NYS lawmakers are third highest paid in the country and now they want a raise? So how much do they make? Read More
Tag: New York State
By midnight on April 15, more than 8.5 million personal income tax returns for 2013 will have been filed with the New York State Department of Taxation and Finance. Roughly one-third of those filers will owe nothing, and big chunk of total PIT receipts will come from a tiny fraction of high-income taxpayers. Read More
In line with New York’s motto — “Excelsior” — the state assumes its tax receipts are headed ever upward. Late last week, Governor Cuomo and legislative leaders announced they had agreed to a consensus forecast adding $200 million to the combined receipts... Read More
Assembly Speaker Sheldon Silver may seek a pay hike for members of the New York State Legislature before the year is out, today’s New York Post reports. New York part-time lawmakers now make a base salary of $79,500 a year, plus $171 for every day in Albany and added stipends for leadership positions and committee chairmanships. Read More
A big wheel at Deutsche Bank, chief risk officer and board member Hugo Bänziger, has some portentous thoughts about banking (and therefore, about New York City and State finances) in today’s FT... Read More
Senate Republicans have issued a preliminary report laying out a series of state tax reform options and recommendations while also calling for a 2 percent cap on state spending to generate a “freedom fund” to pay for further tax reductions. Read More
Senate Republicans today unveiled some new proposed personal income tax (PIT) adjustments that would generate savings for middle-class families.* For a couple with income of $70,000 and two children under 17, the potential annual tax cut from the proposed Family Tax Relief Act would appear to come to roughly $700... Read More
The ink was barely dry on Governor Andrew Cuomo’s local government “restructuring” bill yesterday when the governor made two more concessions to unions on the issue of binding arbitration. Read More