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  • 14%

    Percent of benefits from rent regulation that goes to households with annual incomes of $100,000 or higher

Featured Report

Rent Regulation: Beyond the Rhetoric

Featured Video

Testimony for a Hearing of the Senate Select Committee on Budget and Tax Reform

Mar 13, 2009

This testimony by CBC Deputy Research Director Elizabeth Lynam emphasizes two key points about New York’s personal income tax and offers a framework for thinking about tax reform in the current fiscal context: 1) New York’s personal income tax is progressive, but its overall tax structure is not; and 2) New York’s economic competitiveness should be an important factor in consi

Letter to the Legislature on “10 Do’s And Don’t’s” for Spending the Federal Stimulus Funds

Feb 25, 2009

The federal government has committed an enormous sum—$787 billion over 27 months—to aid the economy. This letter from CBC President Carol Kellermann to the Legislature warns that the federal aid to New York is limited and temporary and addresses the challenge of using the federal money available for next year’s budget wisely, suggests 10 “do’s and don’ts” for using the federal funds and closing the budget gap while avoiding harmful cuts and tax increases, and highlights possible allocation of the funds.

CBC Urges New York State Legislature to Follow it's “10 Do’s And Don’t’s” for Spending the Federal Stimulus Funds

Feb 25, 2009

CBC released a letter that was sent to the New York State Legislature containing “10 Do’s and Don’ts” for spending the estimated $4.8 billion in federal stimulus funds allocated to New York State for use in budget relief in fiscal year 2009-10. The letter briefly outlines the 10 rules and cautions that the funds need to be wisely spent over the next two years.

Letter to the State Legislature Urging Empire Zone Reform

Feb 11, 2009

This letter to the State Legislature, written in conjunction with the NYS AFL-CIO, the Metropolitan Development Association of Syracuse and Central New York and the Partnership for New York City, is in support of Governor David Paterson's proposal to scale back the almost $600 million-a-year Empire Zone Program.

Testimony for a Joint Hearing on Property Taxes

Jun 03, 2008

CBC Deputy Research Director Elizabeth Lynam testifies to a Joint Hearing of the Senate Committee on Local Government and the Assembly Committee on Real Property Taxation. To fund more appropriate taxpayer relief mechanisms the Middle Class STAR program should be replaced with an improved circuit breaker. Redistributing these funds would serve the dual purpose of not adding to what is already a $5 billion budget gap next year while at the same time allowing for a good start directing help to the most severely strapped local taxpayers.

CBC Supports Recommendations of Local Property Tax Commission

Jun 02, 2008

CBC supports the recommendations of the Local Property Tax Relief Commission. Local property taxes in New York State are far too high, and the State needs to stop forcing costs onto local communities that can no longer afford them. High local taxes are in part driven by an undue burden placed on municipalities by the State.

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. Most of this is due to federal tax – typically 34-36 percentage points. Taxes in New York City were the highest in all industries in 2006, and were highest or second-highest under virtually all scenarios examined.

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.

CBC Urges New York State to Restrain Spending Growth and Redesign Proposed Tax Cuts in Upcoming State Budget

Feb 17, 2006

CBC releases its recommendations for improving Governor Pataki's proposed New York State budget for fiscal year 2006-07.

CBC Letter to State Legislators on State Budget Recommendations

Feb 16, 2006

CBC releases its recommendations for improving Governor Pataki's proposed New York State budget for fiscal year 2006-07.

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