The U.S. Environmental Protection Agency has just eliminated a substantial "scientific uncertainty" cited in support of New York State's ban on hydraulic fracturing, or fracking, of deep-underground natural gas deposits. Read More
Category: Blog
Spending by New York State's public schools averaged $19,818 per pupil in 2012-13 — once again topping the nation — according to new data released today by the U.S. Census Bureau. The gap between school spending in New York and the U.S. average continued to get wider in 2012-13—reaching 85 percent, up from 63 percent in 2005-06. Read More
The Republican-controlled state Senate Civil Service and Pension Committee today approved a bill (S.3320) that would lock-in tens of billions of dollars in unfunded healthcare liabilities for state and local government retirees. Read More
Almost three-fourths of New Yorkers agree that the property tax cap "has accomplished what was intended" and "should be continued," according to a Siena Research Institute poll released this morning. But support climbs even higher when respondents in New York City—which was not affected by the property tax cap law—are excluded. Read More
New York State's largest public pension fund earned 7.16 percent — short of its 7.5 percent target — during the fiscal year ending March 31, state Comptroller Thomas DiNapoli announced today. The $183.5 billion Common Retirement Fund, of which DiNapoli is sole trustee, had previously announced a first-quarter gain of 3.8 percent, a second-quarter loss of 0.52 percent and a third-quarter gain of 1.91 percent. Read More
Eighteen school districts sought to override the state's property tax cap in yesterday's school budget votes—the fewest attempts since the tax cap was enacted. Seven of those districts failed to win the 60 percent supermajority required to override the cap. Read More
The state Senate's Republican majority is standing behind its pledge to make New York's property tax cap permanent. Read More
New York State's economic development agency spent more than $200 million to advertise its programs without attempting to measure whether the ads produced results, according to an audit by state Comptroller Tom DiNapoli. Read More