Blog

Governor Cuomo’s method of unveiling economic development “awards” is certainly a triumph of branding, hype and stagecraft, complete with special guest emcee Maria Bartiromo. Read More

The expected state court battle over newly enacted public pension changes in Illinois will bear close watching throughout the country–especially in New York. That’s because, when it comes to protecting pension benefits, the 1970 Illinois State Constitution closely follows the wording of New York’s 1938 State Constitution. Read More

Over the past few days, Governor Cuomo has made it clearer than ever that his “tax cut” focus next year will be on something that can be more accurately described as a tax shift: the creation of a new property tax “circuit breaker” credit that homeowners could claim on their state income taxes. The credit would rebate a portion of local property taxes, to the extent that they exceed some set percentage of each homeowner’s income. Read More

In 2011, Suffolk County passed a local law (Article I, Section 77-4) barring county elected officials from collecting two public-sector salaries. Now, however, County Executive Steve Bellone wants to change the law... Read More

In 2008, around the time the Empire Center launched its transparency website SeeThroughNY, state Comptroller Thomas DiNapoli was moving on the same track with the creation of OpenBookNewYork. Read More

Senate Republicans have issued a preliminary report laying out a series of state tax reform options and recommendations while also calling for a 2 percent cap on state spending to generate a “freedom fund” to pay for further tax reductions. Read More

The report of Governor Cuomo’s Tax Reform and Fairness Commission is a useful, well researched collection of interesting and provocative ideas — some much better than others. Not a bad place to start a further exchange of ideas leading to a fruitful debate on the topic, assuming such a thing is possible in Albany. Read More

Governor Andrew Cuomo has approved a $96 million deficit bonding bailout for Rockland County — with no strings attached, other than once-a-year review of the county executive’s budget proposal by the state comptroller. The bill sets a terrible precedent, signaling distressed municipalities across New York that they, too, might be able to buy time with borrowed money. Read More

Moody’s Investor Service has just lowered the New York State Thruway Authority’s senior lien revenue bond rating by a notch, from A2 to A1, citing the authority’s failure to identify a plan for raising tolls sufficiently to finance the building of the new Tappan Zee Bridge. Standard & Poor’s last month did much the same thing, for essentially the same reason. Read More