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Statement
State Budget
Statement on Economic Development Database and Film Tax Credit in the Fiscal Year 2023 Enacted Budget
April 08, 2022
For too long New York has been a leader in economic development spending, but not a leader in economic development program results.
Statement
Taxes
Statement Regarding the New York State Joint Legislative Budget Hearing on Taxes
February 16, 2022
The enacted State budget should allow the business tax increase to sunset and should restrain spending to allow the personal income tax increase to sunset sooner or at least as scheduled.
Statement
State Budget
Statement in Regard to the New York State Joint Legislative Budget Hearing on Taxes
February 23, 2021
New York State can balance its budget without increasing personal income taxes or delaying the middle class tax cut.
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.
Press Mention
Taxes
New York Crafts Loophole to Protect Property Tax Deductions. But the I.R.S. Could Close It.
The New York Times
April 01, 2018
Tax experts said two plans Gov. Andrew M. Cuomo pushed for in the budget face certain challenges. One, which in effect converts local property taxes into charitable contributions, will most likely be questioned by the Internal Revenue Service. And the other — a complicated option to convert the state income tax to a payroll tax — may prove difficult to sell to businesses and employees. That plan would lower the gross salary for workers but seek to keep their net pay equal to what it was before the federal cap went into effect.Carol Kellermann, president of the Citizens Budget Commission, a fiscal watchdog group, said the plans are worth trying.
“A lot of people are criticizing the provisions, saying they won’t work,” Ms. Kellermann said. “It’s worth trying. There’s no downside to creating the vehicles to try these out.”
Statement
State Budget
Statement on the NYS FY2019 Budget
March 31, 2018
The budget gap will be closed using short-term measures instead of restraint in and reform of spending commitments.
Statement
State Budget
CBC Urges State Leaders to Respond to the Federal Tax Cuts and Jobs Act To Promote Competitiveness and Protect New Yorkers
March 26, 2018
With budget negotiations in the final push, here's what State leaders should do now and in months to come.
Statement
Taxes
CBC Statement on Governor's 30-Day Amendments in Response to Federal Tax Legislation
February 12, 2018
The Governor's proposals represent bold and important steps to address the negative impacts the federal tax law will have on New Yorkers and to maintain New York's competitive position.
Statement
Taxes
CBC Convenes Special Committee to Focus on Federal Tax Cuts
December 21, 2017
The 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.
Statement
Taxes
Statement on Property Tax Lawsuit
April 25, 2017
A 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.
Press Mention
Taxes
NYC property taxes favor rich and white homeowners, lawsuit claims
April 24, 2017
A coalition called Tax Equity Now NY, which includes the NAACP, the Black Institute, several landlords and homeowners, has teamed up with lawyers from the firm Latham & Watkins, including former Chief Judge Jonathan Lippmann, to file a class-action suit this week charging that the DNA of the city’s property tax system is racially biased and favors the affluent over the working- and middle-class.
Press Mention
Taxes
NYS Exposed: Why Did the State Change the STAR Program?
WHEC News 10 NBC
October 20, 2016
New homeowners are running into problems with the state's STAR Program. As part of this year's budget, the tax break for homeowners turned into a rebate check. The problem? The state shorted hundreds of homeowners.
Presentation
State Budget
Local Taxes in New York State
Easing the Burden
December 06, 2007
Presentation from a stakeholder conference on setting budget reform priorities in 2007.