Tax & Budget

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

February 2, 2002. A review of the evidence, by Moshe Adler, Oliver Cook, and James Parrott. Published in State Tax Notes. (A preliminary version of this analysis was presented for review and comment, December 2001.)… (read more)

Balancing New York State’s 2002-2003 Budget in a Fair and Balanced Manner

January 23, 2002. A critical assessment of federal, state and local policy options. FPI’s three budget reports:

Also distributed at the briefing: a group press release, below, and an updated edition of the State of Working (read more)

The State of Our Schools: The Effect of the “Bare-Bones” Budget on New York School Districts

January 8, 2002. The Fiscal Policy Institute did the data analysis for this new report from the Alliance for Quality Education and the Public Policy and Education Fund. It shows that 81% of New York State’s school children are in school districts that are getting less state aid per pupil this year than last year, when adjusted for inflation.  Also see:  Impact of the 2001-2002 Bare Bones Budget County by County.

Update: April 17, 2002.… (read more)

Tax Breaks Won’t Help, Public Investment Will

December 12, 2001. An op ed in the New York Daily News on the rebuilding of Lower Manhattan, by David Dyssegaard Kallick and James Parrott.

The newly appointed Lower Manhattan Redevelopment Corp. will meet for the first time next week. When it does, it needs to begin work, in an open process, on a plan to increase the attractiveness of lower Manhattan through public investments, not tax incentives.

Before the mayoral election, politicians and establishment leaders of all stripes seemed … (read more)

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 >>

 

(read more)

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)