Governor Andrew Cuomo on Friday again vetoed a pair of union-backed bills designed to sweeten pensions and discourage use of private contractors by state agencies—a positive signal for his third term.
The stock market's slump—and the economic uncertainty it reflects—should raise a yellow caution flag over New York State's budget outlook.
The fate of two government union-backed bills now awaiting Governor Andrew Cuomo’s signature will give an indication of how the governor will tackle major fiscal issues in his third term.
In approving the $69 billion merger of CVS and Aetna, the state Department of Financial Services attached a noteworthy condition: The two companies must forward $40 million to the state of New York. It was the second time this year that the Cuomo administration has leveraged its regulatory authority over a health insurance company to extract a large sum of cash.
Industry lawsuits filed against Governor Cuomo's $100 million opioid tax, summarized in today's Wall Street Journal, are raising fresh questions about the levy's fairness and unintended side effects.
How big are the fiscal challenges faced by New York State in second half of its 2019 fiscal year? Are tax receipts and spending living up with projections? What's the outlook for the next few years?
We don't know—because, for an eighth consecutive year, Governor Andrew Cuomo has missed the statutory deadline for producing a Mid-Year Financial Plan Update.
In a replay of the notorious Pataki-Rivera deal of 2002, the Cuomo administration has quietly ordered a multi-billion-dollar Medicaid rate increase to hospitals and nursing homes, with the money earmarked to boost employee pay and benefits.
Gov. Andrew Cuomo’s effort to campaign for re-election as a master builder of new infrastructure has been undermined by headlines about New York City’s crumbling subway system. Meanwhile, much less public and political attention is being paid to his management of another major transportation asset: the New York state highway system.