Cuomo holds final cabinet meeting of the year, highlighting tax - NEWS10 ABC: Albany, New York News, Weather, Sports

Cuomo holds final cabinet meeting of the year, highlighting tax relief commission

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ALBANY, N.Y. - The end of the year report is in and New York appears to be in pretty good shape, according to Governor Cuomo.

Governor Cuomo held his last cabinet meeting of the year on Monday, bringing together his commissioners to update the media on the progress that's been made.

He used the forum to highlight the Pataki-McCall tax relief commission's recommendations, which Cuomo said, would help those in the state make ends meet and further grow the economy.

The Governor asked the commission to develop a proposal that would save taxpayers $2 billion within three years.

"If our spending only goes up two-percent, we believe by the current projections we could afford the $2 billion in additional tax benefits, especially tax benefits that are designed to further grow the economy because then you get more revenues," said Cuomo.

The Governor said the specifics will be worked out in his executive budget, which he'll submit next year.

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