"A quick tribute to the Citizens Budget Commission....you're a great model of public policy institutions like this across the country; no more important time than today for this kind of work." Treasury Secretary Timothy F. Geithner
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.
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.
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.
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.
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.
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.
The State of New York faces a major challenge stemming from a 2003 ruling by the Court of Appeals, the State’s highest court, which found that the more than one million children in New York City’s public schools were not provided with the sound basic education guaranteed to them by the State Constitution. CBC addressed two fundamental questions: Where should the money come from?
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.
The State of New York faces a major challenge stemming from a 2003 ruling by the Court of Appeals, the State’s highest court, which found that the more than one million children in New York City’s public schools were not provided with the sound basic education guaranteed to them by the State Constitution.
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