On Thursday, after a lot of arm-twisting, the House finally passed the Senate approved Budget Resolution, allowing the committees in both the House and Senate to begin writing the bills that will implement tax and spending changes.
In our latest blog post on the continuing federal budget process, we dive into the differences between how the House and Senate budget resolutions address the federal deficit and what this could mean for the ultimate adoption of the federal spending plan.
The Tax Cuts and Jobs Act (TCJA), a major overhaul of the U.S. tax code capped the State and Local Tax (SALT) deduction at $10,000 per year, but not both through tax year 2025.
For the first time in NYSAC history, the Chairs of all 57 county legislative bodies signed a letter to Majority Leader Charles Schumer seeking federal assistance in preserving this vital funding.
This Blog highlights what is at stake in the unprecedented Medicaid cost shift proposed by Governor Hochul in her budget and ultimately supported by the Legislature.
Every year NYSAC develops a comprehensive federal legislative program.In 2023, NYSAC has focused our efforts on preserving federal eFMAP savings, and restoring the ability to deduct state and local taxes on federal income taxes owed.
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