Once again New York State has the distinct pleasure of being cellar dwellers in economic categories that are the difference between businesses creating employment or not. Politicians like to say they create jobs when in fact they simply are responsible for a business environment that allows for job creation or not. In this case, not is the appropriate choice for New York.
Next time a politician running for elected state office such as Assembly or Senate campaigns on creating jobs ask them what they intend on doing to reverse these less than stellar achievements. In particular members of the majority conferences in either the Assembly or Senate where in new York's broken system that is all that matters from a policy standpoint.
New York is next to last - #49 - in the category of "business friendly" tax systems.
The Index measures the competitiveness of the 50 states' tax systems and ranks them accordingly based on the taxes that matter most to businesses and business investment: corporate income, individual income, sales, property and unemployment insurance taxes.Oh, to the proponents of the so called "millionaires tax" that was passed this year with votes by Senator Aubertine and Assemblywoman Russell, it matters - Governor Paterson now recognizes that fact and it was included in this index.
This is a comment to be proud of:
Gov. David Paterson said Wednesday at a gathering of newspaper editors at an Associated Press event in Syracuse. "We've done that. We've probably lost jobs and driven people out of the state."And to no one's surprise homeowners in New York continue to pay some of the highest property taxes in the Country. Table here.
Specifically Jefferson County standings, out of 775 counties, 1 being the worst and 775 the best. The stats for Jefferson County are not stellar either and not improving.
Median property taxes paid on homes - rank 326 (379 in 2007)
Taxes as a % of home value - 1.6%, rank 132 (1.5% and 157 in 2007)
Taxes as a % of income - 3.4%, rank 253 (2.9% and 343 in 2007)