A battle between legislative leaders over Mayor Bill de Blasio’s plan to tax New York City’s wealthy to fund universal pre-kindergarten threatens the chances of a fourth on-time budget and the highest state credit rating since 1972.
It took Jeff Klein, the Bronx Democrat who shares leadership of the New York Senate, less than 24 hours to back off a threat that he’d hold up the state budget if it didn’t include a plan to tax the wealthy to pay for universal pre-kindergarten in New York City.
New York Mayor Bill de Blasio’s proposal to tax the rich to pay for universal early-childhood education faces obstacles in the state capital in a year when Governor Andrew Cuomo and lawmakers are up for re-election.
New York Governor Andrew Cuomo says he can finance universal early-childhood education statewide while cutting $2.2 billion in taxes. Mayor Bill de Blasio says New York City still needs to tax the wealthy to create a pre- kindergarten program.