Nixon’s $7B plan to help N.Y. schools
Gubernatorial hopeful Cynthia Nixon unveiled a $7.4 billion education plan Wednesday that would boost spending on schools by hiking taxes on high earners and corporations.
Nixon’s plan would increase aid to schools across the state to the tune of $4.2 billion, and provide free college tuition for another 170,000 students at public universities.
The actress and activist challenging Gov. Cuomo in the Democratic primary said in a speech at Borough of Manhattan Community College that New York’s schools are among the most unequally funded and segregated in the nation.
“The governor’s refusal to address inequity over his eight years in office has had devastating consequences,” she said.
But Nixon’s pricey plan relies on an income tax increase on households earning over $300,000 a year, which would bring in $5.5 billion. In addition, she would raise corporate tax rates to generate $3.2 billion.
The total cost of her initiatives would add up to $7.37 billion.
“That sounds expensive. You know what? It is, and it should be,” the candidate said.
Nixon would not answer questions from reporters about the details of the plan.
Her campaign said the tax hike on the rich is the same one she’s relying on to generate cash to fix the crumbling subways. Most of the money would go to education, with about $1 billion left for subway fixes.
In addition, the subway plan relies on implementing congestion pricing and slapping a separate tax on polluters.
The former “Sex and the City” star is also proposing to end suspensions for students up through third grade, and bar arrests and summonses for school kids for violations and misdemeanors.