Commentary

As if a second wave of Covid-19 infections weren’t enough, New York’s prospects for economic recovery will face new headwinds—from Albany. Read More

After months of waiting for a federal coronavirus stimulus bailout that never materialized, Gov. Cuomo has staked the future stability of New York’s public finances on the outcome of this year’s election. Read More

Families and businesses are watching their bottom lines and stretching each dollar. But House Democrats are pushing a plan to prevent America’s schools from doing the same thing. Read More

The indictment of New York’s top construction-union official on federal corruption charges this month raises a big question: If businesses are paying bribes to avoid having to work with certain construction unions, why does Gov. Cuomo insist the state keep doing it? Read More

Forty-five years ago this month, then-Gov. Hugh L. Carey and the state Legislature passed a landmark law, the Financial Emergency Act, designed to rescue Gotham from imminent bankruptcy. Read More

Look closely at a questionable Empire State health-care policy, and you’re liable to find the fingerprints of the Greater New York Hospital Association, the hospital and health-system trade group that is one of the most influential forces in New York politics. Read More

For the better part of three years now, Gov. Cuomo has been pounding SALT — the federal income-tax deduction for state and local taxes. Read More

Polling this month showed that two-thirds of the nation’s teachers would prefer to stay out of the classroom this fall, and teachers unions across America are poised to keep schools from reopening. The unions say the safety of their members is their top concern, yet, truth is, their bottom lines are just as critical. That’s because the pandemic represents their biggest financial threat since teachers won the right to stop paying them. Read More

"With massive budget deficits looming, Mayor de Blasio’s post-pandemic plan boils down to hoping for a stopgap federal bailout and asking Albany for permission to issue billions in deficit bonds. This won’t solve the problem. New York needed a much leaner, more efficient public sector even before the novel coronavirus blew a hole in its tax base." Read More

New York’s slow reopening has begun just in time for a virtual April 15 — Tax Day 2.0, pushed back three months by the novel-coronavirus pandemic. In a way, it’s the end of an era: The tax returns due to be filed on Wednesday will report incomes earned in 2019, the close of a decade-long economic expansion. Read More

Predicting doom and gloom for New York is all the rage. While we do face difficult fiscal choices for the next several years, those with skin in the game are contradicting this “death of New York” narrative — and offering a way out. Developers across the city are asking communities for nothing more than regulatory permission to add jobs, mixed-income housing and new high-quality public spaces. Yet just this week, Councilmember Jimmy Van Bramer denounced a multi-billion dollar investment in offices and homes in Long Island City — shortly after denouncing 2,700 new mixed-income homes in Astoria. Read More

The headlines surrounding this week’s New York City budget naturally focused on #DefundthePolice demands. But for all its larger potential implications for New Yorkers’ security and quality of life, the partially illusory $1 billion “cut” in the New York Police Department budget was a sideshow in fiscal terms. Read More