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
The state Public Service Commission has quietly reduced the amount of renewable energy that utilities will have to purchase next year by 94 percent. 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
Moving to a $15 minimum wage will cost New York’s Medicaid system more than double what was previously forecast, state budget officials revealed this week 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
The looming repeal of the Affordable Care Act – which suddenly became much more likely with the election of Donald Trump – could open an enormous hole in New York’s state budget. Read More
The latest progress report from START-UP NY shows it’s losing participants almost as quickly as it’s adding them. Read More
New York is bucking the national trend in the largest category of health insurance costs, but in exactly the wrong way. Read More
New York’s local property tax cap has become an issue in a hotly contested Hudson Valley congressional race, where a specious anti-cap argument rejected by state courts has been revived by the Democratic candidate, Zephyr Teachout. Read More