Latest

Gov. Andrew Cuomo’s response to the Empire State’s big Medicaid deficit, as laid out in his budget presentation on Tuesday, was a disappointing mix of delay, deflection and delegation. Read More

This year marks the 90th anniversary of New York State’s first Executive Budget, presented by Governor Franklin D. Roosevelt in January 1929. Constitutional amendments establishing the Executive Budget process had been approved by New York voters in November 1927, capping a more than decade-long bipartisan effort to bring order to what had been a shambolic and fiscally profligate legislative budget process. Read More

Governor Andrew Cuomo and legislative leaders have reached a deal allowing striking workers to collect unemployment insurance benefits after three weeks, a big gift to private-sector labor unions that would further discourage companies from hiring and investing here. Read More

The Tax Cut and Jobs Act (TCJA) was signed into law by President Trump in December 2017. Most New Yorkers pay less in taxes under the new law, thanks to the near doubling of federal standard deductions, cuts in tax rates, a narrowing of the Alternati Read More

Thanks to a strong third quarter, New York's state tax receipts through December were running $1.3 billion ahead of projections for the fiscal year that ends March 31, according to the latest monthly cash report from state Comptroller Thomas DiNapoli. Read More