Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-16-2019, 10:30 PM
 
31,761 posts, read 26,716,490 times
Reputation: 24631

Advertisements

I'll say this again; neither Albany nor city hall know exactly how much revenue has declined, and won't until after April's tax deadline passes. Then and only then will state and local governments know what is in the kitty for coming fiscal year.
Reply With Quote Quick reply to this message

 
Old 02-17-2019, 07:34 PM
 
Location: NYC
5,196 posts, read 4,649,829 times
Reputation: 7942
If logistics and defense weren't issues, the blue states should join the EU while the red states should join Russia.
Reply With Quote Quick reply to this message
 
Old 02-20-2019, 04:37 PM
 
8,572 posts, read 8,501,561 times
Reputation: 4684
Quote:
Originally Posted by LGR_NYR View Post
Both groups are leaving.


Trust funds and retirees maybe. The others enjoy the business opps that NYC provides and ensure that a big chunk of their income isn't taxed by NYS/C.


Those who turned down Amazon because they are too dumb to understand that a tax credit is an OFFSET to income tax that is due, so there isn't $3B lying around should be sent the bill to fund all of their programs. Like paving the state with high speed rail so that we don't have to fly to Chicago.


There just aren't enough billionaires to tax to fund every scheme that someone devises.
Reply With Quote Quick reply to this message
 
Old 02-20-2019, 05:22 PM
 
1,031 posts, read 666,076 times
Reputation: 1118
A google search finds that in 2017- 2018 fiscal year NY State made the record of the highest tax and fees collections in its history. Look at the graph.

https://www.tax.ny.gov/research/stat...ollections.htm

If the annual revenues drop by 2B-3B, it’ll still be one of the highest collections ever.

Why all the gloom and doom?
Reply With Quote Quick reply to this message
 
Old 02-20-2019, 06:26 PM
 
31,761 posts, read 26,716,490 times
Reputation: 24631
Quote:
Originally Posted by speediestevie View Post
A google search finds that in 2017- 2018 fiscal year NY State made the record of the highest tax and fees collections in its history. Look at the graph.

https://www.tax.ny.gov/research/stat...ollections.htm

If the annual revenues drop by 2B-3B, it’ll still be one of the highest collections ever.

Why all the gloom and doom?

Do the sums; NYS collects a lot, but it also spends money like a sailor on leave.


https://ballotpedia.org/New_York_sta...t_and_finances




https://www.usgovernmentrevenue.com/...enue_pie_chart


https://www.newsday.com/news/region-...ine-1.26892647


State receives largest portion of revenue from income taxes; if those receipts decline there is less money in the kitty. This is important for a host of reasons but paramount to Cuomo is now that bleeding heart liberal progressive democrats control Albany they have a long wish list of social issues/programs they want done. Where is the money going to come from to fund all these liberal wet dreams?


The Mouth of Albany has had a GOP senate to play off against democrats in order to curb worse spending excesses; that is no longer true. With solid majorities in both houses his own party could simply over ride any veto of budget/spending and do what they want.


As this certainly is Cuomo's last time at the rodeo (Thank God!), he doesn't want to go out as the governor that left NYS in a fiscal mess. Well more so than it normal anyway. Plus being seen as a tax and spend liberal democrat hands GOP and other political enemies of AC a big stick to beat him with should the man attempt to run for national office.
Reply With Quote Quick reply to this message
 
Old 02-21-2019, 07:37 PM
 
15,803 posts, read 14,417,439 times
Reputation: 11861
I though of a scenario where the blue states would join Canada.

Quote:
Originally Posted by Adhom View Post
If logistics and defense weren't issues, the blue states should join the EU while the red states should join Russia.
Reply With Quote Quick reply to this message
 
Old 02-21-2019, 08:26 PM
 
Location: Earth
7,644 posts, read 6,446,972 times
Reputation: 5828
I think cuomo has ruined ny state


I think the state needs a fiscal conservative who cares about passenger rail
Reply With Quote Quick reply to this message
 
Old 02-21-2019, 08:52 PM
 
31,761 posts, read 26,716,490 times
Reputation: 24631
Quote:
Originally Posted by Dangerous-Boy View Post
I think cuomo has ruined ny state


I think the state needs a fiscal conservative who cares about passenger rail

Isn't Cuomo per se; he's just the rash that the disease long afflicting NYC finally broke out in.


New York long as been a liberal/democrat welfare state. Republicans have when possible to do their best, but overall for the past two or more decades trend is clear.
Reply With Quote Quick reply to this message
 
Old 02-21-2019, 08:57 PM
 
Location: Earth
7,644 posts, read 6,446,972 times
Reputation: 5828
Quote:
Originally Posted by BugsyPal View Post
Isn't Cuomo per se; he's just the rash that the disease long afflicting NYC finally broke out in.


New York long as been a liberal/democrat welfare state. Republicans have when possible to do their best, but overall for the past two or more decades trend is clear.

Well, the moderate republicans have all gone, the rest went insane and don't even care about fiscal conservatism or infrastructure, and think Putin is a good guy. DJT kicked out any moderates. But deblasio, AOC, and cuomo are downright communists. Bloomberg was so much better.


Maybe craziness is needed in a democracy to wake people up so they let the crazies take over.


need to focus on science
Reply With Quote Quick reply to this message
 
Old 02-22-2019, 07:16 AM
 
1,183 posts, read 703,464 times
Reputation: 3240
Quote:
Originally Posted by speediestevie View Post
A google search finds that in 2017- 2018 fiscal year NY State made the record of the highest tax and fees collections in its history. Look at the graph.

https://www.tax.ny.gov/research/stat...ollections.htm

If the annual revenues drop by 2B-3B, it’ll still be one of the highest collections ever.

Why all the gloom and doom?
Yea, because nothing else that the budget has to pay for went up in price, so what you are saying makes a lot of sense.


Were you AOC's math teacher?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City

All times are GMT -6. The time now is 06:43 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top