Thanks to Medicaid over-spending, New York’s state budget gaps have blown up to their highest levels since the Great Recession. Read More
Category: Blog
Governor Andrew Cuomo’s regulatory attack on National Grid’s Long Island gas moratorium threatens to have broader negative financial effects on all of the state’s investor-owned utilities—with implications for the overall business climate as well. Read More
To fight crime and fare evasion in New York City subways, the state Metropolitan Transportation Authority plans to hire 500 more officers for its police department—an unprecedented expansion of what's already one of the largest police forces based in New York State. As of 2018, the MTA Police employed a total of 773 officers, including new hires and officers who retired or otherwise left the payroll during the year, according to records posted at SeeThroughNY, the Empire Center's transparency website. MTA Police pay averaged $131,959, including average overtime of $34,936. The number of MTA Police officers was the highest in at least six years; in 2013, there 99 fewer total officers employed by the department. Read More
New York’s ongoing experiment in state-run venture capital investment appears—not for the first time—to have been ripped off. Read More
Why are contract negotiations between public officials and public employee unions routinely conducted behind closed doors? One of New York’s largest public-sector unions has spilled the beans: it’s better for them. Read More
Newly released federal data on personal income growth last year point to the continued economic weakness of upstate New York. Measured in current dollars, unadjusted for inflation, personal income nationally increased 5.6 percent from 2017 to 2018, according to the Bureau of Economic Affairs (BEA). Read More
Governor Andrew Cuomo is threatening to yank the license of a major downstate natural gas supplier—because he doesn’t like how the company responded to his refusal to permit a new supply pipeline. Read More
A bill awaiting Governor Andrew Cuomo’s signature—passed by the Legislature based on a misleading sponsors’ memorandum—could lead to higher bus fares in upstate New York’s four largest metro areas by giving labor unions a new edge in negotiations with regional transit systems. Read More