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Budget deficit? What budget deficit? With today’s pending recommendation from the Board of Regents, New York's education establishment is united in proposing that state aid to America's best-funded preK-12 public school system be increased next year by at least $2 billion. The figure is nearly double the amount projected in Governor Cuomo's financial plan—which showed the state is running deeply in the red and facing its largest budget shortfall since the Great Recession. Read More

The Cuomo administration recently revealed that New York’s Medicaid program is running over budget by an astonishing 16 percent, or $4 billion, even though enrollment is flat and medical inflation is at historic lows. This seemingly out-of-nowhere spending spike has triggered the Empire State’s worst fiscal crisis since the Great Recession. It raises an awkward question for fans of single-payer health care in Albany: If state government can’t properly manage the fraction of the health-care system it already controls, why should it be trusted to take over the whole thing? Read More

The Cuomo administration has issued a remarkably flimsy, misleading and superficial analysis of the minimum wage increases enacted by New York State since 2013. Read More

Residents of the Mid-Hudson village of Liberty had the highest effective property tax rate in New York (outside New York City and Nassau) during fiscal year 2019, according to the newest edition of Benchmarking NY, the Empire Center’s annual examination of local property taxes. Read More

The remarkable thing about state's multi-billion-dollar Medicaid crisis is that it is almost entirely the result of the Cuomo administration's own actions. There is no economic downturn or change in federal policy that explains the program's current $4 billion deficit, or its $3 billion projected gap in the next fiscal year, as confirmed in Friday's mid-year update to the state financial plan. Read More

Thanks to Medicaid over-spending, New York’s state budget gaps have blown up to their highest levels since the Great Recession. Read More