FOR IMMEDIATE RELEASE
July 12, 2004
STATEMENT BY BUDGET DIRECTOR MARK PAGE ON CENTER FOR GOVERNMENT RESEARCH REPORT
The New York City Office of Management and Budget commissioned the Center for Government Research to study and approximate the imbalance between how much New York City sends in taxes to New York State government and how it receives in return. A copy of the report is attached.
“New York City is the growth engine for the State of New York, generating more than our share of revenues to support the rest of the State. However, as the updated CGR study shows, New York State spending in New York City is way short of our fair share,” said Budget Director Mark Page.
Edward Skyler / Jordan Barowitz (212) 788-2958
Read the report