Blog

The board of the New York State Teacher Retirement System this week voted to reduce the pension plan's assumed rate of return on investments from 7.25 percent to 7.10 percent, which is (a) a step in the right direction, and (b) still unrealistically high. The new projected return assumption, used as the discount rate for calculating and funding long-term teacher pension liabilities, matches NYSTRS' actual return on investments during the fiscal year ended June 30, which fell 0.15 percent short of the previous target. Read More

The long-term cost of subsidies for New York’s new offshore wind turbine projects could exceed $6 billion—or three times the amount acknowledged by Governor Andrew Cuomo’s energy agency. Read More

Upstate electricity customers could shell out more than $1 billion to cover the state’s initial round of subsidies for offshore wind turbines, the Cuomo administration’s energy agency has now revealed. Read More

In cutting the figurative ribbon on a big Capital Region highway project, Governor Andrew Cuomo made a convincing argument against his own policy of steering state work to building trade unions. Read More

At the midway point of the fiscal year, New York's Medicaid health plan has already spent 61 percent of its state-funded budget, according to the latest cash report from the comptroller's office – putting the program on track to end the year with a $2.9 billion shortfall. Read More

The billions of dollars funneled from New York's treasury to movie and TV producers had no statistically significant impact on the industry's employment in the Empire State through 2017, according to a new multi-state study of such tax incentives. Read More

In what could rank among the least surprising federal court rulings of this or any year, a U.S. District Court judge in Manhattan has rejected New York's constitutional challenge to the state and local tax (SALT) deduction cap in the new federal tax law. Read More

A few months before the U.S. Supreme Court’s June 2018 landmark decision in Janus vs AFSCME, Governor Cuomo promised government unions the state would “do everything in its power” to “protect” them from potentially adverse consequences. Flouting the clear intent of the court—and state law—Cuomo is keeping that promise. Read More

Economists at the Federal Reserve Bank of New York have issued an analysis suggesting that New York's minimum wage increases from 2013 to 2018 had little impact on employment in counties bordering on Pennsylvania. The Fed's economists compared employment in two low-wage sectors in the 19 contiguous border counties of New York and Pennsylvania—implicitly assuming that the counties as a group must be comparable because they are next to one another. Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100
Fax: 518-434-3130
E-Mail: info@empirecenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.