The first ad is out promoting the ballot amendment to build new casinos in New York. It focuses on the benefits the casinos might bring, and not on actual gambling activity.
The ads, from a statewide coalition of business and labor groups, are aimed so far at downstate voters , where the New York City mayor’s race and county executive contest in Nassau County, Long Island, is expected to draw the greatest turn out on November 5th.
A report by the State’s Comptroller finds that the dysfunction in Washington may take a bite out of Wall Street profits for the remainder of this year.
The analysis by State Comptroller Tom DiNapoli finds the recent gridlock in Congress, higher interest rates, and the JP Morgan $13 billion dollar settlement over bad mortgages is contributing to lower earnings and profits for New York’s financial industry.
Governor Cuomo seems to be setting the stage for a tax cut next year. Recently, he’s appointed a new commission to look at cutting property and other taxes, and has said the state may have a budget surplus to pay for them.
The Governor announced a new tax policy commission headed by former Governor George Pataki, a Republican, and former state Comptroller Carl McCall, a Democrat. Both are former political rivals of Cuomo.
Cuomo charged the new panel with finding a way to cut taxes.