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 ...

Bad Albany Idea of the Month NY Torch

March isn't half over yet -- but we already have a winner!  Even with the state budget unsettled (with all that implies, bad ideas-wise), the worst idea of the month is surely a proposal by state Sen. Carl Kruger for avoiding East River bridge tolls...

Tax hike fun ‘n games NY Torch

Advocates of a huge increase in New York State's income tax continue to attempt to mislead the public about who pays how much of the current state income tax. (more…)...

MTA: The $2 toll canard NY Torch

Before Senate Majority Leader Malcolm Smith stalled the plan yesterday, Assembly Speaker Sheldon Silver had come up with a compromise idea to raise new money for the state-run Metropolitan Transportation Authority: charge a $2 toll for drivers to cro...