Sentences with phrase «driving high local taxes»

The purpose here is not to stigmatize, but to raise questions — and promote informed public discussion of the forces driving high local taxes in every corner of New York.

Not exact matches

The bump may be temporary, though, driven in part by the passage of the Tax Cuts and Jobs Act (TCJA) in December, which motivated some residents of high - tax states to prepay their taxes in 2017 in order to take advantage of the state and local tax deduction that's capped at $ 10,000 starting in 20Tax Cuts and Jobs Act (TCJA) in December, which motivated some residents of high - tax states to prepay their taxes in 2017 in order to take advantage of the state and local tax deduction that's capped at $ 10,000 starting in 20tax states to prepay their taxes in 2017 in order to take advantage of the state and local tax deduction that's capped at $ 10,000 starting in 20tax deduction that's capped at $ 10,000 starting in 2018.

It also drives up real estate prices, widens wealth - gaps, reduces high - tech investment, increases state and local tax burdens, hurts kids» schools and college education, pushes Americans away from high - tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.

By restoring state revenue sharing to former levels to pay for unfunded state mandates, which are driving many cities, towns, and counties toward bankruptcy, New York's local governments could fully fund their services and still cut their highest - in - the - nation property taxes.

«His general approach is to scapegoat localities for high local property taxes, which are in fact principally driven by schools and Medicaid,» McMahon said.

A new report from Effective NY is the latest call for the state to assume the local share of Medicaid, which municipal officials have long blamed for driving property taxes ever higher.

Budget experts disagree with Cuomo's link of high property taxes to the number of local governments and taxing districts, saying much of the cost is driven by state - sponsored mandates.

The comptroller said the tax plans also could result in higher costs for municipal bonds, which would drive up state and local expenses for infrastructure investments.

The Comptroller says the tax plans could also result in higher costs for municipal bonds, which would drive up state and local expenses for infrastructure investments.

Mr. Reed said that in their call, Mr. Cuomo expressed concern that ending state and local tax deductibility could drive even a small number of the highest earners from the state, blowing a hole in the budget.