Financial disclosure filings made public yesterday have revealed that Governor Andrew Cuomo has a net worth of at least $1.75 million. But in one sense, that doesn’t actually make him unusual among New York government employees at his level of education and experience. Read More
For a second straight year, Governor Andrew Cuomo has fallen behind the schedule for releasing the required quarterly update to the state financial plan. And for a second straight year, the governor can’t come up with a persuasive reason for the delay. Read More
For a second time, Governor Cuomo has vetoed a bill that would require the state to reimburse New York City for retiree health benefits paid to former employees of the bankrupt New York City Off-Track Betting Corp. (OTB). That’s good. Unfortunately, once again, he has left the door open to signing the bill in the future. And that’s troubling. Read More
For a third consecutive year, Governor Andrew Cuomo is late in issuing a mid-year update to New York State’s financial plan. Read More
Asked what the state might do to help fiscally distressed upstate cities, Governor Cuomo today said his administration was “looking at various approaches to help cities more on an individual basis than on a collective basis.” Read More
Over the past few days, Governor Cuomo has made it clearer than ever that his “tax cut” focus next year will be on something that can be more accurately described as a tax shift: the creation of a new property tax “circuit breaker” credit that homeowners could claim on their state income taxes. The credit would rebate a portion of local property taxes, to the extent that they exceed some set percentage of each homeowner’s income. Read More
Eight days past the statutory deadline, Governor Cuomo’s Division of the Budget (DOB) has finally released a required mid-year update to the state financial plan. Read More
President Obama’s proposed cap on itemized federal income tax deductions for state and local taxes would cost New York residents $3.8 billion a year, according to a report released by Governor Cuomo’s office today. However, you’ll have to dig a little to find that number: Obama isn’t mentioned until page 11 of the 26-page document. Read More