What Does the New York State Budget Mean For You?

Your Utilities And Commuter Costs Just Went Way Up

NEW YORK (CBS 2) — One of the latest budgets in New York State history was finally approved Tuesday night in Albany.

Even as lawmakers settled on a state spending plan, the budget, along with more taxes and fees, could drastically change the way the average New Yorker lives.

CBS 2’s Marcia Kramer reports that while Albany may have finally gotten its act together, it is coming at a hefty price to taxpayers. Everything from the clothes people wear to taking mass transit to power usages in homes could all result in more money coming out of people’s pockets.

“It’s like being hit and hit again and again and again,” economist Ken Goldstein told Kramer.

More taxes are on the way for hotels rooms are booked over the internet and state sales taxes will be levied on clothing purchases under $110.

Frustrated New Yorkers say the new taxes will take their toll.

“It costs about $50,000 just to be poor in this city,” Harlem resident George Afutu said.

“I think about how am I going to retire if I keep getting squeezed,” said Kevin Hessian of Wheatley Heights.

Diana Altamirano said she hasn’t gotten a raise in two years and that times have gotten tough.

“I have to cut back … on everything,” Altamirano said.

Here are some of the ways the budget will affect New Yorkers:

-The new sales tax on clothing will add 4 percent to every purchase under $110 and another $44 for every $1,000 spent.

-Con-Edison got a three-year, 12-percent hike which translates to a $115-per-year average increase for customers.

-Water rates also went up 12.9 percent or an average increase of about $96 a year.

-The MTA increase equals 7.5 percent for buses, subway, trains and tolls which could mean a bump of up to $180-per-year on MetroCards.


One Comment

  1. John says:

    Time to deal with all the entitlements that our politicians give out like candy …of course that means the entititleys have to vote for them so the working people just keep on paying. Maybe in November we working people should remember and vote all of them OUT

  2. Diane says:

    It~s really a shame that those who are struggling are getting hit more and more while those in high positions arent effected—money for them is not a problem. They live high off the hog, have fancy parties that costs thousands, have chauffers, travel all over, have maids etc… and they dont use public transportation, pay bridge toll etc… Maybe if they started cut backs with them, we would be in a better state —Its time to think about those who are struggling now to make it and not yourselves.

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