Eat your heart out, upstate NY by E.J. McMahon | | NYTorch

A Rust Belt industrial "boom" spurred by new energy production is the focus of a front-page story in today's New York Times — highlighting, once again, the sort of growth upstate New York is not experiencing while Governor Andrew Cuomo continues to stall the issuance of regulations allowing hydraulic fracturing to produce shale gas.

“Utica” gas, but Pennsylvania profits by E.J. McMahon | | NYTorch

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There’s been a huge increase in gas production in the Utica shale region, including two highly productive finds just across the New York border in northern Pennsylvania. And so the economic opportunity cost of New York State’s moratorium on shale gas exploration keeps on rising.

Still a bomb in the making by E.J. McMahon | | NYTorch

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It’s no surprise that Comptroller Thomas DiNapoli was able to announce another decrease in the tax-funded employer contribution rates to the state's biggest public pension fund. But the fund remains a bomb in the making.

New Yorkers favor choice by Tim Hoefer | | NYTorch

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A recent online survey asked, "should employees have the right to decide, without force or penalty, whether to join or leave a labor union?"

Nearly 83 percent of New York respondents said yes, they should.

Local tax cap may dip in ’15 by Tim Hoefer | | NYTorch

Tax Cap
The property tax cap for New York counties, towns and villages with fiscal years starting January 1, 2015 will start at 1.56 percent, slightly lower than last year's starting rate of 1.66 percent. The cap in each locality will vary based on the amount of applicable allowable exclusions for growth in local property values. Localities also will be able to exclude the amount by which the change in pension contributions exceeds two percentage points

The Times hypes an IBO analysis by E.J. McMahon | | NYTorch

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Most high-income New York City residents who left the city in 2012 moved to neighboring jurisdictions, according to a new analysis of federal Census data by the city Independent Budget Office (IBO).

Today's Times claims this shows that wealthy New Yorkers are not "fleeing the city for tax havens." But who says they are? Besides, compared to the city, suburban New York, New Jersey and Connecticut are tax havens.