What if you could get coverage that was nearly free after you retire? If you're a public employee in New York you can. But right now, experts warn it could be too much for taxpayers to bear. It’s an issue we’re uncovering in tonight’s New York State Exposed report. Read More
Bill de Blasio seems poised to waltz into Gracie Mansion largely on the strength of his proposal for a soak-the-rich income tax hike. But the tax increase would need approval in Albany, where Gov. Andrew Cuomo wants to position himself as a moderate tax-cutter for his 2014 re-election bid. So the governor is doing his best to discourage de Blasio, warning that a city tax increase would prompt wealthy New Yorkers to flee to Florida. Read More
New York's State Legislature spent over $102 million during the six-month period ending last March, according to the latest legislative expenditure data posted at SeeThroughNY. The expenditure information, which goes back to 2007, can be sorted by reporting period, expenditure type, and member name. Users can also isolate spending for individual units of the Legislature's central staff. Read More
Mayor Dayton King recently said he plans to propose a 2 percent property tax reduction when he presents the Common Council with his proposed 2014 city budget. The tax relief is long overdue. Read More
There’s an obvious irony — not to mention an obvious political motive — in Gov. Andrew Cuomo’s choice of his Republican predecessor, former Gov. George Pataki, to co-chair a Tax Relief Commission that’s supposed to recommend tax cuts for next year’s state budget. Read More
No city in America can match New York’s broad array of taxes—more typical of a state than of a municipal government. Most New York City residents and businesses are subject to combined state and local tax rates far exceeding national norms. Such high taxes are a headwind against economic growth: they add to overhead, cut into profits, and make it costlier to employ people. Read More
This committee has chosen an opportune moment to review New York’s state tax code and consider reform options. Wall Street, the state’s cash cow for 20 years, is now retrenching. And in an era of slower economic growth, many businesses will be less willing to shoulder costs they can avoid by moving elsewhere. Needless to say, by various measures, most states can offer a lower-cost environment than New York. Read More
New Yorkers pay some of the nation’s highest local taxes, but most of the state’s counties, municipalities and school districts do, at best, an inadequate job of sharing details on how taxpayer money is spent. Improved financial transparency would serve the public’s right to know. Read More