Business Tax

It's Time to End Empire Zones

Dec 02, 2008

The Economic Development Zone program has become a vehicle for giving tax breaks to a variety of corporations with no clear, consistent, verifiable justification for the public investment.

Letter to the State Legislature: Recommendations for FY 2009-2010 Budget

Feb 02, 2009

This letter by CBC President Carol Kellermann to the State Legislature suggests two strategic directions to guide budget policy in FY2009-2010 and offers a roadmap to help steer a course that avoids harmful tax increases and makes spending better serve New Yorkers by offering reforms in five key areas: Medicaid, school aid, correctional facilities, public employee benefits, and programs like ST

Overtaxing New York's Businesses

Jul 05, 2007

In this op-ed published in the New York Sun, CBC Research Director Charles Brecher examines the extraordinary number and variety of business taxes in New York City and their detrimental effect on the City's economic competitiveness.

A Simulation of Business Taxes in New York City and Other Locations

Jun 07, 2007

This report focuses on state and local business taxes in New York City, showing that those taxes are dramatically higher than comparable taxes for key competitors. Combined federal, state, and local taxes reduce the rate of return on new business investment in New York City significantly – about 36-50 percent, depending on location and industry.

Business Tax Burden in New York City

Jun 07, 2007

CBC releases a study of state and local business taxes in New York City that demonstrates that those taxes are dramatically higher than comparable taxes for key competitors.

Letter to Mayor Bloomberg on Executive Budget Recommendations

Mar 27, 2007

In response to the New York City's fiscal year 2008 Preliminary Budget, and in light of the City’s strong fiscal position, CBC releases a letter to Mayor Michael Bloomberg urging him to focus on the City's long-term priorities in his 2008 Executive Budget.

Recommendations to Executive Budget

Mar 27, 2007

CBC releases a letter to Mayor Michael Bloomberg analyzing New York City’s fiscal year 2008 Preliminary Budget and making recommendations for his Executive Budget. The recommendations concern steps to promote City’s economic competitiveness and long-term fiscal viability.

How Much Do Taxes Matter? A Citizens Budget Commission Panel Discussion

Dec 11, 2006

In this background paper prepared for a panel discussion "How Much Do Taxes Matter? New York City's Tax Burden and Economic Competitiveness," which was convened by CBC on December 11, 2006, Elizabeth Roistacher, professor of economics at CUNY Queens College, summarizes the econometric literature that tries to model the relationship between tax levels and economic growth.

Striking a Balance: Financing Education Reform in the Most Heavily Taxed State

Nov 01, 2006

Following up on its previous research on the issues surrounding the State Court’s decision in the Campaign for Fiscal Equity case, CBC hosted two expert panel discussions focusing on key issues in education finance reform. This brief recounts the proceedings from the second of those discussions, which took place on April 27, 2006.

Tax Revenue Options

Nov 29, 2004

CBC reviews revenue options to best pay for the Campaign for Fiscal Equity initiatives. CBC considers broadening the base of two taxes, sales and corporate income; raising rates on two existing statewide taxes, personal income and sales; and instituting a new statewide property tax.