While Gov.-elect Andrew Cuomo has said he wants to cap property-tax increases at 2% a year, some local officials in New York state are seeking to boost rates before he even gets to Albany—in part to keep up with the rising cost of government workers’ pensions, officials say.
The push comes as many towns, cities and counties are putting together budgets for next year.
The state comptroller’s office announced in September that it was requiring greater pension contributions, and in recent weeks some cities and counties have responded in part by proposing higher property taxes for 2011. Comptroller Thomas DiNapoli, a Democrat, said at the time of the announcement that the increased contributions aim to make up for investment losses amid the market downturn. Also, in line with trends nationwide, pension shortfalls are resulting from government workers living longer and benefits that were expanded during flush times beginning to come due, analysts say.
Local governments in New York will contribute on average 16.3% of an employee’s salary in the 2011-12 fiscal year, up from the current 11.9%, the comptroller has said. Localities pay the state pension funds, which administer the retirement accounts of many local government workers. The average contribution to the retirement system for police and firefighters will rise to 21.6% of an employee’s salary for the 2011-12 fiscal year, up from 18.2% currently. Those increases are among the highest in recent years, according to a spokesman for the comptroller’s office….
“The biggest problem for the state is the enormous, recurring structural budget gap starting next year and into the future,” said E.J. McMahon of the conservative-leaning Empire Center. “Cuomo clearly hopes that starting in 2021, (Democratic presidential candidate Joseph) Biden and a Democratic Congress will provide states and local government a couple of year’s worth of added stimulus. Read More
Ed McKinley
ALBANY — When the New York Constitution was reorganized nearly 100 years ago to give the governor more power over the budget process, noted there was a risk of making “the governor a czar."
M Read More
Michael Gormley
ALBANY — A new study by a conservative think tank says President Donald Trump’s 2017 tax law gave most New Yorkers a tax cut, even as Gov. Andrew M. Cuomo insists on repealing the measure because he says it will cost New Yo Read More
Johan Sheridan
ALBANY, N.Y. () — The Empire Center filed a against the state Department of Health on Friday.
“This case isn’t about assigning blame or embarrassing political leaders,” said Bill Hammond, the Empire Center’s Read More
The Empire Center first reported Tuesday that grants — 226 of them, totaling $46 million, to recipients selected by the governor and individual state lawmakers — seemed to still be going ahead. Read More
With lingering questions about how the novel coronavirus killed thousands of New Yorkers who lived in nursing homes, a group of state lawmakers is pushing to create an independent commission to get answers from the state Department of Health. Read More
“The importance of discussing this and getting the true facts out is to understand what did and didn’t happen so we can learn from it in case this happens again,” Hammond said. Read More
No doubt, the Health Department and the governor would like this report to be the final word on the subject.
But if it’s all the same with them, we’d still like a truly independent review. Read More