Tag: Andrew Cuomo

E.J. McMahon, research director at the Empire Center for Public Policy, had presented estimates to the joint legislative fiscal committees earlier this year on the potential consequences of departures. He predicted that if the state lost 10% of residents with median adjusted gross income of more than $10 million, New York would lose $265 million in tax revenue, more than the entire state-funded budget for the Department of Environmental Conservation. (The total state budget is $175 billion.) Read More

This year's state budget came with a hidden asterisk: In the final throes of his negotiations with legislative leaders, Governor Cuomo quietly postponed a month's worth of Medicaid payments from the last week of March to the first week of April – shifting $1.7 billion in spending from one fiscal year to the next. Read More

In the name of reducing greenhouse gas emissions, the Cuomo administration has been doing everything it can to block construction of natural-gas pipelines in New York. But that policy is probably accomplishing just the reverse—increasing greenhouse gas emissions by boosting reliance on fuel oil, which results in even higher emissions. Read More

Gov. Andrew Cuomo said he wanted New York to adopt a limit on greenhouse gas emissions that’s “the most aggressive goal in the country.” Unfortunately for New Yorkers, state lawmakers took him at his word. The Climate Leadership and Community Protection Act now awaiting his signature vastly expands the state’s power to regulate every corner of New York’s economy in pursuit of lower emissions. Yet sponsors didn’t even bother to estimate its fiscal and economic impacts before rushing it through. Read More

However, the Empire Center issued a report saying that most New Yorkers paid a lower federal tax bill because of the rate cut and the increase in the child care credit. Most of the impact was to the top 1% of income earners, who generate 40% of the state’s tax revenue. Read More

The MTA recently started installing new time clocks at all employee facilities, a step meant to address alarmingly high overtime rates among some employees. The rates were first published in an April report by the nonprofit Empire Center for Public Policy.  Read More

The MTA recently began installing the new time clocks at all employee facilities as part of its effort to address alarmingly high overtime rates among some employees, as uncovered in an April report by the nonprofit Empire Center for Public Policy. Read More

A new analysis by the Empire State Center for Public Policy examines how the SAM program funded “pork barrel” capital projects across the state in the past year. Lawmakers have voted every year to authorize raising several hundred million dollars in borrowing for the program. Since the program was established in 2013, more than $2 billion in total public debt has been created. Read More