Plenty of unintended consequences, positive and negative, will be lurking in the fine print of the tax-reform bill unveiled Thursday by House Republicans. But it’s already clear the plan would clobber Albany’s favorite cash cow: the seven-figure earners who generate more than 40 percent of the state income tax. Read More
Month: April 2017
Until a few months ago, Governor Cuomo could boast of producing an "on-time budget" in each of his first six years in office. But he also continues to steadily build on another kind of record: for a seventh consecutive year, he has now missed the statutory deadline for issuing the state's Mid-Year Financial Plan Update. Read More
“There should be a way to make this happen without giving away the store,” said E.J. McMahon, research director of the Empire Center for Public Policy, an Albany think tank that advocates for smart-government and free-market policies. Read More
Governor Andrew Cuomo today staged a public joint conference-call with California Governor Jerry Brown to discuss the impact on their respective states of a proposal to eliminate the state and local tax deduction (SALT on federal income taxes. Read More
The September cash report from the state comptroller's office—an important indicator of New York's fiscal health at the halfway mark of the fiscal year—highlights growing budgetary worries for Governor Cuomo and (ultimately) the Legislature. The report showed that total state tax receipts through September 30 had come in $387 million below the level projected for that period in the First Quarterly Update issued in July—which itself reflected a $1.6 billion downward adjustment from the cash flow projection in the Executive Budget presented by Cuomo in January. Read More
Vice President Pence visited western New York to tout a federal tax reform plan that could still end up saving less for Buffalo area taxpayers than their counterparts elsewhere in the country. Read More
New city payroll data the Empire Center for Public Policy compiled shows the city’s total pay to school workers increased to $10.73 billion for the 2016-17 school year. That’s up from $10.18 billion the year before. Read More
Twenty-three percent of public school teachers and administrators in New York school districts outside New York City were paid more than $100,000 during the 2016-17 school year, according to data added today to SeeThroughNY, the Empire Center’s transparency website. Read More
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