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From what I've read, it STILL didn't actually decrease overall spending by the state, so I fear the deficit will just continue to spiral. The guaranteed state employee pensions will be the death of us yet. We will have to pay for the 50% stock market loss for their pension funds.
It is absurd for him to be raising welfare benefits while instituting all of these taxes..even if it's a small $ amount, symbolically, it's an indictment.
I don't know where the NYS pension plans are at...hopefully they were not in hedge funds or mortgage backed securities.
If people haven't thought about leaving NY yet, this will definitely make them think about it now.
I am so furious. While us middle class have to bear the brunt of supporting the lower class and the upper class, now the welfare class get a 10 % increase.
Now our taxes are going up because Star will be taken away, we will have to pay more for everything.
Meanwhile the poor will get more, will get less of a boost to go out and find work. I am not talking about the disabled or those who just physically cannot work. I am talking about the lazy, deadbeats who do not want to work.
Us hard working, law abiding middle class have absolutely no say in the matter of where our tax paying money is going ; but we are going to get less of it!!!
I think these taxes are ridiculous, as well as increasing welfare spending....but why do people on welfare always have to be "lazy deadbeats" or whatever other negative stereotype you want to attribute to them? I hope none of you run into some serious misfortune one day and need public assistance.
I think these taxes are ridiculous, as well as increasing welfare spending....but why do people on welfare always have to be "lazy deadbeats" or whatever other negative stereotype you want to attribute to them? I hope none of you run into some serious misfortune one day and need public assistance.
Seems I am not the only one around here that sees that there are legitimate people on "welfare". I work in the health care industry and see people every day that need these services. They do not drive luxury SUVs or dress in designer clothes. These are honest people who have become disabled for one reason or another (accident, age, disease, genetic conditions) and can not afford the astronomical health care costs. Medicaid (welfare) is there only choice. The problem is if you need long term care and end up in a financial situation that gives you no choice but to apply for Medicaid, understand this the state takes EVERYTHING to help recoup some of the money paid out for medical care. All the pension/social security/disability payments someone may be living off of. So other than "welfare" how are these people to survive? While I do see a need to reform the system, most people DO NOT take advantage of the existing one. It disgusts me that we as a society do not feel any obligation to care for our sick and elderly, then complain (while driving our luxury SUVs and wearing our designer clothing) when our tax money is used to help people in need. As for all the "illegals" on welfare, show me one, as you NEED to be here LEGALLY to qualify for these programs.
I think these taxes are ridiculous, as well as increasing welfare spending....but why do people on welfare always have to be "lazy deadbeats" or whatever other negative stereotype you want to attribute to them? I hope none of you run into some serious misfortune one day and need public assistance.
You bring up a good point, I think one of the reasons the welfare rolls have a proposed increase is due to the fact the economy is in such bad shape, and so many people are losing jobs that more people will need assistance.
The budget proposal stinks, and its going to hurt, but I think we need to wait until everything gets laid out. Remember this is only a proposal in its very early stages. We also need to realize we need to do something to fix the current budget situation and we need to be prepared to help those who are now/ and will be in really tough financial times as a result of the current economic mess.
It will be interesting to see what affect the STAR rebate credit that is proposed to be cut will have on house prices. It is one of the first things a realator mentions when they show a house - taxes are xxxxx with star. It's usually only around 1000 bucks off (at least in the price range and locations we are looking at), but every little bit helps. A few houses that we have liked were a little more than we wanted to spend, but the taxes with the star rebate made them more attractive to us. I guess not any longer...
It will be interesting to see what affect the STAR rebate credit that is proposed to be cut will have on house prices. It is one of the first things a realator mentions when they show a house - taxes are xxxxx with star. It's usually only around 1000 bucks off (at least in the price range and locations we are looking at), but every little bit helps. A few houses that we have liked were a little more than we wanted to spend, but the taxes with the star rebate made them more attractive to us. I guess not any longer...
Each 1,000 increase in taxes translates into approximately $10,500 less in purchasing power with mortgage rates at 5%.
Now our taxes are going up because Star will be taken away
You are confusing the STAR reduction with the STAR rebate checks.
The STAR reductions off your tax bill (Basic STAR, Enhanced STAR, Aged/Senior STAR) are not being touched.
What the new budget proposal is talking about are the STAR rebate checks that have gone out this year and last year. That is a new program that was added just recently. It is based partly on your income as well as your property tax bill.
How much of a STAR reduction you get off your tax bill depends on what township you live in. For instance, Smithtown gives a smaller reduction than Islip. The Basic STAR reduction in Islip is $900something; Smithtown is closer to $600. Everyone who gets a STAR reduction will still get that under the new budget.
As far as the rebate checks go, I know several people who live in Islip Town and get almost $1000 in Basic STAR (the reduction that is taken right off the tax bill). That reduction is NOT going away under the new budget! They also got the maximum STAR rebate check which was about $600 and was sent out during the summer. The rebate check program is what may disappear.
IMO you can't say that the discontinuance of the STAR rebate check is "raising your taxes" technically. People could do whatever they wanted with that STAR rebate check. If they were smart, they put it away in savings to put toward their next tax bill or mortgage payment; in reality, what most people did was to spend it on something else. The STAR rebate was more like the Federal stimulus package checks that we all got.
The STAR reduction is taken off your tax bill before the bottom line is calculated. Now if THAT were discontinued, then yes, your taxes would actually go up as a result. But the rebate checks were just a goodie that we got for a couple of years. There was never any promise from NYS that the rebate check program would continue indefinitely.
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