In his fourth annual State of the State message tomorrow, Governor Andrew Cuomo will (naturally) seek to highlight the most positive aspects of New York’s economic performance under his leadership. Read More
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Newly released Census estimates show New York is still the nation’s third most populous state, barely ahead of Florida. Read More
When Gov. Cuomo won passage of what he described as a “historic” and “transformational” budget early in his tenure, one of the key details he touted was the enactment of a permanent state law capping annual increases in school aid to the rate of growth in personal income. Read More
Unfortunately, Mr. Cuomo so far has been unwilling to combine the tax cap with meaningful local-mandate relief, especially public-sector collective-bargaining reforms that would give county executives, mayors and school boards more tools to live within the cap. Read More
New York’s monthly employment data continue to show a striking regional divergence in job-creation trends. According to today’s Labor Department report, as of November, year-to-year statewide private sector employment growth in New York slightly trailed the national average — with the economic weakness concentrated in upstate New York. Read More
Based on inflation trends through the first 11 months of 2013, it looks like the starting point for property tax levy caps affecting 2014-15 school budgets across New York will be lower than 2 percent. Read More
A bill implementing a larger New York City income tax hike than the one proposed by Mayor-elect Bill de Blasio has been introduced in the Legislature by state Sen.Adriano Espaillat, a Democrat representing upper Manhattan and the Bronx. Read More
New York’s State Environmental Quality Review (SEQR) process needs to be reformed to reduce costly delays in the process for approving development projects, according to a report released today by the Empire Center for Public Policy. “SEQR adds an unnecessary layer of red tape to environmental regulations and local land-use laws, discouraging development that New York needs to promote a strong and growing economy,” said E.J. McMahon, president of the Empire Center, who co-authored the report with Michael Wright, a senior policy analyst at the Albany-based policy research organization. Read More