(Reuters) - For the third year in a row, the city's budget surplus will
top $3.5 billion, and Mayor Michael Bloomberg should deepen his
current tax-cut plan to make the city more competitive, the
Citizens Budget Commission urged in its new report.
New York City businesses pay the state and city an average
tax rate of 7.5 percent. Houston ranks second on this list of
comparable cities with a much lower rate of 5.2 percent,
followed by Boston at 5.1 percent, the CBC said.
Read more at Reuters.com Bonds News
top $3.5 billion, and Mayor Michael Bloomberg should deepen his
current tax-cut plan to make the city more competitive, the
Citizens Budget Commission urged in its new report.
New York City businesses pay the state and city an average
tax rate of 7.5 percent. Houston ranks second on this list of
comparable cities with a much lower rate of 5.2 percent,
followed by Boston at 5.1 percent, the CBC said.
Read more at Reuters.com Bonds News
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