The State Budget came in less than anticipated, with a serious budget shortfall. The solution according to embattled New York Governor David Paterson: Raise Taxes.
From CBS 6:
ALBANY -- As revenue comes in short of projections, Gov. David Paterson has revised his budget proposal to include higher taxes on the payrolls of New York City businesses and selling wine in grocery stores...
He also wants to boost the payroll tax in New York City to 0.54 percent, up from 0.34 percent.
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