QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 50, No. 7, July 2010, Posted On: 6/30/2010


New York Legislature Passes Budget Without Governor's 'Soda Tax'


Tim Sanford
Editor@vendingtimes.net
New York State Automatic Vending Association, New York soda tax, Governor David Paterson tax, cigarette tax, vending, vending machine, soda vending

ALBANY, NY -- New York lawmakers have passed a budget bill that imposes an estimated $1 billion hike in taxes and fees on the state's residents, but does not include the 1ยข-per-fl.oz. tax on sugar-sweetened soft drinks proposed by Gov. David Paterson (and endorsed by New York City Mayor Michael Bloomberg).

That proposal provoked fierce opposition from labor and industry groups, including the New York State Automatic Vending Association, and sparked rallies here to protest a measure that opponents said would cost jobs and impose an undue burden on the average family.

The governor had hoped that the measure would raise $1 billion in revenues to help rectify a projected $9.2 billion deficit.

The budget measure includes an increase of $1.60 a pack in the state cigarette tax to a total of $4.35 -- breaking the record $3.46 per pack record previously held by Rhode Island, and raising the average price of a pack to $9.20.


Topic: Vending Features

Articles:
  • Bitcoin Creator Reveals Himself As Banks Look To Employ Cryptocurrency Technology
  • AVS To Host Vending And Micromarket Show In Minneapolis
  • OTI And Microtronic Widen Closed-Loop Payment Options For Vending Market
  • SEVA Convention Set For Aug. 9-11 In New Destin, FL, Venue
  • Antique Vending Machine Refurbisher Banned From Operating In North Carolina

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570