And we do that through, in part the city budget, in larger part the state budget. And we've put forward a fiscal proposal that The largest amount of funds, the $5 billion of the 10 that we propose raising, would come from matching the state's top corporate tax rate to that of New Jersey, 11.5%. And just in doing that, from 7.25 to 11.5, that's $5 billion on an annual basis. (11:31–11:42)
CLAIM
Asserts that matching New York's corporate tax rate to New Jersey's would raise $5 billion annually.
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