NYS taxes

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)

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)

New York’s Income Tax System Among the Best for Working Families in 1999

Most Relief Comes from the State Earned Income Tax Credit Enacted in 1994

New York has among the lowest income tax burdens in the country for low-income working families.1

  • Of the 42 states with income taxes, only Vermont and Minnesota do a better job than New York in shielding both poverty-line incomes and minimum wage-earnings from income taxation.
  • New York is one of only four states in which near-poor two-parent families of four — those with incomes at 125
(read more)

Counterbudget 2000-2001: The Budget Reform Section

March 2000. FPI prepares the Budget Process Reform section of Counterbudget, which is coordinated and published each year by SENSES, the Statewide Emergency Network for Social and Economic Security. Counterbudget provides an analysis of the Governor’s Executive Budget Proposal and its impact on low-income New Yorkers focusing on the programs and policies identified as priority issues by the SENSES network of over 2500 human service, religious, labor, economic development and low-income organizations – issues including economic development, public assistance, health … (read more)

Counterbudget 2000-2001: The Revenue Section

March 2000. FPI prepares the Revenue section of Counterbudget, which is coordinated and published each year by SENSES, the Statewide Emergency Network for Social and Economic Security. Counterbudget provides an analysis of the Governor’s Executive Budget Proposal and its impact on low-income New Yorkers focusing on the programs and policies identified as priority issues by the SENSES network of over 2500 human service, religious, labor, economic development and low-income organizations – issues including economic development, public assistance, health care, hunger … (read more)

Missed Opportunities: Assessing New York’s 2000-2001 Executive Budget in Economic, Social and Fiscal Context

January 25, 2000. The Fiscal Policy Institute’s annual budget briefing:

  • State government has begun to address one of New York’s most glaring social disparities (the large and growing number of New Yorkers without health insurance), and it has begun investing in several other areas in which there are significant social investment gaps (such as child care). Unfortunately, it continues to miss the opportunity to use the surpluses generated by the boom on Wall Street and several other factors to do
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New Yorkers Deserve a Fair Deal from State Government

December 2, 1999. The Fair Budget Campaign issues its third annual “People’s Budget;” a wide range of groups call on Governor and Legislature to InVEST in New York’s “human infrastructure.” Press release:

The Fair Budget Campaign released its third annual People’s Budget today, calling for increased investment in the state’s most valuable resource: its people. The Fair Budget Campaign is a cooperative project of ten statewide organizations that represent religious, senior citizen, community, student, environmental and taxpayer perspectives.

The leaders … (read more)

Personal Income Tax Changes in New York State: Enacted 1995 Cuts and Proposed 2003 Cuts

February 1999. An analysis by Michael Ettlinger of the Institute on Taxation and Economic Policy, presented at FPI’s budget briefing in Albany.… (read more)

A Blind Eye: Assessing New York’s 1999-2000 Executive Budget in Economic, Social and Fiscal Context

February 1999. The Fiscal Policy Institute’s annual budget briefing. Below, text from the briefing book on the 1999-2000 executive budget. Also see Personal Income Tax Changes in New York State: Enacted 1995 Cuts and Proposed 2003 Cuts, which was presented at the briefing in Albany by Michael Ettlinger of the Institute on Taxation and Economic Policy.

  • The 1999-2000 Executive Budget turns a blind eye to the major challenges and opportunities facing New York State, failing to even recognize them
(read more)