After , personal income growth matched or exceeded national averages in most parts of New York State in 2019, according to the from the federal Commerce Department's Bureau of Economic Analysis (BEA). The 2019 income rebound was most pronounced i Read More
In light of the state government’s “extremely precarious financial position,” New York’s state lawmakers, judges, statewide elected officials and certain gubernatorial appointees should not receive pay raises i Read More
Coronavirus infections are again rising in New York's nursing homes, a sign that blanket testing, tight limits on visitors and other precautions have not fully isolated their acutely vulnerable residents from condition Read More
New York State's tax receipts in the current fiscal year will exceed Governor Cuomo's latest projections by $3.8 billion—still down from last year, but a big improvement over the governor's worst-case scenario—according to updated estimates from state Comptroller Thomas DiNapoli's office. Read More
With the national election results still unclear, Governor Cuomo can no longer put off tough decisions on how to balance New York's pandemic-ravaged state budget. Read More
After months of waiting for a federal coronavirus stimulus bailout that never materialized, Gov. Cuomo has staked the future stability of New York’s public finances on the outcome of this year’s election. Read More
For the first time since taking office 10 years ago, Governor Cuomo has met the statutory deadline for producing a Mid-Year Financial Plan Update. As in most previous years, however, the report actually "updates" very little, raising as many questions as it answers. Read More
New York State's unemployment rate has fallen sharply since the economically devastating pandemic lockdown last spring. But as state Comptroller Thomas DiNapoli points out in his latest economic report, the jobless rate doesn't tell the whole story. Read More