What Will Happen Under ‘DiNapoli Tax’
Posted by Team Wilson - Wed, August 25, 2010 at 03:31 PM
Today, Harry spoke on the steps of the Dutchess County office building to warn Dutchess County residents of the "secretive" state pension borrowing scheme that invariably will raise property taxes higher.
As you may know, the secretive borrowing scheme, that unelected state comptroller Tom DiNapoli proposes, authorizes the state to borrow money from the state pension fund to make constitutionally required payments to that very same fund, with interest.
Based on the best available information, Harry estimates that under the DiNapoli scheme, that New Yorkers taxes will increase from just over $500 per household to over $1,800 per household. That's a $1,300 'DiNapoli Tax' for every household outside New York City. Harry urges DiNapoli to explain this to the taxpayers of New York.
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I live in NY and will be moving elsewhere very soon. I love NY but can’t afford the costs. Sorry Harry.