Showing 1 - 11 of 11
August 13, 2019PIT revenues are a significant - and volatile - part of State and City budgets.
April 05, 2019The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
March 13, 2019The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Blog City Budget
February 26, 2019The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Blog State Budget
December 13, 2018There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
September 12, 2018One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
February 02, 2018The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
Blog Economic Development
April 07, 2017It's official: NY's economic development programs cost more than in any other state.
December 07, 2011If the temporary personal income tax hike is the price we pay for long-term reforms that enhance infrastructure, encourage job growth, make the state and local tax system more equitable, and reduce future pension costs, then it is a price worth paying.
Blog State Budget
August 22, 2011Talk of a surplus and using it for new initiatives should end immediately.
March 07, 2011Since the onset of the national recession the State has relied more extensively on new revenue measures than on recurring spending cuts.