Revenue implications of New York City's tax system

Edgerton, Jesse; Haughwout, Andrew F.; Rosen, Rae D.

Journal Article

Revenue implications of New York City's tax system

Abstract: A study of New York City's tax system finds that over the past three decades, the system has become less reliant on property and general sales taxes and more dependent on corporate and personal income taxes. This shift has made the city's tax revenues less stable than the revenues of the 1970s and more sensitive to cyclical swings.

Keywords: Federal Reserve District, 2nd; Revenue; Local government; Taxation - New York (N.Y.);