Even as the state Assembly was voting yesterday to extend a moratorium on hydrofracking of gas shale deposits in upstate New York, new economic reports were showing the benefits of fracking in nearby states. Read More
Yesterday brought a march on Albany by something called the “Educate NY Now campaign,” in which the union-backed Alliance for Quality Education (AQE) figures prominently. The demonstration served to bring attention to AQE’slatest statistical hobby horse — an “opportunity gap” created by the $8,601 difference in per-pupil spending among the wealthiest and poorest schooldistricts in New York. Read More
State Comptroller Thomas P. DiNapoli is out today with a new report on New York State’s public authorities. He counts 1,169 of them, including 324 on the state level, 837 local authorities and eight “Interstate/International.” Read More
Senate Republicans today unveiled some new proposed personal income tax (PIT) adjustments that would generate savings for middle-class families.* For a couple with income of $70,000 and two children under 17, the potential annual tax cut from the proposed Family Tax Relief Act would appear to come to roughly $700... Read More
In line with New York’s motto — “Excelsior” — the state assumes its tax receipts are headed ever upward. Late last week, Governor Cuomo and legislative leaders announced they had agreed to a consensus forecast adding $200 million to the combined receipts... Read More
Carl Schramm, entrepreneurially minded economist and professor at Syracuse University, worries that “economic amnesia” may hinder the long-term recovery prospects of Syracuse — and, by implication, other once-dynamic upstate cities. Read More
The statewide teachers union is celebrating a court ruling that, in contravention of long-established precedents, would allow the New York State Teachers Retirement System to treat the identities of its pension recipients as confidential information. The Empire Center will be seeking leave to appeal the case, as our director, Tim Hoefer, announced yesterday. Read More
Assembly Democrats have introduced eight bills to sweeten pensions, the Citizens Budget Commission pointed out yesterday. Here’s a nice CBC chart summarizing those measures. By far the costliest, sponsored by Assemblymen Peter Abbate and William Colton of Brooklyn, would boost the salary “multiplier” used to calculate pensions for employees with more than 30 years service. Read More
Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!