Some of the local property tax revenue lost by the one-third cut will be replaced by state revenue from a new business tax and higher cigarette taxes, Comptroller estimates a $10 billion dollar surplus from the revised tax system.
Some of the local property tax revenue lost by the one-third cut will be replaced by state revenue from a new business tax and higher cigarette taxes. The state Comptroller estimated a $10 billion dollar surplus from the revised tax system.