E.J. McMahon

Founding Senior Fellow

Edmund J. McMahon was the Empire Center’s founding senior fellow.

McMahon’s writing and research has focused on improving New York’s economic competitiveness and promoting greater transparency, accountability and fiscal responsibility in state and local government. He has authored or co-authored major studies on public pension reform, collective bargaining, population migration, budget trends and tax policy in New York. His influential “Blueprint for a Better Budget,” published in January 2010, featured a number of recommendations subsequently implemented under Governors David Paterson and Andrew Cuomo. McMahon also was a leading advocate of an across-the-board cap on property taxes in New York before it was enacted at Governor Cuomo’s initiative in 2011.

McMahon has published numerous articles and essays in publications including the Wall Street JournalThe New York TimesBarron’s, the Public Interest, the New York Post, the New York Daily NewsNewsday and the Manhattan Institute’s City Journal. His frequent radio and TV interviews have included appearances on CNBC, Fox News Channel and Bloomberg News, as well as on regional cable and broadcast outlets throughout New York State.

McMahon’s professional background includes nearly 30 years as an Albany-based analyst and close observer of New York State government. As chief fiscal advisor to the Assembly Republican Conference in the early 1990s, he drafted a personal income tax reform plan that would become the basis for historic tax cuts enacted under Governor George E. Pataki. Previously, as research director of the Public Policy Institute, he worked on the Institute’s counter-budget proposals and developed the template for New York’s school report cards. He also served as a deputy commissioner in the state Department of Taxation and Finance and as a vice chancellor of the State University of New York.

McMahon is an adjunct fellow at the Manhattan Institute for Policy Research, which he joined in June 2000. In January 2005, he opened the Institute’s Albany-based Empire Center project, which became an independent nonprofit think tank in 2013. He was the Empire Center’s founding president and became research director in the fall of 2016.

Earlier in his career, he was a staff writer and columnist for the Albany Times Union and The Knickerbocker News.

McMahon is a graduate of Villanova University.

Latest Work

Both houses of the New York State Legislature have now approved a bill expanding the share of public pension funds that can be invested in complex, high-risk alternative assets such as private equity and hedge funds. Read More

New York’s public pension funds will have the green light to significantly increase their asset allocations to “alternative investments,” such as private equity and hedge funds, under a bill that looks greased for passage in both houses of the state Legislature. Read More

The Thruway Authority still hasn't revealed its plan for financing the new Tappan Zee bridge, but a state revolving loan fund for clean water projects will help prime the pump. Read More

Skyrocketing public-pension obligations have generated concern across the country, especially in the wake of high-profile bankruptcies of Detroit and Stockton, Calif. In New York, an even larger burden looms in the form of lifetime health-insurance coverage promised to state and local government employees. Yet at least one house of the Legislature is considering a bill that would effectively prevent any effort to reduce this unaffordable debt. Read More

New York's economy grew more slowly than those of all but four other states in 2013, the latest federal data show. The real GDP numbers are consistent with job-creation data, which also show the Empire State to be lagging well behind the U.S. as a whole. Read More

"How to Build a $3.4 Billion Bridge in Record Time" is the title of a scheduled discussion featuring Howard P. Milstein, chairman of the state Thruway Authority, at an upcoming Crain's NY forum on infrastructure issues. In fact, work on the New NY Bridge is still in the pile-driving stages, and no one can say whether even the first of the two spans will be completed on schedule in two years, much less whether the whole thing will come in on budget. Read More

Mayor Bill de Blasio's 9-year contract agreement with the United Federation of Teachers, including a pair of 4 percent base-salary increases retroactive to the fall of 2008, will cost so much that he wants to defer some of the expense all the way out to the end of the decade. Read More