Sentences with phrase «city income tax revenues»

NEW YORK (CBSNewYork)-- The New York State Comptroller said he expects profits in the securities industry to go up and city income tax revenues to go down this year.

Bonuses being paid more in stock options than in cash translates to bad news for New York City income tax revenues, DiNapoli added.

Not exact matches

FORD: «I live in a city where the top generator of income and tax revenue is financial services.

The property tax accounts for about 40 percent of the city's revenue each year, twice as much as the personal income tax (about 20 percent) or sales tax (roughly 14 percent).

The city, benefiting from an economy that boosted sales and income tax collections 15 percent since fiscal 2014, on Tuesday is selling $ 1 billion of bonds backed by that revenue to pay for capital projects.

He said he received positive feedback on his plan for a progressive city income tax to raise revenue.

Seattle's wealthiest will become the only Washington state residents to pay an income tax under legislation unanimously approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the wealthy pay their fair share.

The city is seeing slower growth in its revenue from personal income tax and taxes on real estate transactions, though it's been offset by strong property tax receipts.

Instead, he asked them to consider his solutions to city problems, which include creating a progressive income tax in the city to generate enough revenue to avoid insolvency.

«It would have meant more than $ 35 million dollars in income tax revenue every year for New York City, more than $ 82 million for New York State,» Agarwal said.

The city estimated only modest increases in tax revenue, because of lower revenue from income taxes and real estate sales taxes, offset by a rise in property tax receipts.

In total, the city has raised its revenue forecasts by $ 5.1 billion through FY 2017, largely because real estate values and sales activity are increasing faster than had been expected and personal income tax collections have been strong.

«On the other hand, it should be noted that New York City is the primary source of surplus state revenues — largely generated by the income tax on high earners (the so - called «millionaires» tax»)- but New York City residents do not directly benefit from the commission's proposed use of $ 1 billion of this surplus for property tax reductions for suburban and upstate New Yorkers.

Another long - shot challenger, Green Party candidate Kevin Bott, suggests a different approach: Institute a progressive city income tax to raise more revenue, and demand that state leaders share a bigger cut of New York's income tax receipts with Syracuse and other cities.

Currently, city taxpayers claim the credit on their New York City income tax forms, and the state reimburses the city for the lost revecity taxpayers claim the credit on their New York City income tax forms, and the state reimburses the city for the lost reveCity income tax forms, and the state reimburses the city for the lost revecity for the lost revenue.

For example, in 2006 alone the Port of Baltimore generated more than 50,200 jobs, $ 3.6 billion in personal income, $ 1.9 billion in business revenues, and $ 388 million in state, county, and municipal tax.58 The New York City Panel on Climate Change highlighted a broader range of climate impacts on infrastructure sectors (see Table 16.1).11 Although this study focused specifically on New York City, these impacts are applicable throughout the region.

Professional Experience CMG Worldwide Inc. (City, ST) 5/2008 — Present Finance Manager • Oversaw finances of intellectual property law firm generating $ 6 - $ 12 million in annual revenue • Hired, trained, supervised, and reviewed junior accounting associates and support staff • Authored and implemented corporate and departmental budgets • Analyzed expenses and recommended strategies to cut costs while increasing efficiency • Tracked and managed expenditures of approximately $ 100,000 per week • Verified accuracy of all expenses and revenues ensuring precise financial records • Prepared income statements, balance sheets, and monthly, quarterly, and yearly financial reports • Assisted senior leadership and outside personnel with the annual corporate audit • Operated and maintained the computerized accounting system and all hard files • Monitored and documented employee expense accounts, credit cards, and purchase orders • Managed general ledger and various credit, checking, stock, and other corporate accounts • Created monthly clientele reports detailing expenses and revenues from each account • Proficient in Microsoft Money, Quicken, QuickBooks, Tax Cut, Turbo Tax, and other software

For the study, HousingWire evaluated 2012 data by the District of Columbia's Office of Revenue Analysis, including estimated property taxes, sales taxes, and state income taxes on major cities in all 50 states.