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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.
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.
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.
Blog Economic Development
April 07, 2017It's official: NY's economic development programs cost more than in any other state.