Blog

New York City's Independent Budget Office (IBO) has released its latest data on the distribution of city and state income taxes among city residents—and, once again, the numbers show the tax burden is very light on low- and middle-income residents while relying very heavily on top earners. Read More

Governor Cuomo reportedly has not ruled out an extension of New York's "millionaire tax"—a supposedly temporary added bracket that effectively adds 29 percent to the personal income tax of individuals earning at least $1 million or joint-filing couples earning $2 million. Read More

Governor Andrew Cuomo has signed a bill that marks the most substantial improvement to the Freedom of Information Law in years, limiting the amount of time that public entities can stall a FOIL request after a judge has ordered the release of public records. Read More

New York State fell a little further off the national pace of private-sector job creation in October, based on a comparison of preliminary year-to-year estimates updated today by the state Labor Department. Read More

Governor Andrew Cuomo's budget staff has further reduced the state's revenue estimates for the current year and the three following years, adding to projected potential shortfalls during the period. Read More

For a sixth consecutive year, Governor Andrew Cuomo is behind schedule in issuing the state's Mid-Year Financial Plan Update—maintaining his perfect record of never once complying with the state Finance Law provision requiring such a report by Oct. 30. Read More