Month: May 2021
Thanks mainly to a pandemic-driven boost in its already high outflows to other states, New York has just suffered its largest single-year population loss ever—and the worst, in percentage terms, of any state in the p Read More
New York taxpayers have been hit with enormous increases in pension costs for state and local government employees over the past 20 years. From less than $1 billion in 2000, combined annual employer contributions to the Empire State’s public pension funds escalated to nearly $10 billion by 2010, peaking at nearly $17 billion in 2015. Contributions have leveled off at roughly $16 billion in recent years—but under lenient government accounting standards, even that figure conceals the full long-term cost of generous, locked-in pension benefits for generations of retired government employees. Read More
New Yorkers should be on high alert in the wake of a new study issued last month concerning the ambitious climate law signed by then-Gov. Andrew Cuomo in July 2019 that mandates goals and timetables for the state’s transition from fossil fuels to r Read More
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