New York's 2 percent local property tax levy cap has passed another important legal test, prevailing in the state's mid-level appeals court over a constitutional challenge from the state's largest teachers' union. Read More
Category: Blog
Governor Cuomo’s $15 minimum wage plan will cost the state’s Medicaid program more than $100 million over the next two years, according to figures in a budget analysis released Wednesday by state Comptroller Tom DiNapoli. Read More
Whether they know it or not, New York State taxpayers are locked in a high-stakes partnership with a billionaire whose high-tech business empire has been "fueled by his voracious appetite for risk and unyielding confidence." Read More
"Southern Tier Soaring" is the slogan Governor Andrew Cuomo has assigned to his job-creation program for the most economically troubled region of upstate New York. Better make that "Southern Tier Sinking (Further)." Read More
Among the nation's four most populous states, New York is better prepared than California to weather the next recession—but not as well-prepared as Florida and Texas, according to fiscal stress test results from Moody's Investor Service. Read More
The rate of private sector job creation in major upstate metro areas remained very low during the 12-month period ending in March, according to the latest state labor statistics. Read More
Now that the state has enacted its biggest personal income tax cut since the mid-1990s, a prime task facing Governor Andrew Cuomo and the Legislature next year will be figuring out how to accommodate the tax cut in future budgets. Read More
The new state budget will fund a 35 percent expansion of a murky $1.1 billion pork-barrel slush fund controlled by Governor Andrew Cuomo and state lawmakers. Read More