legislators and lobbyists said. Several similar proposals with strong support among the Democrats who control the Assembly and Senate could bring in billions of dollars. The state’s 2009-10 deficit is now projected to be more than $14 billion.
    “I don’t think there’s anyone in Albany that, at the end of the day, thinks we can resolve the budget problem without asking people making over $250,000 to pay their share,” said Billy Easton, director of the Alliance for Quality Education, a group that lobbies for more school aid.
    The income tax proposals are boosted by strong support in public opinion polls. But an economist testified recently in a legislative hearing that the “fair tax” proposals would cost the state about 22,000 jobs because employers would leave.
    Paterson said Wednesday he’s still opposed to raising the income tax rate on wealthier New Yorkers, but acknowledged that his view isn’t shared by fellow Democrats in the Legislature. Paterson also noted the proposal remains on the table, and a tough budget will require serious compromises.
    Paterson said that in exchange for taking the taxes and fees off the table, he gained no reciprocal deal from Assembly Speaker Sheldon Silver or ..................http://www.dailygazette.net/De.....amp;EntityId=Ar00100