NYC burdened as state budget inflates, imposes permanent surcharge on high-earners.
As New York unveils its staggering $237 billion state budget, concerns mount over its long-term implications, particularly for New York City. The decision to institutionalize a temporary surcharge on high-income earners amidst rising out-migration and quality-of-life concerns raises questions about the state’s fiscal responsibility and its impact on urban centers. Key points: New York’s latest …