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Re: Yankees Parade = Staten Island Transit Disaster

Posted by Wado MP73 on Mon Nov 9 18:08:12 2009, in response to Re: Yankees Parade = Staten Island Transit Disaster, posted by Easy on Sun Nov 8 18:24:42 2009.

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But the Staten Island tax base is not as large as is often assumed. Only 1.5 percent of New York City’s commercial taxes originate on Staten Island, according to the study conducted for the state commission by Berne, Netzer, and Stiefel. The NYU economists found that the cost of providing city services to Staten Island exceeds the revenues the borough generates by between $160 million and $180 million. This basic finding corroborates a study completed by the Mayor’s Office, which estimated the difference between expenses and revenues at $199 million. These analyses point to the surprising conclusion that separation of Staten Island from New York would actually provide budget relief for the city.

That's what I hit on Google. The NYU report used to be online but I can't find it anymore.

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