More On Taxes
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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.
Blog State Budget
December 13, 2018There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
September 12, 2018One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
March 18, 2018Strategies to mitigate the federal tax law's threat to New York's competitiveness and New Yorkers' wallets.
February 02, 2018The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
Report Economic Development
December 05, 2017This report provides an overview of TIF and a five-point checklist drawn from lessons learned from past projects to help identify potential TIF projects.
Blog Economic Development
April 07, 2017It's official: NY's economic development programs cost more than in any other state.
December 22, 2016Why do owners of the same type of property pay vastly different rates?
Report State Budget
June 20, 2016The impact of a possible recession could be as high as $59 billion, or 18.2 percent of tax revenues over four years.
December 16, 2015This policy brief considers the implications of a recession for the Metropolitan Transportation Authority’s (MTA) current financial plan.
August 25, 2015This policy brief suggests alternatives for taxes on services regulated by New York City’s Taxi and Limousine Commission as a potential source of filling the gap in the MTA's proposed 2015-2019 capital plan.
Blog State Budget
June 28, 2015The legislative package passed in Albany last week rejected some misguided and expensive proposals, including a tax credit for benefactors of private schools. Unfortunately, other expensive proposals were included, adding to current and future state expenses without providing offsetting savings or revenues.
April 12, 2015What kind of impact could a recession have on New York City's revenues?
Blog State Budget
March 17, 2015Overview of Brownfield Cleanup Program
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.
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 14, 2013The State Tax Reform and Fairness Commission contains many smart proposals, including reducing exemptions from the sales tax and reforming business tax incentives.
March 20, 2013The NYS Enacted FY2014 Budget includes an extension of a personal income tax surcharge that is disappointing and should be reconsidered.