New York's new state budget includes the biggest permanent "middle class" income tax cut in 20 years. Gov. Cuomo and the Legislature can pay for it by restraining spending and enacting more tax reform. [Read_more]
Gov. Andrew Cuomo's guest commentary on his proposed minimum wage increase was filled with the sort of misinformation and half-truths that have propelled the "fight for $15" for months now. [Read_more]
Gov. Andrew Cuomo's campaign for a statewide $15-an-hour minimum wage is based on the assertion that "no one who works a full-time job should be forced to live in poverty."
Few would disagree. But here's the thing: No one who works a full-time job in New York has to live in poverty — thanks largely to a program pioneered at the state level by the governor's father. [Read_more]
In his combined State of the State and budget message last week, Gov. Cuomo officially unveiled $100 billion in “transformative" infrastructure projects — enough to “make Governor [Nelson] Rockefeller jealous.”
That wouldn’t be easy, even if it were desirable.
To finance a 15-year building binge that included most of the State University system — not to mention countless other capital projects capped by Albany’s monstrously modernist Empire State Plaza — New York’s legendary Republican governor from 1959 to 1973 quintupled state debt.
Cuomo clearly hopes his plans will be perceived as Rockefeller-esque in scope. So how does he plan to pay for it all?
The rapid rise and costly fall of Health Republic Insurance of New York, the largest nonprofit health insurance “co-op” established under President Obama’s Affordable Care Act, is a cautionary tale. [Read_more]
Budget deficits papered over with borrowed money and fiscal gimmicks. Unaffordable union contracts. Pension contributions “amortized” into the future. Retiree health benefits promised but unfunded. Corruption probes and whiffs of scandal. Accountability blurred, responsibility shirked, and hard decisions avoided again and again.
That litany could describe any number of old, declining American cities—including a few that, like Detroit, actually went broke. But the same dysfunction exists in affluent corners of New York’s archetypal suburb: Long Island [Read_more]