One of the innumerable questions raised by today’s (possible) flip of power in the state Senate: Will New York City be able to get a tax hike of some sort through Albany?
Councilman Lew Fidler, for one, is worried.
“My only concern is that the Senate is going to be totally ineffective between now and June 30, and we’ll have an $850 million revenue hole,” he told me. “They could decide to go home and fight this out in court. I mean, no matter what side is in charge, someone’s got to realize that New York City needs to generate $850 million in revenue to pass a budget in June.
“And whichever package you favor, they need to give us some authority.”
Before today, the act of approving new taxes for the city was getting complicated. Last week, the Council and the mayor had announced an accord on a new sales tax intended to raise $887 million. But it was receiving pushback in Albany, which must approve any new tax voted on by the Council.
Meanwhile, Azi reports, City Councilman (and finance committee chairman) David Weprin
told reporters that a “G.O.P. Senate would probably be more receptive to a sales tax
than a personal income tax.” And, “It’s not a way to run a government, if you ask me.”