The state Public Service Commission has quietly reduced the amount of renewable energy that utilities will have to purchase next year by 94 percent. Read More
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Governor Cuomo reportedly has not ruled out an extension of New York's "millionaire tax"—a supposedly temporary added bracket that effectively adds 29 percent to the personal income tax of individuals earning at least $1 million or joint-filing couples earning $2 million. Read More
New York City's move over the next three years to a $15-an-hour minimum wage—the highest ever, after adjusting for inflation—will take the city into uncharted territory, fraught with risks and trade-offs for workers and businesses. Read More
New York State’s tax revenues have fallen more than $1 billion behind projections since the current state budget was adopted eight months ago. When the fiscal year starts April 1, it’ll be staring into the gaping maw of at least a $689 million shortfall. Under the circumstances, a new corporate-tax giveaway is the last thing Albany needs. Read More
Governor Andrew Cuomo has signed a bill that marks the most substantial improvement to the Freedom of Information Law in years, limiting the amount of time that public entities can stall a FOIL request after a judge has ordered the release of public records. Read More
For most of the past year and a half, Gov. Cuomo has sought to make the 421-a affordable housing program both less effective and more wasteful, by mandating the use of higher-priced unionized construction workers on 421-a projects. Read More
New York, in recent budget years, has been flush with surpluses -- extra money that has allowed for new spending on schools and economic development. But those days of easy spending may be coming to an end. "There's been a steady decline in personal income tax receipts relative to what was projected at the start of the fiscal year," said Empire Center President EJ McMahon. Read More
New York State fell a little further off the national pace of private-sector job creation in October, based on a comparison of preliminary year-to-year estimates updated today by the state Labor Department. Read More