For an excellent dissection of how the federal Affordable Care Act will initially affect New York, see this article in yesterday’s New York Post by the Manhattan Institute’s Paul Howard and Yevgeniy Feyman. Read More
Month: March 2013
Working added overtime to increase retirement benefits—i.e., pension padding or “spiking”—is an old tradition in the public sector, especially among police officers, firefighters and other employees working under contracts that provide them with ample overtime opportunities. Read More
New Yorkers will be hit with $1.7 billion in new federal taxes on private health insurance under the Affordable Care Act in 2014, the Conference of Blue Cross and Blue Shields estimates in this new report. Read More
Job growth in New York over the past year fell below the national rate for the first time since the recession, Comptroller Thomnas DiNapoli points out in a report issued today. Read More
Unlike state Comptroller Tom DiNapoli, who says he’s still thinking it over, one upstate local official has already concluded that Governor Cuomo’s local government pension smoothingproposal would be a bad deal. Read More
In lieu of actual mandate relief, Governor Cuomo wants to make a seemingly irresistible offer to local governments. Read More
The White House says that if an automatic budgetsequester is triggered in Washington later this week, New York ultimately will lose $275 million in federal aid. Read More
The one promising new wrinkle in the upstate economic development plan unveiled today by Governor Andrew Cuomo is the offer of full (if impermanent) exemptions from state business and personal income taxes, as well as sales taxes, to firms that expand into designated Tax Free Zones at colleges, universities and “strategically located state-owned” properties. Read More