Month: November 2019

Residents of the Mid-Hudson village of Liberty had the highest effective property tax rate in New York (outside New York City and Nassau) during fiscal year 2019, according to the newest edition of Benchmarking NY, the Empire Center’s annual examination of local property taxes. Read More

The remarkable thing about state's multi-billion-dollar Medicaid crisis is that it is almost entirely the result of the Cuomo administration's own actions. There is no economic downturn or change in federal policy that explains the program's current $4 billion deficit, or its $3 billion projected gap in the next fiscal year, as confirmed in Friday's mid-year update to the state financial plan. Read More

Governor Andrew Cuomo’s regulatory attack on National Grid’s Long Island gas moratorium threatens to have broader negative financial effects on all of the state’s investor-owned utilities—with implications for the overall business climate as well. Read More

Let's start with Medicaid. In March, with Medicaid spending running far over budget, the governor quietly delayed into April a $2 billion payment due to providers. April is the start of the new fiscal year, so the move technically kept Medicaid spending under the cap that he'd instituted. The maneuver was discovered only a few months later, when sharp-eyed journalist Bill Hammond found a line about the payment delay in a budget document. Read More