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.
Governor Andrew Cuomo will propose a budget that phases in universal early-childhood education over five years, setting up a showdown with Mayor Bill de Blasio, who wants to raise taxes on New York City’s wealthy to pay for a similar program there.
New York’s Metro-North Railroad is shut down along the Hudson River after a train derailment caused the first passenger fatalities in the line’s 30-year history, renewing scrutiny of safety on one of the city’s major mass- transit arteries.
New York Mayor Bill de Blasio cruised through the state capitol giving hugs, handshakes and pats on the back to lawmakers whose support he needs for a tax increase on wealthy residents for early-childhood education.
Around the side or back doors and down 10 steps of the single-family homes in Ozone Park, Queens, lies a netherworld of illegal basement dwellings -- a byproduct of New York’s chronic housing shortage.
U.S. stocks fell the most since August and Treasuries rose as concerns grew that political debate over government spending and potential Federal Reserve stimulus cuts may pose a threat to economic growth. Emerging- markets shares dropped and gold retreated the most in 11 weeks.