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
Tag: Taxes and Spending
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
New York’s property tax levy cap makes it more important than ever for local governments and school districts to bring their long-term spending into line with long-term revenues. But most localities don’t issue budget forecasts that look further than a year ahead —making it it easier to put off tough decisions. Read More
If Bill de Blasio becomes New York City's first Democratic mayor in 20 years, the liberal politician would soon find himself immersed in labor talks that could saddle the city with a $7 billion bill for retroactive wage increases for municipal workers... Read More
Although median household income and per capita income between Allegany, Cattaraugus and Chautauqua counties are similar, the pay of their elected officials is not. According to the Empire Center's 2012-13 edition of "What They Make," the center's annual report on public payrolls, the counties are ranked third, fifth and fourth respectively for western New York counties. The three come behind Erie and Niagara counties. Read More