The enactment of New York’s local property tax cap has touched off a valuable ongoing debate on the role of state mandates in pushing up county, municipal and school costs. However, while local officials can make a compelling case for repeal of mandates like the Triborough amendment, they shouldn’t be let off the hook when it comes to self-inflicted wounds. Read More
City governments throughout New York “are stressed and have to work hard to keep their fiscal houses in order,” says a new report from the office of state Comptroller Thomas DiNapoli. Read More
New Yorkers will be hit with $1.7 billion in new federal taxes on private health insurance under the Affordable Care Act in 2014, the Conference of Blue Cross and Blue Shields estimates in this new report. Read More
In his fourth annual State of the State message tomorrow, Governor Andrew Cuomo will (naturally) seek to highlight the most positive aspects of New York’s economic performance under his leadership. Read More
Adding a fresh chapter to the seemingly never-ending saga of government excess and regulatory insanity, New York’s state Labor Department reportedly will use federal emergency funds to pay $51.71 an hour to temporary workers hired to clean up Poughkeepsie’s Fallkill Creek Read More
Employee compensation in the state and local government sector increased at twice the private-sector rate during the 12 months ending in December, according to national data released todayby the federal Bureau of Labor Statistics. Read More
New York’s rising unemployment rate is “presenting a challenge for Gov. Andrew M. Cuomo as he tries to build an image as a fiscal centrist who can transform the state’s business climate,” today’s New York Times reports. Read More
Job growth in New York over the past year fell below the national rate for the first time since the recession, Comptroller Thomnas DiNapoli points out in a report issued today. Read More