New York continued to impose one of nation's highest state and local tax burdens relative to income during fiscal 2012, according to data released today by the US Census Bureau.
Who could be against “smart schools”?
The unsurprising answer: not nearly enough New Yorkers to defeat Proposal 3 on yesterday’s statewide ballot, which authorizes $2 billion in state borrowing to finance local school district purchases of computers and other classroom technology; expand schools’ high-speed and wireless Internet capacity; install “high-tech security features”; and build new classrooms for pre-kindergarten programs.
The second of two Election Eve check-in-the-mailbox tax credit gimmicks concocted by state officials in Albany is unfolding this week.
Most New York State homeowners outside New York City have received or are about to receive a payment equivalent to roughly 2 percent of their 2014-15 school property taxes—which will average roughly $60 upstate to $150 in downstate suburbs. This is on top of the $350 tax credit sent recently to families that had at least one child under 17 as of 2012.
The Empire State recently has fallen behind the national average when it comes to adding new income millionaires.
Local government is a labor-intensive business, and employee compensation is the single biggest element of most municipal budgets. The 2013-14 edition of What They Make, the Empire Center's annual report on public payrolls, allows New York taxpayers to compare this key element of local government costs around the state...
New York State’s personal income tax (PIT) collections in April were a whopping $1.3 billion lower than in the same month last year, according to state Comptroller Thomas DiNapoli’s just-released monthly cash report.*
New York has earned a poor grade on yet another ranking of state tax climates — this one issued by the Small Business & Entrepreneurship (SBE) Council, a research and advocacy group based in Virginia...
The Tax Foundation, which ranked New York dead last on its latest annual State Business Tax Climate Index, today issued a highly complimentary analysis of the corporate tax reduction and reforms enacted as part of 2014-15 New York State budget...
New York State’s relative economic performance wasn’t so hot in the recent past — but its outlook for the future is worse, according to the just-released 7th Annual Rich States, Poor States report, an economic competitiveness index produced by the American Legislative Exchange Council (ALEC).
By midnight on April 15, more than 8.5 million personal income tax returns for 2013 will have been filed with the New York State Department of Taxation and Finance. Roughly one-third of those filers will owe nothing, and big chunk of total PIT receipts will come from a tiny fraction of high-income taxpayers.
New York ranks number-one in the Tax Foundation’s latest annual ranking of combined state and local tax burdens, released this morning. As of 2011, the combined per-capita tax burden on New Yorkers came to 12.6 percent of per-capita state income, the report said. The national average was 9.8 percent.
Over at SeeThroughNY, our team works really hard to post fresh data quickly and accurately — when it’s available, that is.