Thursday, December 28, 2006

N.Y. Senate wants to triple tax rebates Bruno: Money would come from state's 'sizable surplus'

Yeah......let's get our minds off that pesky FBI investigation going on and the defection of one our own Balboni to the other side.....let's play Santa Claus now...Tis the Season............andy

"ALBANY -- The state Senate wants to give local property taxpayers $6 billion in rebates and tax credits in 2007 and 2008, Majority Leader Joseph Bruno announced Wednesday.
"The number one priority of the Senate is to provide greater property-tax relief to the hardworking, overburdened taxpayers of New York State," Bruno said in a statement.
The proposal calls for refunding $2.6 billion in 2007 -- triple the amount of the approximately $875 million handed out before November's election -- and $3.4 billion in 2008. The $875 million in 2006 included $200 million for income tax credits in New York City, and those credits are included in the new plan. The rebates averaged about $175 for non-seniors and $300 for senior citizens in 2006, and they would increase to an average of $525 for non-seniors and $900 for seniors under the Senate plan." for the rest .......
click here ...........andy

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