As Governor Cuomo pleads for financial help from Washington, one of his state's programs is sitting on $3 billion in unspent federal aid: the Essential Plan. Read More
Blog
The full toll of the coronavirus pandemic in New York is likely thousands higher than the official death tallies, according to newly released federal data. Read More
In a sign of pandemic-related strain on state finances, the Cuomo administration is postponing a series of multi-billion-dollar Medicaid payments over the next three months. Read More
#NYCoronavirus: New York State United Teachers (NYSUT) has a $1 trillion list of federal stimulus funding proposals—with specifics that illustrate both the union’s thirst for taxpayer money and its desire to influence public policy well beyond the classroom walls. Read More
With the coronavirus pandemic hitting some parts of New York much harder than others, Governor Cuomo has signaled that he will begin to relax shutdown restrictions in low-virus parts of the state. Here's a closer look at how infection and fatality rates vary from region to region. Read More
#NYCoronavirus: While Governor Cuomo continues to press for a bigger all-purpose federal bailout of the coronavirus-clobbered state budget, New York State already has reaped $5.5 billion in added federal aid from two emergency stimulus bills enacted by Congress last month, according to a report issued today by state Comptroller Thomas DiNapoli's office. Read More
#NYcoronavirus: The outlook for New York's economy is the grimmest on record, according to the first post-pandemic lockdown round of credible economic surveys and forecasts. Start with the Federal Reserve Bank of New York, whose regional economists today issued a notably pessimistic report based on their monthly Empire State Manufacturing Survey and a broader Business Leaders Survey that take sin the northern New Jersey and metropolitan New York. Read More
State Medicaid spending dropped to nearly zero in March as the Cuomo administration again delayed payments to balance the state's books. Comptroller Tom DiNapoli's cash report for March, posted on Wednesday, showed just $9.2 million in Medicaid disbursements. The state's share of Medicaid spending averages almost $2 billion per month. The comptroller's numbers reflect so-called Department of Health Medicaid, which covers the bulk of the program but excludes most spending on recipients with mental disabilities. Read More
#NYCoronavirus: It's increasingly apparent that New York is suffering more severely from the coronavirus pandemic than any other part of the U.S. and most of the rest of the world – raising stark questions for city and state leaders. What is it about New York, and especially New York City, that made it especially vulnerable to infection and death? And how can that be changed before the next virus breaks loose? Read More
#NYCoronavirus: With this year's tax return filing date push postponed to mid-July in response to the coronavirus pandemic, Governor Cuomo has revived his old complaints about the TCJA's $10,000 cap on itemized state and local tax (SALT) deductions. But under the circumstances—a crashing economy and exploding federal deficits—his case for restoring SALT is even weaker than it was before the crisis. Indeed, it verges on preposterous. Read More
#NYCoronavirus: The Cuomo administration is about to begin running up charges on that $11 billion credit card the Legislature handed the governor in the new budget. Under the budget's the Education, Labor and Family Assistance budget bill, Cuomo is authorized to borrow up to $11 billion this year in the form of up to $8 billion in bond anticipation notes (BANs) and $3 billion from “line of credit facilities and other similar revolving financing arrangements.” Read More
#NYCoronavirus: Governor Cuomo is invoking his "emergency" powers to unilaterally defer a 2 percent pay hike otherwise scheduled for most unionized state government workers during the new fiscal year. Read More