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Fiscal Capacity in New York: The City Versus the Region

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  • Chernick, Howard

Abstract

This paper addresses the difficulties in developing comparative measures of fiscal capacity for jurisdictions with widely varying authority to levy taxes, with particular reference to New York City (NYC) and its region. It compares income and property wealth in the region and computes both representative tax system and income-with-exporting measures of capacity. In terms of both income and taxable property wealth, NYC’s values per household are low relative to the region. However, taking account of the City's ability to export taxes to non-residents, its fiscal capacity goes from 25 percent lower than the median jurisdiction in the region to approximately 20 percent higher.

Suggested Citation

  • Chernick, Howard, 1998. "Fiscal Capacity in New York: The City Versus the Region," National Tax Journal, National Tax Association;National Tax Journal, vol. 51(3), pages 531-540, September.
    • Handle: RePEc:ntj:journl:v:51:y:1998:i:3:p:531-40
    DOI: 10.1086/NTJ41789348
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    References listed on IDEAS

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    1. Mieszkowski, Peter, 1972. "The property tax: An excise tax or a profits tax?," Journal of Public Economics, Elsevier, vol. 1(1), pages 73-96, April.
    2. Inman, Robert P., 1989. "The local decision to tax : Evidence from large U.S. Cities," Regional Science and Urban Economics, Elsevier, vol. 19(3), pages 455-491, August.
    3. Robert P. Inman, 1989. "The Local Decision to Tax: Evidence from Large U.S. Cities," NBER Working Papers 2921, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Warner, Mildred, 2001. "State Policy Under Devolution: Redistribution and Centralization," National Tax Journal, National Tax Association;National Tax Journal, vol. 54(3), pages 541-556, September.
    2. L.L. Igonina & V.V. Vikharev & S.V. Shurygin & D.V. Yaroshenko, 2019. "Budget Potential of the Region: Attributive Features and Methods of Assessment," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 355-361.
    3. Dubravka Jurlina Alibegovic, 2014. "Fiscal Autonomy ? Opportunity or Limitation for Innovative Local Development in Croatia?," ERSA conference papers ersa14p945, European Regional Science Association.
    4. NourEldin A. Maglad & Eisa A.M. Elshwin, 2016. "Alternative Simulations of Equalization Transfers in Sudan," Working Papers 1029, Economic Research Forum, revised Jul 2016.
    5. Howard Chernick & Andrew Reschovsky, 2023. "Measuring the Fiscal Health of U.S. Cities," IMFG Papers 63, University of Toronto, Institute on Municipal Finance and Governance.
    6. Javiera Bravo, 2013. "The Income Effect of Unconditional Grants: A Reduction in the Collection Effort of Municipalities," Documentos de Trabajo 437, Instituto de Economia. Pontificia Universidad Católica de Chile..
    7. Dubravka Jurlina Alibegovic & Suncana Slijepcevic & Zeljka Kordej-De Villa, 2013. "Regional Development and Decentralization - Two Options to Overcome Lack of Funding," ERSA conference papers ersa13p1027, European Regional Science Association.
    8. Howard Chernick & Santino Piazza, 2016. "Fiscal gaps in amalgamated metropolitan areas: The case of Turin and Genoa," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2016(1), pages 137-171.

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