New York State’s personal income tax (PIT) collections in April were a whopping $1.3 billion lower than in the same month last year, according to state Comptroller Thomas DiNapoli’s just-released monthly cash report.* Read More
Tag: Andrew Cuomo
So, here’s a non-surprise: The financial outlook for New York’s state government has deteriorated in the past few months, according to the Mid-Year Financial Plan Update from the Division of the Budget (DOB). Read More
New York ranks 50th — meaning “worst” — in the Tax Foundation’s 2013 State Business Tax Index, released today. The Empire State’s ranking tumbled back to last place after climbing all the way up to number 48 in the 2011 Index. Read More
The Cuomo administration reportedly is talking with labor leaders about tapping public and private pension funds to help pay for state infrastructure projects, including a multi-billion-dollar replacement for the Tappan Zee Bridge... Read More
In its look-back today on Governor Andrew Cuomo’s second legislative session, The New York Times quotes the governor as saying he had “front-loaded” the legislative calendar... Read More
Nicole Gelinas has a must-read op-ed in the New York Post raising questions about Governor Cuomo’s plan to rely on public-private partnerships (PPPs) to finance infrastructure and economic development projects in New York. Read More
The ink was barely dry on Governor Andrew Cuomo’s local government “restructuring” bill yesterday when the governor made two more concessions to unions on the issue of binding arbitration. Read More
State Comptroller Thomas DiNapoli has announced a “fiscal stress monitoring system” to provide an early warning of problems in local governments and school districts, which can only be a good idea... Read More