Locator: 50744NYS.
Do the math.
NY state budget: $268 billion. (Compare with $170 billion for Texas.)
NY state budget deficit: $5.4 billion. (2%)
New tax on super-wealthy: $500 million (incredibly optimistic; the super-wealthy have ways of cutting their taxes). $500 million / $5.4 billion: about 10% -- that means the state still needs to come up with 90% of the projected deficit -- $4.86 billion.
NY state will solve the problem but it will be mostly through smoke and mirrors.
