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Apparently looking to make a big splash with a pre-budget rollout of downstate infrastructure initiatives, Governor Andrew Cuomo aimed for the biggest body of water he could find: the Long Island Sound. The "2016 agenda" Cuomo unveiled before the Long Island Association today included revived plans for a third track on the main line of the Long Island Railroad, improvements to regional airports and other development projects. But the governor couldn't resist capping off the agenda with a real attention-getter: a $5 million feasibility study of "a tunnel connecting Long Island to either the Bronx, Westchester County or Connecticut." Read More

The collapse of Health Republic Insurance of New York, a non-profit insurance co-op established under Obamacare, can be blamed largely on “an apparent breakdown in state oversight,” concludes a report released today by the Empire Center. The report says the state Department of Financial Services (DFS) should loosen its regulatory control of insurance premiums and refocus on the financial soundness of insurance companies. 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