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New York: Controversies over the governor’s tax plans take shape

In Gov. Andrew Cuomo’s 2018 Executive Budget, the Budget Director touted the state’s “prudent fiscal management,” the features of which are constrained expenditures, lower taxes, economic stability, governmental innovation, and monetary discipline. This has generated a turnaround in New York’s circumstances such that it now enjoys the second-highest or highest investment-grade credit ratings on various bonds, record level support for schools, cost-effective health care, and expanded opportunities for the middle class.

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