And It’s Not Like Jersey City Isn’t Already Really Happening*
You can certainly see why officials expect such an unprecedented population boom in years to come when the economy here is so conducive to growth:
The cost of doing business in New York is a whopping $35.3 billion more than the national average, an alarming new study shows.
New York businesses are paying significantly more than their out-of-state counterparts in state and local taxes, as well as for health care, energy and workers’ compensation, said the report, released yesterday by the state Business Council’s Public Policy Institute.
. . .
Taxes pose the greatest burden for New York’s businesses. Previous studies have shown New Yorkers pay the highest combined state and property taxes in the nation.
New York businesses pay $8.1 billion more in property taxes, $14.4 billion more in income taxes and $2.8 billion more in corporate business taxes.
New York businesses also pay nearly $7 billion more in energy costs, $1.7 billion more in health care and $1.3 billion in additional workers’ comp, compared with the national average.
*At least I thought I heard that.
Posted: December 27th, 2006 | Filed under: New York, New York, It's A Wonderful Town!