With the economy improving, New York’s “domestic migration” loss has jumped back to pre-recession levels—pushing the Empire State to fourth place, behind Florida, in national population rankings. Read More
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As the national economy improved between mid-2013 and 2014, the movement of New Yorkers to other states surged back to pre-recession levels. Read More
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The 2015 budget adopted today by the board of the state Thruway Authority was slightly revised from the proposed version but continues to assume rising tolls through 2018. Read More
A bill expanding the share of New York public pension funds that can be invested in complex, high-risk alternative assets such as private equity and hedge funds has been vetoed by Governor Andrew Cuomo. Read More
Governor Andrew Cuomo's decision to ban high-volume hydraulic fracturing in New York State is a huge blow to the fragile and declining economy of the Southern Tier. Read More
New York continued to impose one of nation's highest state and local tax burdens relative to income during fiscal 2012, according to data released today by the US Census Bureau. Read More
Governor Andrew Cuomo last week announced a new "Innovation Venture Capital Fund" to invest up to $50 million in public funds into start-up companies. Meanwhile, the state’s existing venture fund, known as Innovate NY, is the subject of a federal audit focused on a firm whose managing director was named by Cuomo to his 2010 gubernatorial transition team and to a regional economic development council. Read More