Retirees' benefits are the fastest-growing part of overall health-coverage costs for New York state and local government. They're already nearly 40 percent of the state's employee-health budget, and they'll consume more than a third of the roughly $3.5 billion New York City will spend on health benefits this year. Read More
Nearly a month after passing the state budget, the state Legislature finally got around to disclosing important details of nearly $150 million in pork-barrel "member item" allocations last week. Read More
School districts across New York State will increase their per-pupil spending next year by nearly one and a half times the current rate of inflation -- despite falling real estate values and clear signs of an economic slowdown -- according to an analysis issued today by the Empire Center for Public Policy. Read More
Despite the challenge of teaching in an urban school district, Buffalo teachers don’t have to wear their stress on their faces. Their new health benefit package covers cosmetic surgery, courtesy of taxpayers. Read More
Calibrated to the state Senate’s estimate of $135.2 billion in all funds spending under the enacted New York State budget for the 2013-14 fiscal year, the Empire Center’s “Spend-O-Meter” spins at the following rates... Read More
Spitzer’s expansion of education funding and restructuring of the school aid formula may be his most important legacy. Unfortunately, C4E has been seriously hobbled by flaws in its assumptions about the mechanisms of reform, by misguided beliefs about “what works” in achieving excellence, and by a compressed timeline for adoption and implementation. Read More
Contracts for Excellence (C4E), the centerpiece of former Governor Eliot Spitzer’s reform agenda for New York state schools in 2007, “could now more accurately stand for Commitments for Expenditures” because of the program’s emphasis on educational inputs over educational outcomes, says a Policy Briefing issued today by the Empire Center for Public Policy. Read More
After fending off a federal tax hike last year, private equity and hedge funds have been mostly immune from the ongoing carnage on Wall Street. That makes them a bigger target than ever for revenue-hungry politicians and interest groups on the state and local level. Read More