Tag: Economy

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The closing days and hours of New York State’s 2019 legislative session were easily among the most economically consequential in Albany’s recent history—but not in a positive sense. Read More

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Opponents of a higher minimum wage, like the Empire Center for Public Policy, have argued that a gradual minimum wage increase would increase employer overhead and cost the state up to 200,000 jobs — and at least 11,000 in the Capital Region alone. Read More

E.J. McMahon of the Empire Center for Public Policy, a fiscally conservative think tank based in Albany, breaks it down: The state has a 4 percent sales tax, and Nassau and Suffolk each have a 4.25 percent sales tax. Read More

Cuomo's claims are likely overstating the immediate impact of the deduction cap, said E.J. McMahon, founder of the Empire Center, a fiscally conservative think tank in Albany. It's simply too soon to know if people have fled the state because of the so-called SALT cap, McMahon said. Read More

How big are the fiscal challenges faced by New York State in second half of its 2019 fiscal year? Are tax receipts and spending living up with projections? What's the outlook for the next few years? We don't know—because, for an eighth consecutive year, Governor Andrew Cuomo has missed the statutory deadline for producing a Mid-Year Financial Plan Update. Read More

It’s a tale of two states — upstate and downstate. Upstate New York’s economy has added just 6.3 percent more jobs since 2010, among the worst performances in the nation, according to a study released Tuesday. Read More