Results tagged “billionaire”

Western NY billionaire—and three time NY gubernatorial candidate—Tom Golisano has had it with New York's taxes so he's changing his legal address to Florida. Hey, if only the little people had residences in Florida too! Notably, it's the increased taxes to wealthier individuals that has Golisano riled up. The Buffalo News reports, "Golisano told a gathering of Rochester business executives that he will remain as owner of the Buffalo hockey team, but he is fleeing the Empire State to avoid paying $13,000 a day in state income taxes. While Golisano said his move will not end his role as outspoken critic of New York state government, it remains uncertain how seriously his cause will be taken at the State Capitol as a resident of the Town of Naples, Fla." Golisano, who is working with another billionaire, Mayor Michael Bloomberg, on possibly revamping the Independence Party, says he'll use the money he's saving (over one year, that would be about $4.75 million) to finance charities and maybe his political action committee.

Yesterday, the City Council introduced the bill that would permanently extend term limits from two terms to three. The Daily News spoke to "opponents of the bill" who says the legislation is "being rushed through"--and may come up for a vote in two weeks. A source confirms to the Post, "They're really fast-tracking it because of the mounting opposition."

Today, the NY Times reports that billionaire Ronald Lauder opposes Mayor Bloomberg's and the City Council's plan for legislation to permanently extend term limits from two four-year terms to three four-year terms. But the NY Post reports\ that Lauder, who help fund the initiatives to introduce term limits in the first place, made a deal with Bloomberg where Lauder would "support legislation...in exchange for a guaranteed seat on a Charter-revision commission."