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
Tag: Personal Income Tax
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