Tag: Albany

If you read my prior posts, you know that in Fiscal Year (FY) 2004 New York City residents paid an estimated $149.19 for every $1,000 of their personal income in state and local taxes, either directly or through the businesses they work in or patronize, and that the residents of the rest of New York State (the part outside New York City) paid $128.03.  This compares with a national average of $104.09.  And, you know that nearly the entire difference was accounted for by higher local taxes, since New York’s state taxes, at $62.12 per $1,000 of personal income, were just slightly higher than the national average of $60.83 per $1,000 (and New York State income tax payments by residents of Connecticut and New Jersey in part offsets that difference).  This is an overview of where that additional money goes.

If you read my prior posts, you know that in Fiscal Year (FY) 2004 New York City residents paid an estimated $149.19 for every $1,000 of their personal income in state and local taxes, either directly or through the businesses they work in or patronize, and that the residents of the rest of New York State (the part outside New York City) paid $128.03.  This compares with a national average of $104.09.  And, you know that nearly the entire difference was accounted for by higher local taxes, since New York’s state taxes, at $62.12 per $1,000 of personal income, were just slightly higher than the national average of $60.83 per $1,000 (and New York State income tax payments by residents of Connecticut and New Jersey in part offsets that difference).  This is an overview of where that additional money goes.

If you read my prior posts, you know that in Fiscal Year (FY) 2004 New York City residents paid an estimated $149.19 for every $1,000 of their personal income in state and local taxes, either directly or through the businesses they work in or patronize, and that the residents of the rest of New York State (the part outside New York City) paid $128.03.  This compares with a national average of $104.09.  And, you know that nearly the entire difference was accounted for by higher local taxes, since New York’s state taxes, at $62.12 per $1,000 of personal income, were just slightly higher than the national average of $60.83 per $1,000 (and New York State income tax payments by residents of Connecticut and New Jersey in part offsets that difference).  This is an overview of where that additional money goes.

If you read my prior posts, you know that in Fiscal Year (FY) 2004 New York City residents paid an estimated $149.19 for every $1,000 of their personal income in state and local taxes, either directly or through the businesses they work in or patronize, and that the residents of the rest of New York State (the part outside New York City) paid $128.03.  This compares with a national average of $104.09.  And, you know that nearly the entire difference was accounted for by higher local taxes, since New York’s state taxes, at $62.12 per $1,000 of personal income, were just slightly higher than the national average of $60.83 per $1,000 (and New York State income tax payments by residents of Connecticut and New Jersey in part offsets that difference).  This is an overview of where that additional money goes.

Today was supposed to be a good day.  It’s the kids’ last day of school, a half day, and I took the day off to enjoy it with them.  But I just looked at the New York Times online, and saw a nightmare.

By accident, as a result of the failure of the "big three" to agree how to divide the spoils, this budget was going to be the least bad of the Pataki Administration.  There was no additional state aid to allow over-funded school districts in the rest of the state to spend even more, and pass the check to the city’s children and taxpayers.  There was a reduction in the spending increase for New York City’s greedy, Medicaid-financed health care providers.  There was even a few capital nickels for New York City’s ripped off children.  But according to the Times it won’t happen that way.

Today was supposed to be a good day.  It’s the kids’ last day of school, a half day, and I took the day off to enjoy it with them.  But I just looked at the New York Times online, and saw a nightmare.

By accident, as a result of the failure of the "big three" to agree how to divide the spoils, this budget was going to be the least bad of the Pataki Administration.  There was no additional state aid to allow over-funded school districts in the rest of the state to spend even more, and pass the check to the city’s children and taxpayers.  There was a reduction in the spending increase for New York City’s greedy, Medicaid-financed health care providers.  There was even a few capital nickels for New York City’s ripped off children.  But according to the Times it won’t happen that way.

Today was supposed to be a good day.  It’s the kids’ last day of school, a half day, and I took the day off to enjoy it with them.  But I just looked at the New York Times online, and saw a nightmare.

By accident, as a result of the failure of the "big three" to agree how to divide the spoils, this budget was going to be the least bad of the Pataki Administration.  There was no additional state aid to allow over-funded school districts in the rest of the state to spend even more, and pass the check to the city’s children and taxpayers.  There was a reduction in the spending increase for New York City’s greedy, Medicaid-financed health care providers.  There was even a few capital nickels for New York City’s ripped off children.  But according to the Times it won’t happen that way.

Today was supposed to be a good day.  It’s the kids’ last day of school, a half day, and I took the day off to enjoy it with them.  But I just looked at the New York Times online, and saw a nightmare.

By accident, as a result of the failure of the "big three" to agree how to divide the spoils, this budget was going to be the least bad of the Pataki Administration.  There was no additional state aid to allow over-funded school districts in the rest of the state to spend even more, and pass the check to the city’s children and taxpayers.  There was a reduction in the spending increase for New York City’s greedy, Medicaid-financed health care providers.  There was even a few capital nickels for New York City’s ripped off children.  But according to the Times it won’t happen that way.

One of the tricks, or possibility of playing a trick (which I would never do), in the presentation of social and economic data is adjusting it – for population, income, inflation, and other conditions – so it is truly comparable and meaningful across geography and time.

With the May 31 release of fiscal 2004 state and local finance data from the U.S. Census Bureau, you may have heard that New York’s state and local taxes are still the highest per capita in the country.  The per capita measure doesn’t take into account the higher overall wages and costs in downstate New York, which both limits the pain of higher taxes and requires them to purchase public services of equivalent scope and quality.  Thus I have always used the Bureau’s other measure,  revenues and expenditures as a share of the income of area residents, as the more fair and accurate metric.  No matter:  New York is still number one among states, and by some margin, and New York City is much higher than the rest of the state.

One of the tricks, or possibility of playing a trick (which I would never do), in the presentation of social and economic data is adjusting it – for population, income, inflation, and other conditions – so it is truly comparable and meaningful across geography and time.

With the May 31 release of fiscal 2004 state and local finance data from the U.S. Census Bureau, you may have heard that New York’s state and local taxes are still the highest per capita in the country.  The per capita measure doesn’t take into account the higher overall wages and costs in downstate New York, which both limits the pain of higher taxes and requires them to purchase public services of equivalent scope and quality.  Thus I have always used the Bureau’s other measure,  revenues and expenditures as a share of the income of area residents, as the more fair and accurate metric.  No matter:  New York is still number one among states, and by some margin, and New York City is much higher than the rest of the state.