Fifty-seven of New York’s 62 counties lost more residents to other parts of the state or the nation than they gained between 2010 and 2012, according to newly released U.S. Census estimates. Eleven of those counties might be described as demographically dying Read More
The just-enacted federal tax increase will fall heavily on high-income New Yorkers – but will take a much smaller bite out of the Empire State’s tax base than President Barack Obama had been seeking... Read More
New York’s heavily tax-subsidized healthcare sector also can function as a patronage trough for the politicians who do so much to fund it, as we’re reminded by this article in today’s New York Times. Read More
State Comptroller Thomas P. DiNapoli is out today with a new report on New York State’s public authorities. He counts 1,169 of them, including 324 on the state level, 837 local authorities and eight “Interstate/International.” Read More
The left-of-center Fiscal Policy Institute (FPI) was absolutely wrong in pushing to raise New York’s minimum wage — but absolutely right about the problems with the state “minimum wage reimbursement credit.” Bad policy begets more bad policy (so, FPI guys, you ultimately have yourselves to blame!). Read More
New York’s economy grew at barely half the rate for all 50 states in 2012, according to newly released federal data. The Empire State’s share of real Gross Domestic Product (GDP) was up 1.3 percent last year, compared to 2.5 percent for all states (and 1.5 percent for the northeast as a whole). Read More
New York’s new “stable option” pension gimmick for local governments and school districts is “a stopgap with long-term risks,” Moody’s Investor Service warned this week. Read More
The Tax Foundation has posted a nifty interactive map depicting “Migration of Personal Income” among the states. Based on Internal Revenue Service (IRS) data, the foundation says net migration from New York between 2000 and 2010 translated into a net loss of $45.6 billion of income. Read More