Eight days past the statutory deadline, Governor Cuomo’s Division of the Budget (DOB) has finally released a required mid-year update to the state financial plan. Read More
Blog
Although the botched Affordable Care Act (ACA) rollout is shaping up nationally as a political and bureaucratic disaster, the Cuomo administration is warning New York health insurance agents and brokers not to try to get around the new Obamacare requirements for small group health plans here. Read More
For a third consecutive year, Governor Andrew Cuomo is late in issuing a mid-year update to New York State’s financial plan. Read More
A huge majority of New York City residents believe it’s likely the non-Indian gambling casinos authorized by Proposal One on next week’s ballot will bring in “significant new revenue for New York state and local governments”—including a full one-third who think it’s “very likely” that casinos will be a big money maker, according to a New York Times-Siena poll released today. Read More
Governor Cuomo today signed a bill imposing a 2 percent cap on increases in property tax assessments the “base agricultural assessment value” for farms. Read More
Mayoral candidate Bill de Blasio’s “big, bold” proposal to hike the marginal income tax rate in New York City has smoked out Governor Andrew Cuomo’s now-you-see-it, now-you-don’t supply side. Read More
Working added overtime to increase retirement benefits—i.e., pension padding or “spiking”—is an old tradition in the public sector, especially among police officers, firefighters and other employees working under contracts that provide them with ample overtime opportunities. Read More
New York’s heavily tax-subsidized healthcare sector also can function as a patronage trough for the politicians who do so much to fund it, as we’re reminded by this article in today’s New York Times. Read More
Charter schools sharing space in New York City public school buildings cost less to operate than traditional public schools, counter to the findings of a 2010 research memo from the Independent Budget Office (IBO), according to a white paper issued today by a research group affiliated with former state comptroller candidate and financial advisor Harry Wilson. Read More
Governor Andrew Cuomo and the Budget Division are spreading the word via Twitter that Standard & Poor’s has given its top AAA rating to the state’s $1 billion sales tax revenue bond issue. Read More
For an excellent dissection of how the federal Affordable Care Act will initially affect New York, see this article in yesterday’s New York Post by the Manhattan Institute’s Paul Howard and Yevgeniy Feyman. Read More
Private sector employment in New York increased by 1.7 percent during the 12 months ending in August, a period in which the number of private jobs in the U.S. as a whole grew by 2 percent, according to the latest monthly report from the state Labor Department. Read More