Put this in the "salt in the wound" category. Not only would New York state lose out on up to $5 billion over two years if the so-called "millionaire's tax" is not extended by the end of 2011, but New Jersey would reap about $350 million in 2013 as a result.
That's revenue New York's Jersey neighbors could spend on public education and other essential services while the Empire State faces drastic, damaging cuts.
According to media reports, New Jerseyans who commute to our state pay income taxes to New York but get credit for their payments on their New Jersey tax returns, avoiding a double charge. If New York's top rate drops below New Jersey's, high-salaried commuters would pay the difference to the Garden State. The memo from the New Jersey Office of Legislative Services reported that New Jersey's budget lost more than $300 million when New York boosted its tax in 2009.
NYSUT and other education advocates continue to press for an extension of the income tax surcharge on the wealthiest New Yorkers. Meanwhile, here's an animated look at how New York's loss would be New Jersey's gain.
Tagged under: Education,NY,NJ,New York
Clip makes it super easy to turn any public video into a formative assessment activity in your classroom.
Add multiple choice quizzes, questions and browse hundreds of approved, video lesson ideas for Clip
Make YouTube one of your teaching aids - Works perfectly with lesson micro-teaching plans
1. Students enter a simple code
2. You play the video
3. The students comment
4. You review and reflect
* Whiteboard required for teacher-paced activities
With four apps, each designed around existing classroom activities, Spiral gives you the power to do formative assessment with anything you teach.
Carry out a quickfire formative assessment to see what the whole class is thinking
Create interactive presentations to spark creativity in class
Student teams can create and share collaborative presentations from linked devices
Turn any public video into a live chat with questions and quizzes