Side effects of the opioid tax by Bill Hammond | NY Torch

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.

Soaking the rich—or not by E.J. McMahon | NY Torch

New York State's so-called millionaire tax, temporarily raising the state's top income tax rate to 8.82 percent from the permanent law limit of 6.85 percent, is next scheduled to expire at the end of 2019. The added tax generates roughly $4.5 billion a year, about 9 percent of net personal income tax revenues, making New York more dependent than ever on the highest-earning one percent of its taxpayers.

The future of the tax has now emerged as an issue in the gubernatorial campaign.

To control school taxes, rein in compensation Daily Gazette Editorial

A combination of decades of free-wheeling generosity by local school boards, pressure to increase teacher pay from politically powerful unions, and state laws and policies that make it impossible for districts to rein in spending has gotten New York to the point where it spends more per student and offers the highest teacher salaries of any other state in the country.
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