Fox News Confirms CuomoTARP's Report That New York State Must Repay Feds $3.3 Billion Dollars With Tax Hike Likely

Andrew Cuomo's budget is a joke; he forgot the $3.3 billion he owed: He must repay the Federal Piper.

      Fox just reported, "States That Ignored Warnings on Unemployment Insurance Face Reckoning"  "States must find the money to pay interest on the loans. Generally, that involves a special tax on businesses until the loan is repaid. Some states could tap general revenues, making it harder to pay for schools, roads and other state services.
In the long term, state will have to their replenish unemployment insurance programs. That typically leads to higher payroll taxes, leaving companies with less money to invest."

This blog reported  Andrew Cuomo's Business Friendly Puff Pieces Fizzle As Reality Closes In

     As of January 21, 2011, New York State, one of 30 States, borrowed $3,343,758,375.70 (to be repaid) from the federal government for paying Unemployment Insurance.  Six States, Maryland, New Hampshire, South Dakota, Tennessee and Texas, have repaid their loans in full.    And since Cuomo didn't budget for this in his budget, he must be planning to pass it through to NY businesses at an average $478 TAX per worker.

Oh wait, Andrew Cuomo promised not to raise taxes.  What are we to believe?