Regional News
Balance of state tax revenue tips in upstate's favor
The report is called "Giving and Getting" and examines state receipts and expenditures from the 2009-2010 fiscal year.
The findings show that the state government is redistributing wealth from New York City, to poorer parts of upstate. Martha Foley has more.
A new report out from SUNY Albany's Rockefeller
Institute of Government finds that upstate New Yorkers get a lot more than they
give when it comes to the state taxes.
The report is called "Giving and Getting" and examines state receipts
and expenditures from the 2009-2010 fiscal year.
The findings show that the state government is redistributing wealth from New
York City, to poorer parts of upstate.
Bob Ward is the deputy director of the Rockefeller Institute, which issued the
report. He says the data helps reveal more about the income inequality debate
sparked by the Occupy Wall Street movement.
Ward pointed to an upside, "We in New York are extremely fortunate
that we have a pretty fair number of those one percent upper income earners.
The very rich people who live in New York generate billions and billions of tax
revenue every year."
The report found that when the Capital Region was excluded, the
majority of counties in upstate New York paid around a quarter of the state’s
taxes, but received 35 percent of state dollars in return.
The bottom line, Ward said, is
that downstate gives much more in state taxes than it gets back, and upstate
areas get much more than they give, "We in upstate New York
really do depend more and more each year on the economic activity generated on
Wall Street."
Ward said upstate New York received 12
billion dollars more in payouts than it gave in taxes during that fiscal year.


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