The front-running candidate for New York City mayor, Zohran Mamdani, has said he can finance his costly campaign promises – including free buses and universal child care – by taxing only a sliver of the city's resi Read More
Tag: Personal Income Tax
The likely impact of federal health-care cutbacks has diminished in recent days as House Republican leaders backed away from some of their bigger-ticket proposals, reducing the estimated savings to $625 billion from previous figures of $715 billion a Read More
New York’s latest tax collection data indicate New York’s just-passed state budget was based on rosy assumptions about income tax receipts that are not materializing. 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
This paper describes seven core objectives and offers specific policy recommendations toward their accomplishment. It’s by no means an exhaustive list, rather a good place to start work towards an Altered State with a growing economy, a more efficient public sector and new opportunities for an engaged and informed citizenry. Read More
Stronger than expected tax payments this spring led the Governor’s Division of the Budget (DOB) to increase its personal income tax (PIT) revenue projections for the next four years by $8.5 billion above its Apr Read More