Voters will cast ballots on proposed budgets for school districts across New York State. The spending plans would collectively raise New York State’s highest in the nation per-pupil expenditure by 4.3 percent, and per-pupil school tax levies by 3. Read More
Despite the pandemic's costly and painful disruptions, most hospitals in New York and elsewhere ended their 2020 fiscal years in the black after receiving billions in relief from Washington, an analysis of their financial filings shows. Among repo Read More
New York taxpayers have been hit with enormous increases in pension costs for state and local government employees over the past 20 years. From less than $1 billion in 2000, combined annual employer contributions to the Empire State’s public pension funds escalated to nearly $10 billion by 2010, peaking at nearly $17 billion in 2015. Contributions have leveled off at roughly $16 billion in recent years—but under lenient government accounting standards, even that figure conceals the full long-term cost of generous, locked-in pension benefits for generations of retired government employees. Read More
Governor Hochul is promising to reform the Joint Commission on Public Ethics (JCOPE) in the wake of negative publicity arising from its role in the controversy over former Governor Cuomo’s book deal for “American Crisis.” It’s the latest incident to put JCOPE under the spotlight in its ten-year history. Read More
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