NY Senator Jeffrey D. Klein, (D-Bronx/ Westchester), last night voted to bring a more fair and progressive tax system to New York that will cut taxes for middle class taxpayers and have the wealthy pay their fair share.
“This plan puts more money in the pockets of hard-working middle class New Yorkers and creates a common-sense tax structure where a billionaire will no longer get taxed at the same rate as his butler,” Senator Klein said. “The other members of the Independent Democratic Conference and I are proud to have worked with our partners in government to place progress over partisanship and help put New York back on the right track.”
The new tax structure – which is similar to a plan Senator Klein developed in 2009 – was part of a larger reform package aimed at getting New York's economy moving again.
Part of this initiative includes Senator Klein's legislation to put parochial schools on equal footing with public schools by holding them harmless from the MTA payroll tax.
Bronx Borough President Ruben Diaz Jr. praised the Governor Cuomo’s Regional Economic Development Council for selecting 13 Bronx and borough-related projects as top development priorities for the City and the State.
More than half of the $66.2 million, almost $37 million, allocated by the Regional Economic Development Council for New York City will go to the Bronx. This includes $29.5 million that will be used for the redevelopment of the Hunts Point Produce Market, as well as smaller grants for other borough projects.