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Podcast episode State Budget
December 11, 2019$28.8 billion is the cumulative four-year budget gap facing New York State between fiscal years 2020 and 2023. CBC President Andrew Rein joined the podcast to explain how the State should get its fiscal house in order. And for a special treat, CBC's Andrew Perry and Ana Champeny discuss regional economic development and NYC property taxes. Happy Holidays!
Letter State Budget
December 10, 2019The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
December 04, 2019The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.
Podcast episode Taxes
October 24, 2019$81.3 billion the amount of tax revenue New York State will collect in fiscal year 2020—46 percent of all resources in the $176 billion New York State budget.
Michael Schmidt, Commissioner of the New York State Department of Taxation and Finance, joined the podcast to parse the details on the State’s tax base and taxation policies.
August 13, 2019PIT revenues are a significant - and volatile - part of State and City budgets.
Special Feature City Budget
May 13, 2019A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
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.
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.