This forum focused on why long-term financial planning is essential for local governments and school districts, and how such plans can and should be implemented for counties, municipalities and school districts. Read More
Tag: Local Government
Mayor Dayton King recently said he plans to propose a 2 percent property tax reduction when he presents the Common Council with his proposed 2014 city budget. The tax relief is long overdue. Read More
The Great Recession and its aftermath have brought obvious, ongoing strains to finances at every level of government. What we have been experiencing for the past five years is something new and unprecedented in the post-World War II era: a prolonged period of slow growth with pronounced disinflationary tendencies. Read More
New Yorkers pay some of the nation’s highest local taxes, but most of the state’s counties, municipalities and school districts do, at best, an inadequate job of sharing details on how taxpayer money is spent. Improved financial transparency would serve the public’s right to know. Read More
New York’s property tax levy cap makes it more important than ever for local governments and school districts to bring their long-term spending into line with long-term revenues. But most localities don’t issue budget forecasts that look further than a year ahead —making it it easier to put off tough decisions. Read More
Whatever the outcomes of Tuesday's primaries, most mayors who win a new term in cities across the state will face a similar big challenge - how to get their municipalities back on secure financial footing. The next political leaders of New York City, smaller cities upstate , and even large suburban counties like Nassau County, will all face a big test once they take office- how to solve mounting fiscal difficulties. EJ McMahon, with the Empire Center, a fiscally conservative think tank, says the recession, which began five years ago this week, has not caused the budget problems plaguing many of New York’s municipalities, but rather has worsened already existing structural weaknesses. Read More
From Gov. Andrew M. Cuomo to Senate Republicans to business groups, a drumbeat for election-year tax cuts is underway. Advocates urged state lawmakers Wednesday to reduce broad-based taxes for all New Yorkers next year instead of continuing a pattern of politically targeted tax cuts. Read More
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