From Barabara Bowen, head of the PSC:
"The real crisis in New York State is a revenue Crisis, not a deficit crisis. The state would have $17 billion more in revenue in this year's budget alone-eliminating all need for discussion of budget cuts-if it had simply restored the income lost to the tax cuts enacted between 1994 and 2005. Over the past thirty years, New York has cut the tax rate on their top income bracket in half-from 16.4% to 6.85%."
"Today the poorest New Yorkers, those earning $15,000 or less a year, pay 12.6% of their income in state and local taxes, while those earning $1.6 million or more pay only 6.5%."
"CUNY students...have seen their tuition rise by 107 percent since 1991-2."'
Barbara Bowen's testimony on the CUNY budget before the NYS Senate Finance Committee and Assembly Ways and Means Committee on January 15th is actually pretty informative.
"The real crisis in New York State is a revenue Crisis, not a deficit crisis. The state would have $17 billion more in revenue in this year's budget alone-eliminating all need for discussion of budget cuts-if it had simply restored the income lost to the tax cuts enacted between 1994 and 2005. Over the past thirty years, New York has cut the tax rate on their top income bracket in half-from 16.4% to 6.85%."
"Today the poorest New Yorkers, those earning $15,000 or less a year, pay 12.6% of their income in state and local taxes, while those earning $1.6 million or more pay only 6.5%."
"CUNY students...have seen their tuition rise by 107 percent since 1991-2."'
Barbara Bowen's testimony on the CUNY budget before the NYS Senate Finance Committee and Assembly Ways and Means Committee on January 15th is actually pretty informative.
