From the folks who brought you New York's "millionaire tax," it's ... another millionaire tax. And a stock transfer tax. And a 50 percent Is this a great state, or what? Read More
Tag: New York State
"Changes in the timing and structure of financial services sector compensation, which have resulted in lower than expected personal income tax [PIT] revenues" led to a $1 billion state PIT shortfall in January, which in turn has helped add $750 milli Read More
Nicole dissects Mayor Bloomberg's preliminary 2011 budget in . Her key point: while news coverage of what the Times as a "grim budget" has concentrated heavily on the mayor's proposed cuts, Bloomberg actually is relying much more heavil Read More
Today, a panel of arbitrators ruled against Ground Zero developer Larry Silverstein in many respects on his longstanding dispute with the Port Authority, which owns the land. But the arbitrators also handed Silverstein a big victory -- one Read More
Governor Paterson's includes a helpful table summarizing the sources of state spending growth over the past 10 years. The numbers highlight the favored status of education during a period that saw one of the greatest spending run-ups in New York's Read More
Last week, about Governor Paterson's somewhat puzzling implying (seemingly) that his 2011-12 budget would result in a $1 billion surplus that he would use to finance a property tax circuit breaker. "If the governor is saying that the four-year fi Read More
Producers of films made principally in New York will receive another $420 million a year in state tax subsidies under Gov. Paterson's 2010-11 Executive Budget. The proposed allocation of $2.1 billion for the film production credit over the next fiv Read More
A news release from Governor David Paterson he is proposing "significant spending reductions" in the he is releasing today. If only it were true. The net budget "reductions" sought by the governor consist largely of cuts in projected baselin Read More