Photo: Jim Bowen / CC BY 2.0ALBANY — New York could see at least $700 million in extra tax revenue through March 2021, but the state’s economic outlook is nonetheless uncertain because of the new coronavirus outbreak.The state’s latest economic forecast says the spread of the disease could end up severely restraining global and domestic growth and hurting global supply chains. But forecasters say a quick resolution to the outbreak could make the economic outlook less bleak.The governor and Legislature’s annual consensus forecast was released Sunday — the same day that the state confirmed its first case of COVID-19 in a woman who had recently returned from Iran.Amid worries about how the outbreak might affect the state’s economy, there was some good news: The forecast estimated that the state could have at least $700 million in extra revenue over the next year, and two separate reports by the state Senate and Assembly say New York could see even more money, predicting over $1 billion more in additional tax revenues through March 2021. Lawmakers and Gov. Andrew Cuomo are currently discussing how to use any extra revenues in the state budget, which is due by April 1.The state’s Comptroller Thomas DiNapoli and fiscal watchdog groups are calling for more money in the state rainy day fund in case the economy worsens. Liberal advocacy groups want the state to direct more spending to education and the state’s increasingly costly Medicaid system serving 3 million low-income New Yorkers.The consensus forecast says the national economy will keep growing but at a slower pace due to declining global growth, a tight labor market and the waning impact of 2017 corporate tax cuts.The report estimates that personal income and wage growth will increase over the next two years but also at a slowing pace. Any increase to interest rates could also hit New York particularly hard, forecasters warn. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)
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Apart from the fact that illegal renters lower the price, they do not pay taxes (thus earning more than you) damage directly to you, as well as to the entire tourist destination. The new State Inspectorate has consolidated the tasks of 17 inspections within eight ministries. Thus, market, sanitary, veterinary, agricultural, hunting, forestry, phytosanitary, tourist, mining, inspection of pressure equipment, energy, management of toxic chemicals, labor, construction, environmental protection, nature protection and water inspection are united. Those who do everything according to the Law do not have to be afraid or intimidated by inspections. Recall, in accordance with the new amendments to the Law on Hospitality, which, among other things, requires that tourism inspectors have the opportunity to apply the principle of opportunity, ie the possibility that minor violations can be warned, with a deadline to correct irregularities, not to they immediately print out fines. So, if someone has listed their apartment on Booking.com, it is easy to see if the same landlord is also registered in the eVisitor system. On the other hand, all those who respect the Law and settle all their obligations to the State, turn out to be “fools” towards those who do not. So accordingly, the question arises whether you will report your “colleagues”, friends, neighbors who rent illegally? On the other hand, illegal renters are unfair competition and a big problem of our tourism. In addition to not paying taxes and all other levies, by lowering prices, they destroy the market and thus are unfair competition to all those who pay everything regularly and according to the law. RELATED NEWS: As the inspections merged and with the reorganization of the independent State Inspectorate, the work of the inspections should have been more efficient and functional. In tourism, it should enable a clearer and more concrete fight against the black and gray economy. Certainly, it is in everyone’s interest to suppress the black market, because they are unfair competition to legal landlords. It is in everyone’s interest to combat illegal landlords. Why would they be “smart” and you “fools”. Yes, that is exactly what everyone who pays according to the law turns out to be. Report illegal landlords as well as anyone else who does not comply with the Act. “Advertising on platforms such as Booking.com and Airbnb can also be a reason to conduct inspections. Namely, the Law on Catering stipulates that when advertising and advertising services and displaying messages in promotional materials, the landlord may use only the designation of the prescribed type and the category and type of special standard of the facility determined by the competent office, and when advertising and advertising services with taxpayers from the European Union must indicate the tax number, ie VAT identification number”, They explain in the inspectorate for Poslovni dnevnik. TAX ADMINISTRATION MOVES FISCALIZATION SUPERVISION IN THE ACCOMMODATION SERVICE SECTOR Everyone must pay taxes and all levies prescribed by law, including landlords. We need fair market competition, so let the one who is better, more creative, more proactive, more capable “win” and the one who invests more in quality and gives his personal contribution as a host. Non-payment of taxes, non-registration of workers and illegal landlords are the cancer of the wound of our tourism, and the State Inspectorate will focus on that. In order to carry out better control and bring order to the black zone, under the new law, inspectors will be able to enter facilities that have not reported renting accommodation. It is the tourism sector, renters and catering facilities, announced by the State Inspectorate, that will be in focus before the start of the peak tourist season. The unified State Inspectorate began operations on Monday (April 01st). How to find illegal renters? Simply. Assistance to the State Inspectorate will be eVisitor data where all renters must register, and illegal renters will be compared with data / advertisements on the strongest booking portals, such as Booking.com and Airbnb.com. Illegal renters are unfair competition
LOS ANGELES – The Galen Center’s inaugural season could not have had a better ending. Senior Lodrick Stewart led the USC student section in displaying the university’s trademark victory sign as the school’s fight song played. This for a team that entered the season picked to finish sixth in the conference and starting freshmen at point guard and power forward. “We’re playing for seeding now,” Stewart said. “There’s not a doubt we’re going to the tournament. I think we’re going now, and the coaches feel the same way.” USC’s 15-3 record at Galen Center is its best home mark since going 16-3 in 1961. The Trojans’ three seniors – Stewart, Penrose and center Abdoulaye N’diaye – received framed jerseys before their final home game. N’diaye, making a rare start, came out and scored USC’s first four points. Stewart drained four 3-pointers to give him 220 for his career, breaking the all-time USC mark of 218 held by Brandon Granville (1999-2002). “It’s great to get the record on a day like this,” said Stewart, who came out to a large ovation with 55.8 seconds remaining. “It was so sad knowing it’s my last time playing here.” Stewart finished with 13 points, seven rebounds and two blocked shots. Taj Gibson led the Trojans with 18 points. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Then the players lifted senior walk-on Chris Penrose – who hit a 3-pointer in the final seconds – onto their shoulders and carried him off the court. USC’s 84-66 victory over California in its final home game displayed everything that has changed this year within the program – the attitude, the attendance and the atmosphere. “We said from day one, we’re not going to beg our people to come out,” said coach Tim Floyd after his team played in front of a sellout Galen Center-record crowd of 10,027. “You have to earn those things.” USC has done that with a team that has defied all expectations. The Trojans (21-8, 11-5) are guaranteed at least fourth place in the conference, will take second if they win both games in Washington this week and can wrap up third with any win or Stanford loss in the final two games. Teammates surrounded Stewart, some going into the aisles, as the crowd paid tribute to one of the Trojans’ best seasons since the Pacific-10 Conference expanded to 10 teams in 1979. The players paid tribute back for the electric atmosphere that built all season and reached a crescendo Saturday.