Liz Krueger's posts related to Taxes

Select Committee video of public hearing on personal income tax reform

The Select Committee on Budget and Tax Reform hears testimony examining concerns over fairness and volatility in New York State's personal income tax system. The public hearing, which explored progressive changes to the personal income tax system, was held on March 12 in Albany.

Select Committee video of public hearing on business tax reform

The Select Committee on Budget and Tax Reform hears testimony at a Rochester public hearing, where experts weighted the fairness of New York State's Corporate Franchise Tax and the effectiveness of its tax expenditures in spurring economic growth. The event was held on April 30th.

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

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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

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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.

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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

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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.  

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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.

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

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