The U.S. Supreme Court today kept alive federal litigation that could cost New York a big chunk of the billions of dollars in taxes it collects from nonresidents working for New York-based employers. Read More
New York's post-pandemic employment recovery came to a halt and moved into reverse in December, according to the state's for the final month of COVID-wracked 2020. Private payroll employment in December was 966,000 jobs below the level of the pre Read More
Perhaps the most remarkable thing about Governor Cuomo's Medicaid budget is how little it changes the program's spending pattern. In spite of a once-in-century pandemic that rocked the state's health-care system and decimated state revenues, the g Read More
Amid the economic and fiscal fallout of the pandemic, in a proposed FY 2022 budget that would postpone $400 million in scheduled middle-class tax cuts while imposing $1.5 billion in tax-surcharges on millionaire earners, Governor Cuomo is also seekin Read More
Somewhere within that vast fog bank of a FY 2022 Executive Budget that Governor Cuomo is a structural budget gap, opened during the pandemic recession and temporarily obscured by piles of federal cash that will eventually be gone with the wind. O Read More
State tax receipts in the month of December came in $1.4 billion above the latest projection by Governor Cuomo's Division of the Budget (DOB), according to a cash report released late today by state Comptroller Thomas DiNapoli's office. on the nu Read More
State of the State messages by New York governors customarily lay out general goals and priorities, rather than specifics. Even in general terms, however, there is a striking contrast between Governor Cuomo's latest State of the State and his first annual message to the Legislature, which he delivered five days after taking office 10 years ago. Read More
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