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Journalists should contact Robert Bullock at 518-443-5837, or by e-mailing rbullock@albany.edu.
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Our latest news...
Time Bandits? State Income Taxes Surge in April
Federal “non-withheld” income tax payments surged by 37 percent in April and May of this year—compared to the same months in 2012. This appears to be a one-shot event, as wealthy households cashed out investments in late 2012, before the “fiscal cliff” tax increases went into effect. It also casts a new light on recent increases in state tax revenues. These revenue increases may not persist, and future state revenues are very uncertain.
Report
America’s Health Care Cost Crisis and What to Do About It
A new paper by Rockefeller Institute Senior Fellow Richard Nathan examines the difficulty in implementing the Affordable Care Act in the face of so many uncertainties. Nathan proposes the creation of a new institutional mechanism to monitor and react to changing conditions and to provide feedback to Congress and the president on necessary adjustments to meet the goals of the legislation.
Report
The Last Quarter of Calendar 2012 Shows Mixed Results for State Tax Collections
States reported mixed results for two major tax sources in the fourth quarter of 2012: improvement in income tax collections and weakening in sales tax collections. The strong growth in income tax collections is not an indication of improving revenues, but is partially an outcome of taxpayer behavior to shift income from 2013 to 2012 in an effort to pay lower rates.
Data Alert
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The Institute in the news...
Local Governments’ Woes Add to Economic Worries; USA Today
The newspaper’s story on the shrinking of the state and local government workforce quotes Senior Fellow Donald Boyd on the economic pressures leading to the slow recovery.
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State Income Tax Revenue May Surge in April but at a Price-Report; Reuters
The news outlet highlighted the findings of the Institute’s most recent State Revenue Report that found the increase in state income tax collections is likely short lived.
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Canisius Shares U.S. Colleges’ Fiscal Challenges; Buffalo News
Jason Lane, deputy director for research, is quoted in an article on U.S. colleges’ unsustainable fiscal path and their struggle to survive.
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