Journal Article

The outlook for the metropolitan area

Abstract: The author assesses the region's future and identifies policies that might improve the local outlook. He acknowledges that substantial cuts in the local tax burden could increase growth but doubts whether local governments could afford such widespread reductions. Instead, he argues, it would be more beneficial for authorities to seek ways to lower the cost of doing business in the region, possibly by reducing taxes levied on intermediate goods and services purchased by businesses.

Keywords: Federal Reserve District, 2nd; New York (N.Y.);

Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Economic Policy Review

Publication Date: 1997

Volume: 3

Issue: Feb

Pages: 93-111