Citizens Budget Commission Two Penn Plaza T 212.279.

2605
Fifth Floor F 212.868.4745
New York, NY 10121 www.cbcny.org

540 Broadway, 5th Floor

Albany, NY 12207

Albany, NY 12203

Chairman
Kenneth D. Gibbs

Vice Chairs
Walter L. Harris
Calvin A. Mitchell III
Merryl H. Tisch

Honorary Chairs
Lawrence B. Buttenwieser
H. Dale Hemmerdinger
Lawrence S. Huntington
Eugene J. Keilin
Richard A. Levine
James L. Lipscomb
Richard Ravitch

Treasurer
Alair A. Townsend

Secretary
Anthony Mannarino

General Counsel
Edward C. Wallace

President
Carol Kellermann

Consulting Research Director

Charles Brecher

Vice President &

Director of State Studies
Elizabeth Lynam

1
See Citizens Budget Commission, “The Ongoing Challenge of Producing a $2 Billion Surplus: An Update,” (blog entry, January
23, 2014), http://www.cbcny.org/cbc-blogs/blogs/ongoing-challenge-producing-2-billion-surplus-update.
2
A measure of the complexity of New York’s business taxes is that 20 percent of receipts come from audits. See New York State
Tax Reform and Fairness Commission, Final Report, (November 2013), p. 23.

NEW YORK’S NONPARTISAN VOICE FOR EFFECTIVE GOVERNMENT

3
New York State Tax Reform and Fairness Commission, Final Report, (November 2013), p. 24.

NEW YORK’S NONPARTISAN VOICE FOR EFFECTIVE GOVERNMENT

NEW YORK’S NONPARTISAN VOICE FOR EFFECTIVE GOVERNMENT
4
Unlike the existing circuit breaker program for renters, relief calculations in the proposal are determined by age, number of
dependents, and federal adjusted gross income in the household, not on a percentage of rent assumed to be attributable to
property taxes.

NEW YORK’S NONPARTISAN VOICE FOR EFFECTIVE GOVERNMENT

NEW YORK’S NONPARTISAN VOICE FOR EFFECTIVE GOVERNMENT