The state Legislature approved the last of nine budget bills Thursday evening, 38 days after the start of the fiscal year. Here are some highlights of the fiscal impact of final spending plan: Top lines Read More
Tag: Income tax
Just in time for tax season, New York State's tax agency just lost a major legal challenge to its policy of pursuing maximum income tax payments from wealthy vacation homeowners—even when they live elsewhere. Read More
Average daily office occupancy in New York City has bounced back from 2020-21 lows, but by most accounts remains well below pre-pandemic norms. Read More
With inflation rampaging, the seven-percent increase in key federal tax code thresholds is the biggest one-year hike since key aspects of the IRS code were indexed to inflation. Read More
Gov. Kathy Hochul, who hasn’t proven shy about issuing orders, had one for the state’s Republicans this week Read More
New York was a net loser of income tax filers to other states even in the five years leading up to the pandemic disruption of 2020 Read More
Governor Hochul’s executive budget risks accelerating the trend of high-earning New Yorkers fleeing the state. Read More
Presented to the Joint Legislative Fiscal Committees February 16, 2022 Governor Hochul’s budget plan is buoyed by a revenue surge attributable Read More