As Albany lawmakers consider imposing costly new taxes and mandates on health insurance, a report from the New York State Health Foundation offers a timely reminder: The state’s insurance premiums are already among the highest in the country, and rising fast.
The state Senate’s ruling majority coalition hopes state budget talks will include a “discussion about whether the definition of public work should be updated”—shorthand for whether costly union compensation packages should be imposed on a much larger number of projects subsidized directly or indirectly by taxpayers.
Governor Andrew Cuomo has married his unrealistic renewable energy targets to his push to steer work to the building trades unions. The likely results: even higher costs—and even fewer projects.
The Empire Center’s unique online “Explore Your State Budget” app has been updated to reflect data in Gov. Andrew Cuomo’s proposed Executive Budget for the 2019 fiscal year, which begins April 1.
If Governor Cuomo succeeds in imposing a tax on prescription opioids, state government would largely be taxing itself.
Here’s another health care cut that Albany can stop worrying about: Despite losing $1 billion in federal funding, the state’s Essential Plan is actually expected to run a hefty surplus—which the Cuomo administration is using to plug budget holes.
The past year has been a roller-coaster for New York’s health-care system, as Congress tried repeatedly to scale back Medicaid and dismantle the Affordable Care Act while allowing other health-related programs to lapse. Because New York depends so heavily on federal health dollars, it had more to lose than almost any other state.
The Cuomo administration has released a few more details of its plan to propose an optional payroll tax for New York employers as a way to preserve some of the state and local tax (SALT) deductions capped under the federal Tax Cuts and Jobs Act.