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Spend Now, Cut Taxes Later

January 17, 2006

Governor George Pataki's final Executive Budget would increase state spending at well over twice the inflation rate while initiating a new round of significant state tax cuts that would not become fully effective until two years after he leaves office.

The proposed state funds spending hike (excluding federal funds) for fiscal 2007 is the second largest Pataki has proposed in his 12 years as governor. Even excluding added spending for the state takeover of local Medicaid costs and an added STAR property tax break, state funds spending will rise faster than the projected Consumer Price Index, as explained in a new FiscalWatch Memo here.

>> Op-Eds & Articles

Tax Hike May Cause Capital to Take a HikeThis is a link to an External Website
New York Sun April 16, 2008
Start BlazingThis is a link to an External Website
New York Sun March 18, 2008
After the Spitzer StormThis is a link to an External Website
Wall Street Journal March 15, 2008
Paterson's Challenges: Economic WoesThis is a link to an External Website
New York Post March 13, 2008
Eliot's Excellent IdeaThis is a link to an External Website
New York Post January 10, 2008

>> Testimony

E.J. McMahon Testimony: Real Property Taxation
Manhattan Institute for Policy Research April 17, 2007
E.J. McMahon Testimony: Joint Fiscal Committees of the New York State LegislatureThis is a link to an External Website
Manhattan Institute for Policy Research February 15, 2005
New York City Council Subcommittee on Forecasting and Revenue This is a link to an External Website
Manhattan Institute for Policy Research April 01, 2002

>> News & Commentary

Parsing the "Q-Poll" on Taxes
by E.J. McMahon March 24, 2008

>> Special Reports

Taylor Made: The Cost and Consequences of New York's Public-Sector Labor Laws
by Terry O'Neil and E.J. McMahon October 17, 2007
Defusing New York's Pension Bomb
By E.J. McMahon, Director, Empire Center for New York State Policy June 07, 2006
Taxing and Spending in the Empire State: Overview of the 2006-07 Executive Budget
By E.J. McMahon, Director, Empire Center for New York State Policy February 24, 2006

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