Focus Should Be On Affordability During Session
We appreciate Gov. Kathy Hochul’s stated focus on affordability. We know, as do most New Yorkers, that it isn’t as easy to make ends meet these days as it was 20 years ago. Hochul has focused her affordability agenda on things like wage increases, tax cuts or tax credit expansions, including her most recent push to eliminate state income taxes on up to $25,000 of tipped income in tax year 2026, which follows federal guidance. A recent World Population Review study showed New York’s cost of living index is 148.2, the second highest in the country, with housing costs that are the ...