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Moreover, he warns, some businesses, rather than pay an extra 6% tax, will move work in-house or out of state, hurting local service providers.
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Combined, these job losses in the manufacturing and the service sectors, put serious strains on federal, state, and local budgets because of the lost tax revenue.
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Needless to say, the New York State Public Service Commission (PSC), which regulates the utilities in New York, allowed utilities to pass the tax through to ratepayers in the form of higher monthly utility bills.
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