Governor Pataki and legislative Republicans are pushing for a major expansion of the STAR (School Tax Relief) program in response to growing concern about skyrocketing school property taxes. But as explained in this new by the Read More
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When premium increases are capped, insurance companies tend to seek rate increases closer to the limit. Tighter regulation of premiums could undermine the profitability of a company whose financial health the state is banking on to finance health care programs. The focus should be on health insurance regulations that drive up rates. Read More
With its emphasis on reducing dependency and putting people to work, the historic federal welfare reform of 1996 produced spectacular results in New York and across the country. In the past decade, welfare caseloads across the Empire State have dropped 60 percent, and the child poverty rate in the state has decreased 20 percent. Read More
Your Feb. 28 editorial on the impact of California's celebrity-backed tax hikes ("Meathead Economics") certainly struck a chord with anyone monitoring the trends here in the Empire State. Read More
The following is the text of a letter to the editor published March 11 in the Schenectady Daily Gazette: New York State's failure to adjust its personal income tax structure for inflation has, indeed, increased the tax burden on m Read More
New York State created new private sector jobs at a little more than half the national pace last year, according to newly released statistics from the state Department of Labor (DOL). The of revised annual averages shows the state gain Read More
New York State's 2006-07 Executive Budget would kick off a new round of personal income, business and estate tax reductions worth more than $3 billion annually when fully implemented over the next three years. But the cuts are coupled with more than $1 billion in proposed tax and fee increases that would take effect sooner. Read More
Even if the Legislature doesn't add to Governor George Pataki's budget proposal, the state spending increase during his final term will be the largest since Mario Cuomo's second term in the late 1980s, according to the Empire Center's overview of the 2006-07 Executive Budget. After adjusting for a shift of aid payments between the current fiscal year and the coming year, the Empire Center report estimates the governor's proposed state funds spending increase for fiscal 2006-07 comes to just over 7 percent, or two and a half times the projected inflation rate. Assuming this figure holds, the total State Funds budget increase since fiscal 2002-03 will be 28 percent, or double the inflation rate, the report says. Read More