The Tax Foundation is out with a new report today, which found that nationally the combined state and local tax burden... Read More
Tag: Taxes and Spending
New York State United Teachers (NYSUT) has produced a new TV commercial blaming proposed state budget cuts on "tax breaks for millionaires." In fact, the proposed 2011-12 state budget includes $3.8 billion in projected revenue from the third and final year... Read More
Add the Bethlehem Central School District to the small, but growing, list of public entities taking action to bring spending in line with economic reality. Officials of the Albany area school district that they had implemented a voluntary sala Read More
From the "Economic and Revenue Outlook" volume of the 2011-12 Executive Budget, here's the table showing the distribution of state personal income tax liability and adjusted gross income. Read More
Today's NY1/YNN-Marist Poll of New York voter attitudes on state budget issues may set a new benchmark for complete disregard of a key policy detail, resulting in at least one finding that is essentially worthless. Here's how the Marist pollsters framed the question... Read More
Don't look now, but the feds are dropping more cash from helicopters -- and the Empire State is already grabbing a big handful. HHS Secretary Kathleen Sibelius announced yesterday that 2,000 employers throughout the country had applied for a piece... Read More
Noting a reported increase in wealthy households in the New York City metropolitan area, Robert Frank of the Wall Street Journal is mystified that "New York still has huge budget problems given the wealth surge in 2009 and much-publicized tax burden... Read More
Governor Paterson has sent the Legislature a chapter amendment that would delete a proposed new hedge fund tax from the state's pending 2010-11 revenue bill. By approving the chapter amendment, which is expected to happen today, the state Assembly... Read More