Quick link: A NYT piece analyzes the distribution of tax spending (both direct expenditures and “tax expenditures”, i.e. foregone revenue). The debate is around the federal budget, but certainly cities have similar dynamics, in particular in the distribution of revenue collection between residents and businesses, and in structuring the property tax. Read: A Nation With Too…
Tag: taxes
Cuomo’s Cap on Property Taxes Rankles Communities – NYTimes.com
A much-heralded cap on property taxes championed by Gov. Andrew M. Cuomo is encountering resistance as some communities across New York chafe at what amounts to a restriction on their spending and seek to exempt themselves from the new limits. This article ran back in October, but it highlights an issue that people don’t often…