From the end of 2007 through 2009, more than eight million jobs were lost. The national unemployment rate rose to more than 10 percent for the first time in nearly 30 years. Read More
Category: Commentary
On Aug. 3, the state Senate passed a bill containing nearly $800 million in tax hikes and other provisions that represent the final piece of the budget for the fiscal year that began April. Read More
Like a leaky faucet, New York state was drip-drip- dripping businesses and jobs to other states for all but one of the 15 years leading up to the official end of the last economic expansion in 2007. Read More
New York state and local governments’ liabilities for retiree health coverage run to the hundreds of billions of dollars -- a burden that’s only now coming into full view. Read More
Tonight’s seven-way, 90-minute New York guber natorial debate sounds more like the premise for a TV reality show than a forum for airing the most critical issues facing the Empire State. Read More
Will Andrew Cuomo defy the special interests that have long controlled Al bany -- starting with the public-sector labor unions whose political arm endorsed him -- to deliver the kind of change he promised in his successful campaign for governor of New York? Read More
The challenges confronting Gov.-elect Andrew Cuomo won’t be limited to closing a state budget gap now estimated at between $9 billion and $11 billion. Cuomo and the Legislature will also need to respond to growing fiscal distress among New York’s local governments. Read More
In November 2003, the Manhattan Institute for Policy Research issued a report describing New York state’s public-pension system as “a ticking fiscal time bomb. Read More