Maximum eligible pension benefits for retirees of the New York City Employees Retirement System (NYCERS) increased by $135 million in 2019 over the previous year, even though some payments to retired corrections officers were left out of the data for the first time, according to data posted today at SeeThroughNY.net, the Empire Center’s transparency website. Read More
Looking ahead, state officials must begin now to take seven essential steps for promoting the recovery and renewal of New York’s economy. Read More
The Cuomo administration has gotten around to sharing detailed estimates of the pandemic's impact on the state budget enacted almost a month ago—but the latest update from the Division of the Budget (DOB) raises about as many questions as it answers. Read More
In a sign of pandemic-related strain on state finances, the Cuomo administration is postponing a series of multi-billion-dollar Medicaid payments over the next three months. Read More
#NYCoronavirus: New York State United Teachers (NYSUT) has a $1 trillion list of federal stimulus funding proposals—with specifics that illustrate both the union’s thirst for taxpayer money and its desire to influence public policy well beyond the classroom walls. Read More
With the coronavirus pandemic hitting some parts of New York much harder than others, Governor Cuomo has signaled that he will begin to relax shutdown restrictions in low-virus parts of the state. Here's a closer look at how infection and fatality rates vary from region to region. Read More
#NYCoronavirus: While Governor Cuomo continues to press for a bigger all-purpose federal bailout of the coronavirus-clobbered state budget, New York State already has reaped $5.5 billion in added federal aid from two emergency stimulus bills enacted by Congress last month, according to a report issued today by state Comptroller Thomas DiNapoli's office. Read More
With the coronavirus lockdown continuing to erode tax revenues, Gov. Andrew Cuomo has turned up the volume on his demands for a federal bailout of the New York state budget. In a weekend briefing, the governor repeated his estimate that the Empire State will need help closing a deficit of $10 billion to $15 billion. “I don’t have any funding to do what I normally do,” he said. Read More