As the state legislative session draws to a close, Gov. Cuomo and the state Democratic Committee are launching an online media campaign to push for an extension of his landmark property-tax cap. It’s easy to understand why: Unlike many highly touted policy reforms, the tax cap’s actually working. Which is why it should be made permanent. Read More
Commentary
Last week, the Illinois Supreme Court struck down a desperately needed overhaul of that state’s massively underfunded pension system. The case has chilling implications for Albany as well as Springfield — and for New York City as well as Chicago. Read More
Few economic development initiatives in New York State’s history have been the subject of more marketing hype than START-UP NY, which created scores of tax-free micro-zones on and near college campuses around the state. Governor Andrew Cuomo has spared no superlatives in describing his expectations for the program, backing it with a slick, $47 million advertising campaign that touted START-UP as proof that “in New York State, we’re changing the way we do business.” But the results so far haven’t come close to living up to the governor’s rhetoric. Read More
In many respects, New York City looks economically and fiscally as strong as it’s ever been. But it’s still worth recalling that, 40 years ago this week, things were very different. Read More
The Legislature is on the verge of following Governor Cuomo's lead by making three big moves in the wrong direction. Read More
There’s a key component missing from Gov. Andrew Cuomo’s plan to “cut” property taxes: It doesn’t cut them at all. Read More
The Southern Tier has been among the most poorly performing regions of a weak upstate New York economy over the past four years. But you sure wouldn’t know it from listening to Howard Zemsky, the Buffalo developer recently named by Gov. Andrew Cuomo to chair the Empire State Development Corp. Read More
City workers who qualify for pensions are also eligible for lifetime health insurance coverage — a retirement benefit that has almost disappeared in the private sector. The estimated value of retiree health benefits promised to current and future city government pensioners is now roughly $90 billion, tipping the city’s overall financial balance sheet well into the red. Read More
The corruption case against Speaker Sheldon Silver has prompted more calls for reform of the Legislature. Read More
Gov. Cuomo’s combined State of the State message and Executive Budget rollout this week showcased the governor at his best — and worst. Read More
At a time when New York is desperate to promote private-sector growth, one state agency seems bent on shutting down a thriving local business—which isn't accused of breaking a single New York state law. Read More
Cuomo’s record can’t be reduced to tax, spend, and tax some more. In fact, even as he was gaining national acclaim among Democrats for his attacks on the fiscal policies of President Ronald Reagan, Cuomo also approved personal income tax cuts that were downright Reaganesque. Read More