Back on Track: Why Progressive Tax Reform Is an Essential Part of New York’s Budget Solution
March 22, 2009. New York faces one of the largest budget deficits in the country for the coming year at $14.2 billion. The State's 2009-2010 fiscal year begins April 1, 2009. Two responses to addressing the crisis have dominated the policy debate. Both acknowledge the detrimental impact Wall Street revenue declines have had on the State's fiscal condition. But in other ways they diverge significantly. In the context of a deepening recession, which is the most sensible path to take? Press release (also below) Executive [...]