Updated: March 08, 2021 06:23 AM
Created: March 08, 2021 05:29 AM
ALBANY, N.Y. (WHEC)— A tax hike could be possible for New Yorkers, depending on how much the state gets from the federal COVID-19 relief bill, that's according to Governor Cuomo.
The bill would grant New York about $12.5 billion, but Cuomo argues there's still not enough help for the state to climb out of its projected $15 billion deficit. The governor says he may be forced to raise taxes to offset the deficit.
When you look at the total numbers though-- New York is set to see an impact of about $100 billion when you add in stimulus payments and other aid.
Of the $12.5 billion projected:
The House is expected to vote on the bill Tuesday.
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