Budget and Tax Reform

Budget and Tax Reform

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Committee Updates

Select Committee Releases Report on NYS's Sales Tax

(Albany, NY) – Today, the New York State Senate Select Committee on Budget and Tax Reform released a staff report detailing how the State’s sales tax is failing to keep pace with economic and technological trends.

The sales tax, which then-Governor Nelson A. Rockefeller passed in 1965 to provided added aid to municipalities and schools, is being impacted by economic, technological and political trends. These trends — examined in the report — include:

· the shift from an industrial-based economy to a service-based economy;

· rampant growth in sales tax exemptions and credits;

· uncollected sales tax revenues because of mail order and Internet sales.

File: 
SalesTax Report

September 2, 2010
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Video: Select Committee public roundtable on the future of the sales tax

On June 9, 2010, the Select Committee on Budget and Tax Reform held a public roundtable in Albany to examine ways to enhance New York State's fiscal stability of the sales tax through a more rational and streamlined sales tax system.

June 10, 2010
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Testimony from June 9, 2010 roundtable on sales taxes

On June 9, 2010, the Select Committee on Budget and Tax Reform held a public roundtable to discuss the future of the sales tax. At the roundtable, the Select Committee heard testimony from eleven tax policy and industry experts from across the country.

Below are links for the written testimony some experts submitted to the Select Committee for the roundtable. The Select Committee's staff will issue a report detailing key findings and conclusions from information gathered during the event.

June 9, 2010
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Public Hearing: Select Committee Sales Tax Roundtable

NOTICE OF PUBLIC ROUNDTABLEALBANY

Subject: Enhancing New York State’s fiscal stability through a more rational and streamlined sales tax system.

June 9, 9:30 AM - 12:30 PM
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Senator Krueger Announces Reforms To Fix NY's Broken Budget Process

For Immediate Release: April 7, 2010Katie Kincaid | Kincaid.nysenate@gmail.com | 646-784-0485  

Two-year, GAAP & Performance Based Budgeting, June 1 Fiscal YearKey Reforms to End Albany’s Decades of Fiscal Dysfunction  

(Albany, NY) State Senator Liz Krueger today unveiled comprehensive reforms to fix the State’s broken budget process and give New Yorkers a fiscally responsible budget.  For decades, Albany ignored the need for wholesale changes to the budget process, instead opting for quick fix gimmicks and government by guesswork. Within their first term in the Majority, Senate Democrats created a 7-point legislative package, sponsored by Senator Liz Krueger (D-Manhattan) which provides for long-term financial planning, the enactment of stricter accounting principles, and mandates stringent standards of accountability for State-financed programs and services.  

April 7, 2010
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Select Committee Releases Report on Changing New York's Fiscal Year

SENATOR KRUEGER UNVEILS REFORM PACKAGE TO COUNTERBALANCE NEW YORK’S STRUCTURAL BUDGET DEFICIT 

Select Committee on Budget and Tax Reform report identifies June 1 as a superior fiscal year start date for New York State

(Albany, NY) Senator Liz Krueger (D-Manhattan) released today a comprehensive package of legislation designed to install into New York State’s budget process the discipline and forward thinking that have long been absent from its fiscal planning process.

File: 
Fiscal Year White Paper

April 7, 2010
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Media Advisory: Senator Krueger to Unveil budget Reform package

For Immediate Release

 Katie Kincaid | kincaid.nysenate@gmail.com | 646-784-0485

**PRESS ADVISORY**

SENATOR LIZ KRUEGER ANNOUNCES REFORMS TO FIX NY’S BROKEN BUDGET PROCESS

(Albany, NY) New York State Senator Liz Krueger, Chair of the Select Committee on Budget & Tax Reform, will announce long overdue structural changes to the State Budget process on Wednesday, the 7th. She will be joined by Senate Majority Leader John L. Sampson and government reform organizations including Citizens Union and New Yorkers for Fiscal Fairness, among others.

April 6, 2010
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Select Committee Releases 2009 Annual Report

The Select Committee on Budget and Tax Reform has released a 2009 Annual Report, which highlights the activities of the committee during its first year of operation.

By the beginning of 2009, it became evident that New York tax policy needed a thorough review.  The ad hoc changes to the state’s revenue system have created a tax structure that is not linked to current policy goals. The tax system is riddled with loopholes and tax expenditures that need to be re-evaluated to determine whether they serve a public purpose.

File: 
2009 Anual Report

March 19, 2010
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Senator Krueger Releases Report Showing New York State Budget Process Needs a Dose of Reality

For Immediate Release: Friday, February 25th, 2010 Contact: Kyle Sklerov (w) 212.490.9535 (f) 212.490.2151 (c) 914.772.1589

**MEDIA ADVISORY**

SENATOR KRUEGER RELEASES REPORT SHOWING NEW YORK STATE BUDGET PROCESS NEEDS A DOSE OF REALITY

February 25, 2010
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June 1 start to N.Y. fiscal year urged

By CARA MATTHEWSThere is a push from some lawmakers to change the state's fiscal year from April 1 to June 1.Liz Krueger, D-Manhattan, chairperson of the Senate Select Committee on Budget and Tax Reform, says the change would make a big difference. Having a fiscal year that begins before the April 15 filing deadline for income-tax returns means the governor and lawmakers put together the budget without the most complete information on state revenues, she said.

January 30, 2010
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