New York school districts are seeking voter approval of budgets that would raise their per-pupil spending by an average of more than four times the projected inflation rate. Most districts have proposed property tax hikes as high as the maximum allowed without supermajority overrides under the tax cap law. Read More
The final set of pre-pandemic U.S. Census population data for cities, towns and villages provides localized details on a familiar New York pattern: widespread decline upstate, and a few small pockets of growth amid the general stagnation downstate. Read More
The Cuomo administration has gotten around to sharing detailed estimates of the pandemic's impact on the state budget enacted almost a month ago—but the latest update from the Division of the Budget (DOB) raises about as many questions as it answers. Read More
New York has just enacted a pandemic-crisis budget that might as well have been written in disappearing ink—shakily “balanced” on hopes of a huge federal bailout and ultimately backstopped by the potential for unprecedented deficit borrowing. Read More
Faced with a $2.5 billion deficit in the Medicaid budget, Governor Andrew Cuomo has floated the idea of closing the gap in part with “additional industry revenue.” This raises concern that lawmakers will again hike New York’s already heavy taxes on health insurance – and deepen the state’s addiction to an unhealthy source of revenue. Read More
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