Tax & Budget

Taxes, Government Services and Jobs

February 12, 2003.  A short summary of the academic literature on this subject, and a critique of the New York State and New York City “tax impact” models prepared by the Beacon Hill Institute for the Heritage Foundation and the Manhattan Institute.… (read more)

Balancing New York State’s 2003-2004 Budget in an Economically Sensible Manner

February 4, 2003. The Fiscal Policy Institute’s 13th annual budget briefing: analysis of Governor George E. Pataki’s Executive Budget and alternative approaches to balancing New York State’s 2003-2004 budget.  Briefing book on the 2003-2004 executive budget >>

This PowerPoint version of the briefing book has most of the same charts and graphs but condenses the text with bullet points.

Despite Governor Pataki’s recent pronouncements regarding the relationship between jobs and cuts in broad based taxes, the large personal income tax … (read more)

New York State and Local Taxes in 2002

January 2003. From the Institute for Taxation and Economic Policy, this chart and table show the impact of state and local taxes (by type of tax, in total before taking federal deductibility into consideration, and in total after taking federal deductibility into consideration) on the family incomes of non-elderly New Yorkers broken down into seven income categories, ranging from the bottom 20% (taxpayers with incomes of less than $15,000) to the top 1% (taxpayers with incomes above $634,000). (PDF)… (read more)

The NYS and NYC Budgets

November 25, 2002. New from FPI: the New York City 2003-2004 budget outlook, based on Mayor Bloomberg’s November 14, 2002, Financial Plan Update. Briefing materials on the state budget:

  • New York State’s 2003-2004 Budget Outlook – a budget alert originally released October 19 and a presentation released September 26,
  • Listing of new tax cuts taking effect in 2002, 2003 and thereafter.
(read more)

Budget Alert: New York State’s 2003-2004 Budget Outlook

October 19, 2002. By Frank Mauro.

Late last month while discussing a broad range of topics with the editorial board of The (Troy) Record, Senate Majority Leader Joseph Bruno predicted that New York State faces a budget gap of $8 billion to $10 billion in its 2003-2004 budget.  The magnitude of this prediction is obvious when one focuses on the fact that the state’s tax supported General Fund budget is about $40 billion.  Thus, if Senator Bruno’s prediction is accurate, … (read more)

New York State’s 2003-2004 Budget Outlook

September 26, 2002. PowerPoint presentation >>(read more)

New York State’s 2003-2004 Budget Outlook

September 26, 2002. Presentation in powerpoint.… (read more)

The State of Our Schools Part 2: The Combined Effect of the “Bare Bones” Budget and the Governor’s Proposed State Aid Freeze

April 17, 2002. FPI’s analysis of the combined effect of the 2001-2002 “Bare Bones” Budget and the Governor’s proposed 2002-2003 state aid freeze on New York State school districts and students was presented in a new report from the Alliance for Quality Education and the Public Policy and Education Fund. This analysis shows that under the Governor’s proposed budget, 6 out of 7 school children in the state are in school districts that will receive less aid in 2002-2003 … (read more)

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

February 26, 2002. 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)

Testimony before the Senate Finance and Assembly Ways and Means Committees’ Joint Public Hearing on Economic Development and Taxation

February 26, 2002. FPI’s testimony before the Senate Finance and Assembly Ways and Means Committees Joint Public Hearing on Economic Development and Taxation.… (read more)