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As economy opens, New York revenue still down

JULY 17, 2020 | by Nick Reisman | SPECTRUM NEWS (NEW YORK)

By Nick Reisman, includes “… The state government is withholding millions of dollars in aid to local governments, substance abuse programs and other areas of the budget while awaiting potential federal aid to come through to bolster its financial footing. County governments are also facing financial strains as sales tax revenue has evaporated. Meanwhile, progressive advocates are increasing their push to have the state raise taxes on the wealthy next year to make up the shortfall in lost revenue.”

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