taxes

Jessica Hill / AP

Connecticut Governor Dannel Malloy has released a preview of the budget proposal he’ll be presenting to state lawmakers on Wednesday. It includes a provision aimed at helping Connecticut taxpayers get around the new $10,000 federal limit on state and local property tax deductions.

Jacquelyn Martin / AP

Nearly 140,000 Long Islanders scrambled to prepay their 2018 property taxes in the closing days of 2017. That way they could deduct those taxes in full on this year’s filing, before the new tax law took effect and capped property tax deductions at $10,000.

Bob Child / AP

Connecticut Governor Dannel Malloy has a plan to restore money to the state’s Special Transportation Fund. Malloy says otherwise, it would run out of cash in five years.

Hans Pennink; Michael Dwyer; Julio Cortez / AP

The governors of New York, New Jersey and Connecticut say they intend to soon file a multi-state lawsuit against the federal tax overhaul law, over the partial loss of the deduction of state and local taxes.

Mary Altaffer / AP

Governor Cuomo introduced legislation to end what’s known as the carried interest loophole, a measure long sought by the left of the governors’ Democratic Party.

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