New York ranks 50th — meaning “worst” — in the Tax Foundation’s 2013 State Business Tax Index, released today. The Empire State’s ranking tumbled back to last place after climbing all the way up to number 48 in the 2011 Index. Read More
Category: Blog
While voters across New York go to polls to determine the fate of proposed school district budgets, the Census Bureau has just released its annual breakdown of public school spending. Read More
A full package of basic welfare benefits in New York State is now worth $38,004 — seventh highest among those offered by the 50 states and the District of Columbia, according to The Work vs. Welfare Trade-Off, a study released today by the Cato Institute. Read More
In line with New York’s motto — “Excelsior” — the state assumes its tax receipts are headed ever upward. Late last week, Governor Cuomo and legislative leaders announced they had agreed to a consensus forecast adding $200 million to the combined receipts... Read More
The combined state and local tax burden on New York residents in 2010, the year before Governor Andrew Cuomo took office, reached its highest level since 1994, the last year his father held the same office, as measured by data released today by the Tax Foundation... Read More
New York’s economy grew at barely half the rate for all 50 states in 2012, according to newly released federal data. The Empire State’s share of real Gross Domestic Product (GDP) was up 1.3 percent last year, compared to 2.5 percent for all states (and 1.5 percent for the northeast as a whole). Read More
New York State added private jobs at a slower pace than the nation as a whole during the 12-month period ending in January, according to data released today by the state Labor Department. Read More
So, in the end, the state’s pension guardian caved, after all. To his credit, Comptroller Thomas DiNapoli did not embrace Governor Cuomo’s dubious proposal to allow localities to massively underpay pension contributions to the New York State and Local Retirement System... Read More