The Paterson Administration is backing off on plans to (finally) start collecting taxes on cigarettes sold by American Indian retailers, the Buffalo News . This will add $65 million in red ink to The decision drew immediate Read More
Tag: Taxes and Spending
My in today's New York Post is about the fiscal folly (economics aside) of trying to balance the state budget with higher taxes on a relatively small number of affluent New Yorkers whose incomes and portfolios have dropped sharply in the re Read More
The net flow of funds from New York State to Washington was a famous obsession of the late , who collaborated on an (nicknamed "The Fisc") to track the numbers. Today, the federal government issued its annual accounting of one side of that ledge Read More
Today's from state Comptroller Tom DiNapoli says first quarter tax collections were $487 million below projections, in line with the trend reflected in Taxation and Finance data . DiNapoli's chose to focus on the bright side, noting that gene Read More
Don't look now, but there's a nasty pool of red ink spreading beneath the state's budget. If are any indication of things to come, Governor Paterson and the state Legislature need to start cutting right away. Read More
New York experienced one of the biggest declines in tax revenues of any state during the first quarter of 2009, when the overall plunge in state tax collections was the worst on record, according to from the . Read More
New York's state tax base would take another huge hit under over the next 10 years. Our on the tax plans of the presidential candidates explained that changes in federal tax rates have a direct impact on the income tax revenues of New York State Read More
While it began under bizarre circumstances, the current (apparent, informal) 31-31 deadlock over who should control the New York State Senate is not unprecedented. Elsewhere around the country, there have been 38 other instances since 1966--includi Read More