Annual Performance Report on New York State's Industrial Development Agencies - Fiscal Year Ending 2007, February 2009
In 2007, nearly $61 billion in total project amounts were reported for all Industrial Development Agencies (IDAs) statewide.
Economy
Sales Tax Declines Through July 2009, August 2009
Local sales tax collections for all of New York State, including New York City, declined by 8.9 percent, or $640 million, over the first seven months of 2009 compared to the same period the year before.
“Cash for Clunkers” Helps, but New York Local Sales Tax Collections Still Declining, November 2009
Overall, county sales tax collections (excluding New York City) continued to fall during the third quarter of 2009 (July-September), declining by 7.9 percent, although collections at New York’s automobile dealerships actually increased compared to the same quarter in 2008, suggesting that the Car Allowance Rebate System (also called “Cash for Clunkers”) moderated the decline.
County Sales Tax: 2009 Collections and Implications for 2010, February 2010
County sales tax collections (not including New York City) declined by 5.9 percent in 2009 compared to 2008. Fifty-three of 57 counties had sales tax declines.
County Sales Tax Collections 2007-2009 - Including New York City - pdf
New York’s Dairy Industry in Crisis, March 2010
New York’s dairy farms are a vital part of the upstate economy. Dairy industry losses in local communities have a ripple effect throughout their economies, negatively impacting local businesses that provide supplies or services to dairy farms, and the property and sales tax base.
Local Government Sales Taxes: 2010 Update, April 2010
The report is an update to a report on the sales tax first issued in 2006, "Local Government Sales Taxes in New York State." The report highlights new issues related to this important revenue source, including the potential impact of the upcoming 2010 Decennial Census on the share of tax revenues flowing to individual governments.
Municipal Strategies for Managing Debt Service Costs, May 2010
As local governments address fiscal challenges posed by stagnant or declining State and local revenues, increased demand for social services and growing fixed costs, local government officials should be mindful of the impact that budget decisions can have on the cost of borrowing. These costs can increase significantly if prudent budget decisions are not made within the context of multiyear capital planning.
Upstate/Downstate: New York’s Diverging Housing Market, June 2010
The meltdown of the national housing market continues to threaten homeowners with foreclosures and reduced home values. Fortunately, New York had fewer subprime mortgages and has fared better than many other states.1 Nonetheless, the decline in home sales and home values is being felt, particularly downstate.
The Changing Manufacturing Sector in Upstate New York: Opportunities for Growth, June 2010
Mirroring a nationwide trend, New York State has been losing manufacturing jobs over the past several decades. However, the remaining manufacturing base contains some bright spots that demonstrate the potential for an economic resurgence in New York.
Signs of Recovery? Stabilizing Economy, Tax Increases Help Local Sales Tax Collections, July 2010
Local sales tax collections, including New York City, increased by 10.6 percent during the first half of 2010 compared to the same period the year before. About half of this growth is due to sales tax rate increases and the extension of the sales tax to additional items.