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Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Blog
Economic Development
Governor Cuomo Should Veto 3 Economic Development Bills
2019 Economic Development Scorecard
July 09, 2019
Three bills to create new economic development programs or expand existing programs passed both houses during the 2019 legislative session. The Governor should veto all three bills.
Blog
Economic Development
6 New Bills Added to Economic Development Scorecard
June 06, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Special Feature
City Budget
Facts About The NYC Budget
2019
May 13, 2019
A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
Blog
Economic Development
NYS Legislature Introduces 61 Economic Development Bills
April 24, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The 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.
Press Release
Economic Development
Editorials Call for Clean Contracting, Database of Deals in Budget
March 29, 2019
With two days left to finalize the state’s budget, editorial boards are again amplifying the call by watchdogs for Governor Cuomo and the legislature to restore integrity to the state’s contracting process.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The 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
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The 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
Economic Development
End the Empire Zones Program and Adopt Excelsior
March 24, 2010
Explains why Empire Zones were ineffective and argues in favor of the improved features of Excelsior tax credits.