Just read in The Kiplinger Letter that some states including "N.Y. are monitoring small businesses to make sure they're not hiding income or siphoning off sales taxes." I have no regard for tax cheaters, but I'm not sure this is going to get our state out of the deficit hole that it and we are circling on our way down the proverbial drain.
One suggestion for dealing with uncontrolled spending seems to be gaining traction - a tax cap. This has been talked about it Albany for some time, but has not met with favor from the powers that be. Gubernatorial candidate Andrew Cuomo has just come out in favor of capping property tax growth at 2% or the rate of inflation - whichever is lower. This would apply to all school districts and local governments, including fire and other special districts. I think this idea is going to be a mainstay of the debate both for the Governor's seat and for many legislative seats this November.
My good news is that I have every expectation that Tompkins county will show significant growth when the census figures come in. I'm hoping for about 7% growth over 10 years, which would put us a little over 103,000 people, but I'm absolutely positive that our numbers will come in over 100,000--at least 5%. This will make us eligible for a few additional federal programs.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment