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In today’s CapCon, we’re rich! New York’s tax collections have far outpaced projections so far this fiscal year to the tune of $7.3 billion. Here’s where it came from.
Then, as the city of Albany faces fiscal woes, members of its Common Council want the Legislature to enact a commuter tax to help close its gap.
And, Hochul says Mamdani will campaign with her in the final weeks ahead of the election and James Dolan doubles his donations to a pro-Blakeman super PAC.
Later, a new bill seeks to help address New York’s problem gambling crisis tied to online sports betting by giving consumers a flexible option to ban themselves.
Names in today’s CapCon: Kathy Hochul, Zohran Mamdani, James Dolan, Bruce Blakeman, Thomas P. DiNapoli, Pat Fahy, Dorcey Applyrs, Gabriella Romero, John T. McDonald III, Antonio Delgado, Sam Sutton
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