Protecting New Yorkers from Federal Tax Changes
New York is Fighting Back Against the Federal Tax Plan
Charitable Contributions to Benefit New Yorkers
The Budget creates two new state-operated Charitable Contribution Funds to accept donations for the purposes of improving health care and education in New York. Taxpayers who itemize deductions may claim these charitable contributions as deductions on their Federal and State tax returns.
Alternative Employer Compensation Expense Program
While Federal tax reform eliminated full State and local tax deductibility for individuals, businesses were spared from these limitations. Under the FY 2019 Budget employers would be able to opt-in to a new ECEP structure.
Decouples from Federal Tax Code
The Budget decouples the state tax code from the federal tax code, where necessary, to avoid more than $1.5 billion in State tax increases brought solely by increases in federal taxes.
Investing in Our Future
New York's Strong Commitment to Education Equity
The Budget includes a $1 billion annual increase in Education Aid to a record total of $26.7B for the 2018-19 school year.
For the 2018-19 school year, 76 school districts that receive significant state aid shall report school level funding allocation data to the public, SED and DOB.
Advancing the Women's Agenda
When Women Succeed, New York Succeeds
Combat Sexual Harassment in the Workplace
The Budget includes nation-leading multi-pronged legislation to combat sexual harassment in the workplace, including prohibiting employers from using a mandatory arbitration provision in an employment contract.
Existing penalties will increase for compelling another person to engage in sexual conduct by threatening their health, safety, business, career, financial condition, reputation or personal relationships.
Extend the Storage Timeline for Rape Kits
The length of time sexual offense evidence collection kits are preserved will be extended from 30 days to 20 years, delivering justice to survivors.
FY 2019 Budget
A $250 million investment will improve the quality of living conditions for NYCHA residents and provide a process by which the proper deployment of capital funding can be verified.
To establish a long-term funding stream for the MTA and to reduce motor vehicle congestion, the Budget enacts a surcharge on for-hire vehicles below 96th Street.
FY 2019 Budget