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Supreme Court clears the way for Republican-friendly Texas voting maps; In Twin Cities, riverfront development rules get on the same page; Boston College Prison Education Program expands to women's facility; NYS bill requires timely state reimbursement to nonprofits; Share Oregon holiday spirit by donating blood.

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Trump escalates rhetoric toward Somali Americans as his administration tightens immigration vetting, while Ohio blocks expanded child labor hours and seniors face a Sunday deadline to review Medicare coverage.

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Native American tribes are left out of a new federal Rural Health Transformation Program, cold temperatures are burdening rural residents with higher energy prices and Missouri archivists says documenting queer history in rural communities is critical amid ongoing attacks on LGBTQ+ rights.

Report: State tax breaks cost NY almost $3 billion

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Monday, February 3, 2025   

A new report showed New York State loses nearly $3 billion a year due to tax exemptions.

The state Senate report found most exempted items cost the state millions, which could be spent elsewhere. The list of exempted items includes sales tax on private jet service, which would net around $6 million, and the sale of precious metals like gold, which could mean another $601 million in tax revenue.

Sen. Andrew Gounardes, D-Sunset Park, said such exemptions were not made for everyday New Yorkers.

"All of these exemptions don't serve the 99.9% of New Yorkers who are just trying to live ordinary lives," Gounardes asserted. "These are things that, I don't know about you, but I'm not buying gold bars in thousand-dollar increments, and I don't have a private jet to finance or maintain. Who's really benefiting from these carveouts and why can't we do better?"

Revising the state's tax code is what it would take to end the exemptions. Gounardes wants to see any additional revenue to be spent on programs to help families in poverty. A 2024 New York State Comptroller report found the state's child poverty rate is among the worst in the nation.

One option for cutting the child poverty rate is working its way through the Legislature. The Working Families Tax Credit bill would streamline existing tax credits into a single credit, raising the maximum tax credit to $1,600, with a $100 minimum credit per child regardless of income. Gounardes argued it could ensure more families can afford life in New York State.

"It would help us reduce deep child poverty by nearly 25%," Gounardes pointed out. "It would help us reduce child poverty overall by approximately 17%. That's significant. The total cost of that is approximately $3 billion. I think there's a great place to start. Let's actually help families afford living here."

He added the bill would also help the state achieve its goal of cutting child poverty in half by 2031. The state's Child Poverty Reduction Advisory Council has recommended public benefits reform and major investments in child care and housing to complete the goal.


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