Warren Buffett had this to say before Washington’s Financial Crisis Inquiry Commission yesterday (via Bloomberg) about the debt of state and local governments: “There will be a terrible problem and then the question becomes will the federal government help. … It’s a bet on how the federal government will act over time.”
Warren Buffett had this to say before Washington’s Financial Crisis Inquiry Commission yesterday (via Bloomberg) about the debt of state and local governments: “There will be a terrible problem and then the question becomes will the federal government help… It’s a bet on how the federal government will act over time.”
You may also like
Feds Move To Close Medicaid’s ‘MCO Tax’ Loophole, Spelling Trouble for New York
New York's budget has sprung its first major leak just five days after being finalized by Governor Hochul and the Legislature.
On Tuesday, federal officials announced a that would Read More
Highlights of Albany’s Bloated and Belated Budget
The state Legislature approved the last of nine budget bills Thursday evening, 38 days after the start of the fiscal year. Here are some highlights of the fiscal impact of final spending plan:
Top lines
Read More
Unforeseen Consequences
We acknowledge that the impact of these measures will be determined by their scope, implementation timeline, pace, and advancements in technology, infrastructure, and market dynamics.
Read More
Forcing Homes to Switch to Electric Heat is not a Good Policy
New York has some of the most ambitious climate goals in the country: electric school buses by 2035, zero emissions electricity by 2040, etc. Why New Yorkers, who already consume less energy per capita than any state (other than Rhode Island), s Read More
How Medicaid ‘Expansion’ Changes Could Affect New York
As House Republicans consider cutbacks to federal Medicaid funding, their focus has turned to the so-called expansion population.
Although the details of remain undetermined, the s Read More
How Albany Could Save Millions by Closing a Medicaid Loophole
A glitch in state insurance law is allowing doctors to collect Medicaid fees that are sometimes hundreds of times higher than the program normally pays, costing taxpayers millions of dollars a year.
Read More
After Tariff Shock, Albany Should Face its New Fiscal Reality
This year, for once, state lawmakers' failure to pass a timely budget could prove to be a stroke of luck.
When President Trump rolled out his on April 2, Albany leaders had not agreed on a spending plan for the f Read More
New York’s Home Health Workforce Jumps by Another 10 Percent
New York's home health employment is continuing to soar, growing by 57,000 jobs or 10 percent from 2023 to 2024, according to newly released data from the U.S. Bureau of Labor Statistics.
Read More