The agreed-upon Tier 6 bill restores much of the benefit reduction originally proposed by Governor Cuomo–especially for career employees. Read More
Category: Blog
The New York State Professional Firefighters Association (PFFA) was not at all pleased by the Empire Center’s news release last week highlighting the generous pensions of recently retired local police and firefighters. Read More
For taxpayers in New York State’s top personal income tax bracket, the new federal tax law will drive the combined federal and state marginal tax rate to within a percentage point of 50 percent, its highest level in 27 years. Read More
As argued in previous posts on this blog, Cuomo actually squandered a golden opportunity to deliver much more meaningful reform of the 39-year-old, repeatedly renewed but still temporary statute that has done much to drive police and firefighter compensation through the roof in New York. Read More
Federal Medicaid reimbursements to New York State could be cut by $1 billion a year to make up for more than two decades of excessive claims that one congressman compared to “fraud.” Read More
Governor Cuomo today signed a bill imposing a 2 percent cap on increases in property tax assessments the “base agricultural assessment value” for farms. Read More
State regulations to allow natural gas hydrofracking in New York’sdepressed Southern Tier region are being held up by Governor Cuomo, who says he wants more study of the health effects of fracking. Read More
Carl Schramm, entrepreneurially minded economist and professor at Syracuse University, worries that “economic amnesia” may hinder the long-term recovery prospects of Syracuse — and, by implication, other once-dynamic upstate cities. Read More
