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December 21, 2017The Special Committee consists of CBC trustees, civic leaders, and policy experts, and will identify the greatest impacts and options for appropriate state and local government action.
Op Ed State Budget
December 13, 2017The Citizens Budget Commission is a long-time critic of the New York State Film Tax Credit program and supports its repeal. However, due to some unusual provisions of state tax law, repeal of the credit will not yield immediate state savings.
Report Economic Development
December 05, 2017This report provides an overview of TIF and a five-point checklist drawn from lessons learned from past projects to help identify potential TIF projects.
Press Release Economic Development
November 02, 2017CBC examined the process for setting assessment fees, their uses, and the city’s oversight of BIDs, and recommends increased public review and performance evaluation.
July 10, 2017New York State and local tax deductions, New York City’s $85 billion fiscal plan for 2018, and the inequity of New York City’s real estate property tax system.
April 25, 2017A judicial review based on objective evidence presented in a public forum can be a catalyst for constructive change of the seriously flawed NYC property tax.
Blog Economic Development
April 07, 2017It's official: NY's economic development programs cost more than in any other state.
December 06, 2013The purpose of this background paper is to help inform tax policy choices that the new mayoral administration may face. It examines levels of taxation in New York City compared to other cities, and it reviews research on how taxes affect the local economy and migration patterns.
Video City Budget
December 06, 2013This panel discusses options to reform and increase the property tax; and the impact of tax levels on residential and business location decisions.
December 05, 2013The purpose of this report is to describe three options for increasing property tax revenues. The first of these options maintains status quo inequities; in contrast, the other two address some major problems with fairness and efficiency that characterize current policy.
November 26, 2013This letter to the NYS Tax Relief Commission includes cautions about the State's ability to commit to large new property tax relief programs, and recommendations for providing better relief with the $4 billion the State spends on current programs.
November 14, 2013The State Tax Reform and Fairness Commission contains many smart proposals, including reducing exemptions from the sales tax and reforming business tax incentives.
March 20, 2013The NYS Enacted FY2014 Budget includes an extension of a personal income tax surcharge that is disappointing and should be reconsidered.
December 06, 2007A background paper for the third session of a 2007 stakeholder conference to “fix Albany.” The process by which the next budget is prepared and debated, as well as the substantive decisions it embodies, are critical to the movement for political and fiscal reform in New York State. This paper focuses on a more equitable and affordable local tax burden.
Presentation State Budget
December 06, 2007Presentation from a stakeholder conference on setting budget reform priorities in 2007.
June 02, 2007This report focuses on state and local business taxes in New York City, showing that those taxes are dramatically higher than comparable taxes for key competitors. Combined federal, state, and local taxes reduce the rate of return on new business investment in New York City significantly – about 36-50 percent, depending on location and industry. Most of this is due to federal tax – typically 34-36 percentage points. Taxes in New York City were the highest in all industries in 2006, and were highest or second-highest under virtually all scenarios examined. By contrast, taxes in other New York locations often were lowest or nearly lowest among the locations compared.