Two dozen communities in New York have been designated as fiscally stressed under State Comptroller Thomas P. DiNapoli’s new Fiscal Stress Monitoring System. The list includes eight counties, three cities and 13 towns.
The Fiscal Stress Monitoring System and resulting fiscal stress designations rely on data (as of 5/31/2013) from annual financial reports submitted by local governments to the Office of the State Comptroller. This list (sorted in order of fiscal stress score) includes only municipalities with fiscal years ending on 12/31/2012. All towns and counties, 44 cities and 10 villages have a 12/31 fiscal year end.
Showing posts with label fiscal. Show all posts
Showing posts with label fiscal. Show all posts
Monday, June 24, 2013
Wednesday, December 5, 2012
Fiscal Cliff Impact
From the Tax Foundation:
This calculator allows you to compare your federal tax burden under two scenarios - what you paid when you filed this year (2011 tax law), and what you'll pay in 2013 assuming the country goes over the "Fiscal Cliff" - that is, all Bush-era and Obama tax cuts expire, the payroll tax holiday expires, and AMT is not patched.
This calculator allows you to compare your federal tax burden under two scenarios - what you paid when you filed this year (2011 tax law), and what you'll pay in 2013 assuming the country goes over the "Fiscal Cliff" - that is, all Bush-era and Obama tax cuts expire, the payroll tax holiday expires, and AMT is not patched.
Monday, November 5, 2012
Fiscal Policy Report Card on America's Governors: 2012
From the conservative-leaning Cato Institute, written by Chris Edwards, October 9, 2012 (White Paper).
"The recovery from the recent recession has been very sluggish, and the nation's governors have struggled with the resulting budget deficits, unemployment, and other economic problems in their states. Many reform-minded governors elected in 2010 have championed tax reforms and spending restraint to get their states back on track. Other governors have expanded government with old-fashioned tax-and-spend policies.
"That is the backdrop to this year's 11th biennial fiscal report card on the governors, which examines state budget actions since 2010. It uses statistical data to grade the governors on their taxing and spending records—governors who have cut taxes and spending the most receive the highest grades, while those who have increased taxes and spending the most receive the lowest grades."
"The recovery from the recent recession has been very sluggish, and the nation's governors have struggled with the resulting budget deficits, unemployment, and other economic problems in their states. Many reform-minded governors elected in 2010 have championed tax reforms and spending restraint to get their states back on track. Other governors have expanded government with old-fashioned tax-and-spend policies.
"That is the backdrop to this year's 11th biennial fiscal report card on the governors, which examines state budget actions since 2010. It uses statistical data to grade the governors on their taxing and spending records—governors who have cut taxes and spending the most receive the highest grades, while those who have increased taxes and spending the most receive the lowest grades."
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