Legislative leaders are proposing an additional $4 billion tax on health insurance plans in the upcoming state budget – but withholding specifics of how it would work. Read More
Tag: Taxes and Spending
Presenting her budget this week in Albany, Gov. Kathy Hochul delivered more than just a financial plan. She gave the state a refreshing dose of fiscal honesty. “The truth is,” Hochul said, “we can’t spend like there’s no tomorrow, becaus Read More
The influx of foreign migrants to New York could cost the state $4.5 billion more than expected next year, Governor Hochul today warned. Read More
New York’s outyear budget gaps, the shortfall between planned state expenses and state tax receipts over the next three years, has exploded to more than $36 billion, just-released documents show. Read More
Public elementary and secondary school spending in New York rose to $26,571 per pupil in 2020-21, according to the latest Census Bureau data Read More
New York school districts are getting record levels of state aid. But how many are using it to cut taxes? Read More
New York school districts holding budget referendums next week plan to spend an average of $31,929 per student, according to a new analysis from the Empire Center. Read More
State lawmakers have begun passing the bills necessary to implement the state budget for the fiscal year that began April 1. Read More