Tax & Budget

Preliminary Analysis: Do Tax Increases in New York City Cause a Loss of Jobs?

December 5, 2001. Moshe Adler, Oliver Cook and James Parrott presented this review of the evidence at the New York State Network for Economic Research conference for review and comment. (The analysis was published in State Tax Notes in February 2002.)… (read more)

Budget Cuts vs. Tax Increases – What’s Better for the State’s Economy?

November 6, 2001. The Center on Budget and Policy Priorities has released a new paper, Budget Cuts vs. Tax Increases at the State Level: Is One More Counter-Productive than the Other During a Recession? By Joseph Stiglitz, Professor of Economics at Columbia University and winner of the 2001 Nobel Prize in Economics, and Peter Orszag of the Brooking Institute. Read the Paper >>

 

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Impact of the 2001-2002 Bare Bones Budget on School Districts, County by County

August 2001. Click on the county you are interested in to download a PDF file summarizing the impact of the Bare Bones Budget on the school districts in that county.

Counties Albany Allegany Broome Cattaraugus Cayuga Chautauqua Chemung Chenango Clinton Columbia Cortland Delaware Dutchess Erie Essex Franklin Fulton Genesee Greene Hamilton Herkimer Jefferson Lewis Livingston Madison Monroe Montgomery Nassau Niagara Oneida Onondaga Ontario Orange Orleans Oswego Otsego Putnam Rensselaer Rockland St. Lawrence Saratoga Schenectady Schoharie Schuyler Seneca Steuben Suffolk Sullivan(read more)

A Giveaway to Landlords

June 8, 2001. An op ed by Moshe Adler and James Parrott, published in the New York Daily News.

With commercial rents skyrocketing, Mayor Giuliani and the City Council have decided to step in. Hold on to your wallet. Ostensibly to help commercial tenants, the mayor and the Council have decided to transfer $25 million a year from the pockets of taxpayers to the pockets of landlords.

Here is how it will work.

The city taxes commercial rents when … (read more)

A Preliminary Analysis of the Impact of President George W. Bush’s Tax Cut Proposals on New York State

April 12, 2001. A new administration in Washington is determined to push through an unprecedented $1.6 trillion tax cut that will have far-reaching effects for years to come. This report shows that the Bush tax plan would hit the Empire State with a powerful “double whammy.” While the richest 1.1% would receive over 60 percent of the tax cut, 2.5 million New Yorkers would be left entirely. Many other New Yorkers would receive cuts that are smaller than advertised. Overall, … (read more)

The Impact of New York State’s Personal Income Tax on Low Income Working Families

March 1, 2001. This report shows that New York has among the lowest income tax burdens in the country for low-income working families. Most of the relief for these families comes from the State Earned Income Tax Credit (EITC) enacted in 1994. The income tax rate cuts and other changes enacted in 1995 now cost over $5 billion per year but provide very little help to these families. Also see the Center for Budget and Policy Priorities annual report, State (read more)

Poverty Amidst Plenty 2001

February 27, 2001. New York State leaves millions of dollars unspent for anti-poverty efforts for state’s poor families. The state’s TANF funds should be fully and promptly used for the New York families that need them. A new report makes the case.

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Balancing Revenues, Expenditures and Human Needs in the 21st Century: Assessing New York’s 2001-2002 Executive Budget in Economic, Social and Fiscal Context

January 2001. The Fiscal Policy Institute’s 11th annual budget briefing.  Briefing book on the 2001-2002 executive budget >>

Also at this year’s briefing, Michael Mazerov of the Center on Budget and Policy Priorities made a presentation: The “Single Sales Factor” Formula for State Corporate Taxes: A Boon to New York Economic Development or a Costly Giveaway?(read more)

Are Lazio’s proposed tax cuts good for New York?

October 29, 2000. Point-counterpoint opinion from FPI’s Frank Mauro and Stephen Kagann, New York State Chief Economist, in the New York Daily News.

It’s a Boon to the Rich By Frank Mauro, Executive Director, Fiscal Policy Institute

Rick Lazio likes to refer to his proposed tax cuts as balanced and fiscally responsible, and says they will “extend economic expansion across New York.” In reality, he fails on all three grounds.

The Lazio tax cuts are not fiscally responsible. Together … (read more)

The Impact of Federal Spending Priorities on New York State: An Educational Briefing

June 2, 2000. New York State receives $3.9 billion less per year from the federal government in key budget areas than it did in 1980. Meanwhile, while military spending grew by $10.7 billion. Representatives of Statewide Youth Advocacy, the Interfaith Alliance of New York State and the Fiscal Policy Institute joined Greg Speeter and Pam Schwartz of the National Priorities Project in presenting an educational briefing today on how federal spending priorities impact New Yorkers. Press release:

A new report, … (read more)