Looking ahead to an uncertain post-pandemic recovery, New York’s newly enacted state budget for fiscal year 2022 raises spending by staggering amounts that—barring an unlikely rapid return to peak 2019 economic activity in New York City—can't possibly be sustained for more than a few years. The budget is a mid-2020s fiscal disaster in the making: an incomplete bridge over a deepening river of red ink. Read More
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The details apparently would get rancid if exposed to daylight, but Governor Cuomo and legislative leaders the broad outlines of their budge Read More
New York and its local governments—and yet the new state budget will pump even more money into New York's biggest capital pork-barrel slush fund. Read More
In the race to vaccinate its oldest and most vulnerable residents, New York has fallen behind. Although the state's overall COVID-19 vaccination rate is somewhat higher than th Read More
New York state today began its 2022 fiscal year without an adopted budget—which, in itself, is not a big deal. The state government can continue to pay bills and employee salaries next week if either final appropriat Read More
As a budget deal nears in Albany, reining in spiraling Medicaid costs seems to be the last thing on anyone's mind. Governor Cuomo is advancing only Read More
Preliminary enrollment data from the State Education Department (SED) show that New York experienced the largest decline in public school enrollment in four decades. While the estimate is dramatic, it is also likely overly conservative. New Census data hint at a greater drop-off. Read More
New York has a lot riding on the pace of business reopening and resumption of normal activities in the coming months. Read More
Governor Cuomo and the Legislature are seeking to raise taxes on New York's highest earners—giving the Empire State's already high-taxed income millionaires a bigger financial incentive to avoid New York Read More
A hospital lobbying group at the heart of scandals plaguing the Cuomo administration is again getting the governor's help in pushing a late change to the state budget. Aides to Read More
Tax proposals embraced by Democrats represent a sizable increase in a top rate that already stands at an all-time record high. Read More
In an echo of the Cuomo administration's stonewalling on nursing home data, the governor's office has for a third time delayed releasing records of its vaccine review panel, this time until mid-April. Read More
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