Commentary

New York City's move over the next three years to a $15-an-hour minimum wage—the highest ever, after adjusting for inflation—will take the city into uncharted territory, fraught with risks and trade-offs for workers and businesses. Read More

New York State’s tax revenues have fallen more than $1 billion behind projections since the current state budget was adopted eight months ago. When the fiscal year starts April 1, it’ll be staring into the gaping maw of at least a $689 million shortfall. Under the circumstances, a new corporate-tax giveaway is the last thing Albany needs. Read More

In what amounts to an unlegislated state tax hike, New York's already-high electricity rates are poised to go even higher. That’s because, essentially at Gov. Cuomo’s order, the state Public Service Commission will require electric utilities to both subsidize money-losing upstate nuclear plants and buy power from “renewable” energy sources, mainly solar and wind-generated. Read More

Earlier this month, Gov. Cuomo paid a visit to the centerpiece of his upstate economic development strategy: a massive, still unfinished “gigafactory” taxpayers spent $750 million to build and equip for SolarCity, a money-losing company with a foggy future. “This is the economy of tomorrow,” the governor gushed, according to a Buffalo News account. “It’s such a metaphor — a symbol of everything we’re doing.” Indeed. But rather than symbolizing a shiny high-tech future, the solar-panel factory could become a monument to what US Attorney Preet Bharara described as “pervasive corruption and fraud” allegedly infecting Cuomo’s signature economic development programs. Read More

The recent announcement that Dick’s Sporting Goods will build a 650,000-square-foot distribution center in Binghamton has been cited by Gov. Andrew Cuomo as further evidence of an economic resurgence in the region. “Five years ago, we had a 7.9 percent unemployment rate in the Southern Tier,” Cuomo said. “Today, 4.6 percent. The arrows are headed in the right direction.” In fact, as shown in the state Labor Department’s household survey data, the unemployment rate dropped only because fewer residents of the region are available and looking for work. If the labor force were still at its 2010 level, the unemployment rate would be 13 percent. Read More

Proponents of a single-payer health plan for New York pitch it as a cure-all — one fix that would achieve universal coverage, let people to go to any doctor or hospital, abolish copays and deductibles, cut down on paperwork, and save billions in the bargain. Forty-five billion dollars, to be precise — or so said Assembly Health Chairman Richard Gottfried of Manhattan, as the Democrat-controlled lower house passed his New York Health Act on June 1. It sounds too good to be true because it is. My analysis for the Empire Center shows that his $45 billion savings estimate relies on tendentious assumptions, debatable methods and a heavy dose of wishful thinking. Read More

During the first few years after Wall Street prices bottomed out in 2009, public-pension funds across the country reaped double-digit returns. They were riding a bull market pumped up by ultra-low interest rates, and it wouldn’t last. Now pension managers have been struggling to break even — the predictable outcome of a funding strategy that continues to expose taxpayers to unreasonable long-term risks. Read More

Subscribe

Sign up to receive updates about Empire Center research, news and events in your email.

CONTACT INFORMATION

Empire Center for Public Policy
30 South Pearl St.
Suite 1210
Albany, NY 12207

Phone: 518-434-3100
Fax: 518-434-3130
E-Mail: info@empirecenter.org

About

The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

Empire Center Logo "...the Empire Center is the think tank that spent months trying to pry Covid data out of Mr. Cuomo's government, which offered a series of unbelievable excuses for its refusal to disclose...five months after it (the Empire Center) sued, Team Cuomo finally started coughing up some of the records." -Wall Street Journal, February 19, 2021

SIGN UP TO READ ABOUT THE ISSUES IMPACTING NEW YORKERS.

Empire Center Logo 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!

  • For targeting local content