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 considering changes to
This testimony by CBC President Carol Kellermann, written in response to New York City Mayor Michael Bloomberg’s modification to the fiscal year 2009 budget, urges the City Council to not vote to increase the property tax without simultaneously pursuing from the State Legislature reforms to make this tax more equitable and economically efficient.
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