TASK FORCE: Tax Policy, Forecasting and Economic Analysis

UNIT: Income Tax

JOB TITLE: One (1) Summer Intern

CONTROL CODE: TAX Intern - 24-02


SUMMARY:

The Mayor’s Office of Management and Budget (OMB) is the City government's chief financial agency. OMB's staff of analysts and experts assembles and oversees the Mayor’s expense and capital budgets, which fund the services and activities of approximately 90 City agencies and entities.

The Tax Policy, Forecasting and Economic Analysis Task Force is responsible for forecasting and monitoring trends in the local, national, and global economies, including tax revenues, unemployment, and population growth. The Tax Policy arm of the Task Force is charged with forecasting the City’s tax revenue on a quarterly basis, tracking and analyzing tax collection trends as well as evaluating tax expenditure programs. The Income Group within Tax Policy overlooks personal income tax as well as incorporated and unincorporated business taxes. The unit oversees over $25 billion in revenue from income taxes. The unit also works on multitude of tax expenditure programs shaping policy positions through rigorous data analysis, modeling, and fiscal impact analysis.

JOB DESCRIPTION:

The intern will lead the following project under general supervision, with latitude for independent initiative and judgement:

This internship would provide an opportunity to candidates to learn about income taxes, economic conditions that drive taxes, tax collection and monitoring, tax liability and forecasting, tax expenditure programs as well as methodological designs to answer key research questions using data. The intern would take on projects that would enable the unit to centralize collections and liability data and use centralized data to answer research questions. The summer projects would afford candidates the opportunity to use coding skills in Python, R or SQL for data cleaning, exploration, and data analysis. The internship would also enable candidates to learn about methodological designs to answer research questions through data analysis.

Moreover, the intern would also assist in organizing the Data Science Huddle, an employee resource group that focuses on data science and brings together OMB employees through presentations, workshops, trainings, and summer projects. Assisting with the Data Science Huddle would enable candidate to meet, learn and collaborate with other units within OMB.

The summer projects include:
- Data centralization project would afford candidates the opportunity to use programing skills to read in, clean and organize collections and liability data through the years by component.
- Using centralized data, candidates would begin to think about and answer research questions about:
- income taxes,
- the quality of the forecast against actuals,
- income inequality, population and migration patterns,
- tax collection reliance on top taxpayers,
- tax expenditure programs like the Earned Income Tax Credit
- Summer research project within the Data Science Huddle

Description of Specific Skills Required:

- Some course work on coding languages like Python, R, SQL
- Some coursework on Economics
- Exceptional attention to detail
- Excellent written and verbal communication skills
- Ability to multitask
- Well organized
- Eager to learn
- Sincere interest in government and public service

As of June of the Program year the prospective interne must be a student matriculated in a college or be a recent college graduate (winter/spring term of the Program year).
NOTE: Appointment to this title is only valid for the duration of the Program, June - August each year.

Additional Comments: We strongly encourage people from underrepresented groups to apply. REQUIREMENTS: Undergraduate interns must be currently enrolled or accepted into an accredited college or university. Strong analytical, research and communications skills are required. Candidates must have familiarity in MS Word and Excel To participate in the OMB Summer Internship Program, undergraduate students must be enrolled or accepted into a college or university. Compensation/Duration: Summer Undergraduate Intern $16.50 per hour Internships will run for 10 weeks, from June 3, 2024 to August 9, 2024. The work must be done during the regular workday, 9:30 a.m. to 5:30 p.m. – no evenings or weekends.

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.