Tax & Budget

Property Tax Relief: How Does a Circuit Breaker Work?

April 30, 2010. The New York State Property Tax Reform Coalition explains in plain language. Also see their circuit breaker calculator based on the Galef/Little reform bill. The  April 2010 issue of Land Lines, the Lincoln Institute of Land Policy's quarterly magazine, has a six-page article devoted to circuit breakers and how they work to relieve property tax burden, including a full page sidebar on "New York's Effort to Provide Targeted Tax Relief." Read the article - Property Tax Relief: The Case for Circuit Breakers >>

2025-04-04T14:27:35-04:00April 30th, 2010|Blog, City Budget, Tax & Budget|
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New York Has the Ways and Means: How and Why Wall Street Should Give Back to Main Street

April 19, 2010. This new report details how a temporary bonus tax and other Wall  Street measures could ease New York's budget crisis and fund property tax relief for the most burdened households. Sensible options for closing the state  budget gap meet three goals: Support rather than undermine the needs of New York families. Minimize the  negative impact of this year’s budget decisions on the fragile state economy. Require the New York financial industry - which bears responsibility for much  of the negative impact on [...]

2025-04-04T14:27:35-04:00April 19th, 2010|Press Releases, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Establishing a Fair, Adequate and Economically Sensible State-Local Tax System

April 7, 2010. This policy brief from FPI reviews specific revenue raising options that would  enable New York to close its budget gap while making the overall tax system  fairer and minimizing damage to the economy. The brief was released as the Better Choice Budget Campaign announced a statewide TV ad campaign to raise awareness of opportunities to raise revenues in ways that minimize damage to the state's fragile economy - including closing corporate tax loopholes and asking Wall Street to help bail out Main [...]

2025-04-04T14:27:36-04:00April 7th, 2010|Blog, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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The New York State Lottery: A Regressive Tax

March 29, 2010. Voluntary payments to the government are generally not thought of as taxes. But states have begun in the last 30 years to obtain significant revenue from lottery sales. Looking at induced lottery purchases as a tax, with very little direct or indirect benefit to the vast majority of purchasers, this analysis confirms conclusions in other studies that it is an extremely regressive tax. By FPI research associate Brent Kramer, published by Tax Analysts in State Tax Notes.

2024-12-18T12:28:53-05:00March 29th, 2010|Reports, Briefs and Presentations, Tax & Budget, Tax Policy|
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The Ravitch Plan

March 11, 2010. James Parrott, FPI's Deputy Director  and Chief Economist, was a guest on the Brian Lehrer Show today. He discussed Lieutenant Governor Richard Ravitch's plan to reform the New York  State budget process and to borrow money to help solve New York State's fiscal  problems. Listen >>

2025-04-04T14:27:37-04:00March 11th, 2010|Blog, State Budget, Tax & Budget, Tax Policy|
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Balancing the New York State Budget in an Economically Sensible Manner

March 10, 2010. New York State should balance its budget during the current economic downturn in ways that will not make economic conditions worse. The budget balancing strategies of the early 1990s should be avoided, while those of 2003 and 2009 demonstrate the benefits of more balanced approaches to budget balancing. The wisest policy choices are  those that will take the least amount of demand possible out of the state economy; this brief contains a number of specific options.

2025-04-04T14:27:37-04:00March 10th, 2010|Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Revenue-raising and cost-saving options

February 22, 2010. The Fiscal Policy Institute worked with the other members of the Better Choice Budget Campaign to develop a menu of revenue-raising and cost-saving options for consideration by the Governor and Legislature as they work to adopt a balanced budget for 2010-2011. The chart of options was distributed at a press conference today at which advocates urged the governor and legislature to make "better choices" to balance the state budget - calling for more federal aid, and for Wall Street to help Main Street. FPI, New Yorkers [...]

2025-04-04T14:27:37-04:00February 22nd, 2010|Blog, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Briefing on Mayor Bloomberg’s Preliminary FY 2011 New York City Budget

February 9, 2010. Despite Wall Street's rebound, unemployment and hardship are extremely high for most New Yorkers; at best, recovery will be very gradual. This briefing finds that the Mayor's proposed budget cuts and the state budget-related contingency cuts will worsen unemployment and hardship. To mitigate the harmful impact of the budget, increased federal fiscal aid is the highest priority, followed by progressive income tax increases - less harmful than budget cuts. Briefing >>

2025-04-04T14:27:37-04:00February 9th, 2010|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, State Budget, Tax & Budget, Tax Policy|
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Analyzing the Economy of a Large, Urban County: The Case of Kings County, New York

January 2010. An article by James Parrott that shows available data (in this case, for Brooklyn - Kings County) can be used to estimate the economic impact of the American Recovery and Reinvestment Act (ARRA) at the county level. Published in The Journal of County Administration, Parrott's article begins on page 3 of the issue; see also an introduction by the president of the Brooklyn Chamber of Commerce (p. 1) and an editorial touting such research (p. 10).

2024-12-18T12:28:54-05:00January 31st, 2010|Economic Outlook, Economic Trends & Policy, Reports, Briefs and Presentations, Tax & Budget|
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