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State lawmakers to talk taxes Monday

Updated: Monday, 06 Feb 2012, 4:00 AM EST
Published : Monday, 06 Feb 2012, 4:00 AM EST

ALBANY, N.Y. (AP) - New York's Legislature will consider taxes at Monday's public hearing on Gov. Andrew Cuomo's proposed budget.

The legislative hearings will look at a few measures to raise taxes on loose tobacco and on cigars proposed by Cuomo.

Some legislators also seek propose more taxes as the state's revenues continue to fall below projections.

But the biggest tax issue was taken care of in December. That's when Cuomo and the Senate's Republican majority reversed their campaign promises and approved the Assembly's millionaire tax.

That adds $2 billion to Cuomo's budget and uses some of it for a modest but rare tax break about $200 to $400 for most middle class families.

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