New York’s giant sucking sound NY Torch

Following in the footsteps of Tom Golisano, the owners of a small Buffalo area company have announced that New York State's income tax hike is prompting them to move to Florida -- except, unlike Golisano, they are also taking their entire company wit...

The Empire State sinks deeper NY Torch

Governor Paterson says the weakness in April tax receipts means the state may need to reduce spending by another $3 billion in the current fiscal year, which is less than two months old.   In other words, the short-term outlook may now be as lousy ...

Golisano gone NY Torch

Well, what do you know?  Barely a month after its enactment, New York State's biggest income tax hike since 1961 has already driven away one of the Empire State's wealthiest and most productive residents.  Make that former resident, as the Rocheste...

An Empiricist looks at low-tax Tarheels NY Torch

One of Albany's senior State Capitol correspondents vacations in Flat Rock, North Carolina, and returns to report the place has "no overwhelming problems," despite local taxes far below the New York level. (more…)...

New York’s murky budget numbers NY Torch

How big is the spending increase in the newly adopted New York State budget?   How does it compare to previous spending trends?  One of the many glaring shortcomings of the state budget process is that it is not possible to answer such questions w...

Stimulus slush? NY Torch

[See update at end of item.] Buried in one of the nine state budget bills now pending in Albany is what looks like a $1 billion federal stimulus aid slush fund, which could be "suballocated" by the governor to "to any state department, agency or publ...

It’s official: most stimulus $ will be spent NY Torch

Governor Paterson and state legislative leaders announced today that they've agreed to use most of New York's unfettered federal stimulus money to restore spending to the governor's budget and to avoid any further spending cuts.  The result will be ...