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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.