Same old NY jobs story by E.J. McMahon |  | NY Torch

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Nearly all of New York State's year-to-year private sector employment growth remains concentrated in New York City and its suburbs, according to the latest state Labor Department statistics. [Read_more]

Cuomo’s latest 2% solution by E.J. McMahon |  | NY Torch

Governor Andrew Cuomo and New York's second largest union of state government employees just announced a tentative contract deal that, if ultimately extended to all state workers, could add roughly $1.5 billion in salary costs to New York's budget by fiscal 2019.

Cuomo said the state had agreed to raise salaries for Public Employees Federation (PEF) members by 2 percent a year over three years, or a cumulative 6.12 percent, starting in the current fiscal year. [Read_more]

Buffalo’s murky teacher pact by Kenneth Girardin |  | NY Torch

Some of New York’s worst tendencies in bargaining with government unions were on display yesterday in Buffalo—even before the school board illegally took things behind closed doors. [Read_more]

“Czar” exiles energy facts by Kenneth Girardin |  | NY Torch

Governor Andrew Cuomo’s energy czar isn’t letting facts get in the way of attacking the growing number of dissenters who challenge Cuomo’s new Clean Energy Standard. [Read_more]

Are business losses a NY tax loophole? by E.J. McMahon |  | NY Torch

Does the massive tax loss claimed by Donald J. Trump 20 years ago point to some sort of loophole for the wealthy in New York State's current tax law?

That's the implication of Jim Dwyer's column in today's New York Times. But Dwyer reads too much into some data from the city's Independent Budget Office. [Read_more]

We’re number 49! by E.J. McMahon |  | NY Torch

New York ranks 49th out of 50 states in the Tax Foundation's 2017 State Business Tax Climate Index, released today. (New Jersey seems permanently mired in last place, so we've got that going for us, which is nice.)

The Empire State's overall ranking on the widely noticed index is unchanged from last year, has ranged between 48th and 50th for a decade now, and has been 49 for most of Governor Andrew Cuomo's tenure. [Read_more]

Bending NY’s Medicaid curve by Bill Hammond |  | NY Torch

Per-recipient spending by New York's Medicaid program has long far exceeded the national norm, a telling symptom of inefficiency in the state's health plan for the poor. But the gap appears to have narrowed significantly during Governor Andrew Cuomo's term, with New York's spending rate falling at about twice the national average between 2010 and 2014. [Read_more]

Another slow-growth sign for upstate by E.J. McMahon |  | NY Torch

The latest federal estimates of the 2014-15 change in Gross Domestic Product (GDP) by metropolitan area provide a fresh perspective on upstate New York's persistent economic weakness.

With a real (inflation-adjusted) GDP gain of 2 percent—good enough to rank 154 out of the nation's 382 largest metros—Albany-Schenectady-Troy was upstate New York's fastest-growing area last year, according to preliminary estimates from the Commerce Department's Bureau of Economic Affairs (BEA). The average GDP growth for all U.S. metro areas was 2.5 percent. [Read_more]

August jobs: more of the same by E.J. McMahon |  | NY Torch

New York's preliminary employment numbers August were a near-repeat of July: private-sector job creation in the Empire State trailed the national average, with nearly all the net gains concentrated in New York City and its surrounding suburbs. [Read_more]
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