NYS taxes

Testimony on the 2007-2008 Executive Budget

February 28, 2007. Testimony presented by FPI Executive Director Frank Mauro to the Senate Finance and Assembly Ways and Means Committees.… (read more)

Balancing New York State’s 2007-2008 Budget in an Economically Sensible Manner

February 7, 2007. Governor Eliot Spitzer’s first executive budget is the focus of FPI’s seventeenth annual budget briefing: a discussion of economic and fiscal context for the budget, and an analysis of the extent to which the budget helps the state’s regions grow together and strengthens and expands the middle class. Briefing book on the 2007-2008 executive budget  >>(read more)

State needs to address the upstate tax burden

January 25, 2007. An op ed by James Parrott. Albany Times Union.(read more)

Millionaires Urge Legislature to Keep Estate Tax

March 20, 2006. Forty-six wealthy New Yorkers placed a full-page ad in the March 20, 2006, Legislative Gazette calling for New York State to keep its estate tax. In their open letter to the members of the State Legislature, the millionaires said that keeping the estate tax is essential to New York having a fair tax system.… (read more)

Presentation by Trudi Renwick before the New York State Economic and Revenue Forecasting Conference

March 1, 2006. Presentation >>(read more)

Balancing Revenues, Expenditures and Human Needs in a Troubled Time

February 15, 2006. Testimony of Frank J. Mauro, Executive Director, Fiscal Policy Institute, presented to the Joint Budget Hearing on Economic Development and Taxes before the Assembly Ways and Means and Senate Finance Committees.

The centerpiece of the 2006-07 Executive Budget is a return to the pre-2001 practice of enacting large multi-year, backloaded tax cuts.   The myriad of tax reductions being proposed by the Governor would reduce state revenues by about $1 billion in 2006-07.  But because the proposed tax … (read more)

Balancing New York State’s 2006-2007 Budget in an Economically Sensible Manner

January 31, 2006. The Fiscal Policy Institute’s analysis of Governor George E. Pataki’s Executive Budget and alternative approaches to balancing New York State’s 2006-2007 budget. (See pages 28, 29 and 42 through 57 for analysis of school funding issues.) Briefing book on the 2006-2007 executive budget >>(read more)

Back to the future for tax fairness

January 2006. The State Legislature must act to provide New York with new revenues – and more equity. An op ed by Frank Mauro, The Clarion.… (read more)

The “Single Sales Factor” Formula for State Corporate Taxes

September 1, 2005. A boon to New York economic development or a costly giveaway? You be the judge. This report by Michael Mazerov of the Center for Budget and Policy Priorities is an update of a study first published March 27, 2001. Report >>(read more)

The Path Not Taken: How New York State has Increased the Tax Burden on the Middle Class and Cut Taxes for its Highest Income Taxpayers by Over $8 Billion a Year

June 4, 2005. A little bit of tax history by Fiscal Policy Institute Executive Director Frank Mauro.

In 1972, New York State had a personal income tax with 14 brackets, ranging from a low of 2% to a high of 15%.

Since that time the state government has significantly restructured the state personal income tax in a variety of ways. Among the changes that have been made since 1972 has been a move to something that is much closer to … (read more)