benchmarkNYS

benchmarkNYS - The Public Policy Institute of New York...

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The Public Policy Institute of New York State, Inc. B usinesses regularly benchmark their cost of doing business against their competitors — because they know that if their costs are too high, they won’t be in business much longer. The table below does the same for government in New York State — com- paring the key, government-related costs of living and doing business in New York, with the national average. These key costs are more than $35 billion higher than they would be, if New York matched the national average. That’s about $1,830 a year for every man, woman and child in the state — or $5,015 for every private-sector job. BENCHMARK N EW Y ORK S TATE The Public Policy Institute: Research affiliate of The Business Council of New York State, Inc. 152 Washington Ave., Albany, NY 12210 518-465-7511 www.ppinys.org 2007 Edition The New York State cost gap: Key benchmarks Cost item What We Pay U.S. Average cost What the difference adds up to, in total dollars per year State and local taxes, $ per $1,000 of total personal income in the state Property taxes $44 $33 $8,145,000,000 Income taxes $42 $22 $14,386,000,000 Sales/gross receipts taxes $37 $37 – $15,000,000
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This note was uploaded on 02/08/2012 for the course ECON 388 taught by Professor Chaka during the Spring '11 term at SUNY Albany.

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benchmarkNYS - The Public Policy Institute of New York...

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