In light of the state government’s “extremely precarious financial position,” New York’s state lawmakers, judges, statewide elected officials and certain gubernatorial appointees should not receive pay raises i Read More
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Coronavirus infections are again rising in New York's nursing homes, a sign that blanket testing, tight limits on visitors and other precautions have not fully isolated their acutely vulnerable residents from condition Read More
New York State's tax receipts in the current fiscal year will exceed Governor Cuomo's latest projections by $3.8 billion—still down from last year, but a big improvement over the governor's worst-case scenario—according to updated estimates from state Comptroller Thomas DiNapoli's office. Read More
With the national election results still unclear, Governor Cuomo can no longer put off tough decisions on how to balance New York's pandemic-ravaged state budget. Read More
For the first time since taking office 10 years ago, Governor Cuomo has met the statutory deadline for producing a Mid-Year Financial Plan Update. As in most previous years, however, the report actually "updates" very little, raising as many questions as it answers. Read More
New York State's unemployment rate has fallen sharply since the economically devastating pandemic lockdown last spring. But as state Comptroller Thomas DiNapoli points out in his latest economic report, the jobless rate doesn't tell the whole story. Read More
New York state legislators may get a raise on January 1, 2021—but the people who elect them may not get to find out before voting ends next week. Read More
The legal fight over coronavirus data from New York nursing homes is putting a spotlight on weaknesses in the state's Freedom of Information Law. Read More
A growing disconnect between two coronavirus benchmarks – the positivity rate and the infection rate – is stirring confusion about New York's pandemic outlook. Read More
New York's exceptionally wealthy state tax base is also exceptionally fragile, due to its heavy dependence on the highly volatile (and portable) investment-driven incomes of Wall Street workers and fund managers. Read More
In the seventh month of the coronavirus pandemic, private-sector employment in New York was still recovering more slowly than in other states from the after-effects of the broad spring shutdowns of normal business and social life, according to federal Bureau of Labor Statistics data. Read More
Continuing a trend from mid-summer, New York's private jobs recovery slowed a little more in September—but state tax receipts came in a bit stronger than expected, according to two monthly reports released by the state late today. Read More