New York today was ranked as having the worst business climate in the country, the second year in a row the state was given the unwanted title.
The Tax Foundation, a business-backed group in Washington D.C., said New York and New Jersey are “in a virtual tie for last place, and any change next year could change their positions.” California ranked 48th.
“The states in the bottom 10 suffer from the same afflictions: complex, non-neutral taxes with comparatively high rates,” the report said.
New York has annually been at or near the bottom of the conservative group’s ranking. In 2010, New York ranked 49th.
“This is the second year in a row that New York has ranked dead last in the country,” said Mike Durant, state director of the National Federation of Independent Business, said in a statement. “We can’t let that reputation solidify, which means that real tax relief must be the Legislature’s top priority.”
The group based its findings on a number of taxes: corporate taxes, property taxes, income taxes and unemployment insurance costs.
The report found that New York ranked 25th in the nation in corporate taxes and 49th in income taxes. The state ranked 38th in sales tax and 45th in property taxes.
The group has regularly shown that Westchester County pays the highest property taxes in the nation, while upstate counties, including Monroe, pay the highest property taxes compared to home values.
Wyoming and South Dakota were ranked as having the best business climate, followed by Nevada, Alaska and Florida.
Gov. Andrew Cuomo has sought to beat back New York’s stigma, saying regularly that New York has no future as the tax capital of the nation.
In 2011, the state slightly lowered income taxes on the middle class and enacted a property-tax cap. This year, Cuomo created tax-free zones near college campuses and named a task force on ways to lower taxes.