Tag: Taxes and Spending

Even if the Legislature doesn't add to Governor George Pataki's budget proposal, the state spending increase during his final term will be the largest since Mario Cuomo's second term in the late 1980s, according to the Empire Center's overview of the 2006-07 Executive Budget. After adjusting for a shift of aid payments between the current fiscal year and the coming year, the Empire Center report estimates the governor's proposed state funds spending increase for fiscal 2006-07 comes to just over 7 percent, or two and a half times the projected inflation rate. Assuming this figure holds, the total State Funds budget increase since fiscal 2002-03 will be 28 percent, or double the inflation rate, the report says. Read More

New York State's 2006-07 Executive Budget would kick off a new round of personal income, business and estate tax reductions worth more than $3 billion annually when fully implemented over the next three years. But the cuts are coupled with more than $1 billion in proposed tax and fee increases that would take effect sooner. Read More

The following is the text of a letter to the editor published March 11 in the Schenectady Daily Gazette: New York State's failure to adjust its personal income tax structure for inflation has, indeed, increased the tax burden on m Read More

Your Feb. 28 editorial on the impact of California's celebrity-backed tax hikes ("Meathead Economics") certainly struck a chord with anyone monitoring the trends here in the Empire State. Read More

With its emphasis on reducing dependency and putting people to work, the historic federal welfare reform of 1996 produced spectacular results in New York and across the country. In the past decade, welfare caseloads across the Empire State have dropped 60 percent, and the child poverty rate in the state has decreased 20 percent. Read More

A healthy debate is now raging in Washington, D.C., over the use of congressional "earmarks" to spend pork barrel money out of federal budget appropriations. Conservatives and liberals alike agree that the practice is wasteful and should be eliminated or severely curtailed. Read More

Based on recent history, Albany's legislative leaders had reason to assume Gov. Pataki wouldn't put up much of a fight when they added billions of dollars to his already generous budget plan for the 2006-07 fiscal year. Read More

State legislators will return to the Capitol this week to confront the more than 200 budget vetoes handed down by Gov. George Pataki before their Passover-Easter recess. Read More