Governor Warns of Tax Hikes

September 27, 2013 Updated Jun 24, 2010 at 2:09 PM EDT

By WKBW Internet

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Governor Warns of Tax Hikes

September 27, 2013 Updated Jun 24, 2010 at 2:09 PM EDT

ALBANY, NY (WKBW) -- The New York Daily News reports that Governor Paterson is warning of new taxes in an effort to close the states large budget gap.

Paterson, in a pair of radio interviews Thursday morning, said tax hikes and other revenue increases would account for as much as 13 percent of the state's plan to close the $9.2 billion budget deficit.

Part of the plan would include reinstating the the state's sales tax on clothing and footwear purchases.

The group New Yorkers for Fiscal Fairness have slammed the plan, calling on lawmakers to impose taxes on the wealthy. The group issued the following statement:

"If State Leaders want to close 10% of the deficit with tax increases then they should base those tax increases on a resident's ability to pay. Adding an additional 1% bracket, for 2010 and 2011, for taxpayers with taxable incomes over $1 million a year, would raise $ 1 billion a year or more in state revenues and would begin to level out the inequities in our tax system."

"Our leaders have an opportunity to close this budget down, make some restorations to some programs and services and create greater equity in our tax system."

Governor Paterson has given lawmakers until Monday to reach an agreement on the state budget before he implements his own measures to close the deficit through emergency spending bills.