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.
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.
On Dec. 17, 2009, the Select Committee on Budget and Tax Reform held a public hearing in Manhattan on improving transparency, forecasting and flexibilty in New York State's budget process. The Select Committee heard oral testimony from eight experts on state budgeting issues and received written testimony from two others.
Below are links for the written testimony some experts submitted to the Select Committee for the public hearing. The Select Committee's staff will issue a report detailing key findings and conclusions from information gathered during the event.
Senator Liz Krueger (D-Manhattan) released today a comprehensive report by the Senate Select Committee on Budget and Tax Reform on New York State’s property tax exemption system and its impacts on taxpayers. The report, which is based on oral and written statements from the Select Committee's October 13 roundtable in Albany, explores why the Legislature has struggled with controlling the growth of these exemptions over the past three decades.
On Oct. 13, 2009, the Select Committee on Budget and Tax Reform held a roundtable in Albany on evaluating the needs for and costs of New York State's property tax exemptions. The Select Committee discussed this issue with 18 experts primarily representing local government, economic development and nonprofit organizations from around the state.
The Select Committee on Budget and Tax Reform on Thursday received a staff report on modernizing New York State's telecommunications taxes.
The report, which is based on oral and written statements from the Select Committee's August 12 roundtable, notes how New York State’s telecommunications tax system is long overdue for an upgrade. The last time it received a major overhaul was nearly 15 years ago — after an appellate court ruled that the state’s Utilities Tax discriminated against interstate and foreign commerce.