Assemblyman Bill Reilich (R,C,I-Greece) announced today his sponsorship of legislation that will repeal the 2% utility tax hike introduced in this year’s budget. The utility tax hike is in addition to the 300% rate increase already placed on utility companies.
“In this difficult economy, families already are struggling to make ends meet. By adding this tax hike on top of the 300% rate increase on utility companies, we are implementing an astronomical rise in expenses that hardworking families simply cannot afford,” stated Reilich. “This is yet another reason why I voted against this year’s budget and its 138 new taxes and fees. The legislation I am sponsoring seeks to repeal this tax, offering a much-needed break to our already overtaxed citizens.”
The 300% utility tax hike can be seen by consumers as a rise in their monthly utility bills, the 2% increase will be seen on a separate line. The 2% hike, which Assemblyman Reilich seeks to repeal, will cost a typical family of four an additional $114, costing taxpayers $520 million in total.
“I encourage my colleagues to join me in repealing this tax that will ultimately be passed on to the consumers causing an additional and unnecessary tax burden. Increasing taxes will not fix the problems in Albany; government reform and actions to tighten state spending are what will alleviate our financial problems,” stated Reilich. “That is why I continue to fight for measures that will make New York a better place to live by reducing our tax burden.”