Thursday, March 13, 2014

Assembly budget ends energy tax for residential users

Assemblywoman Addie J. Russell (D-Theresa) announced the Assembly budget proposal delivers vital tax relief to North Country families struggling to afford high electric bills by immediately ending the 18-a energy surcharge for residential customers (E.914).

            “The rough winter this year has placed an exclamation point next to a burdensome tax that has been hurting North Country families years,” Assemblywoman Russell said. “Eliminating this energy tax now will result in savings, helping our families that are struggling to keep up with rising energy costs.”

Governor Cuomo’s executive budget proposed eliminating the surcharge for industrial users while continuing the gradual phase-out for residential customers. The Assembly budget proposes an immediate elimination of the charge for residential users in SFY 2014-15 and significantly speeds up the phase out for industrial users.

            “High energy costs are forcing our families into a situation where they have to choose between heating their homes or putting food on the table,” Assemblywoman Russell said. “North Country families need tax relief right now, not in a few years. The faster we can lower taxes on energy bills, the better.”

            In last year’s budget, the Assembly championed the phasing out of the 18-a utility surcharge on energy bills, which was set to end in 2017. This year’s proposal fast-tracks this plan, saving families $200 million annually, Assemblywoman Russell noted.



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