New York's economy and tax base, already sagging in a deep recession, would take another huge hit under Rep. Charles Rangel’s plan to impose a surtax on high-income households to finance a new government-run health plan. Read More
Tag: Economy
Is Westchester County racially segregated? That’s the premise of the landmark legal settlement that, if approved by the Board of Legislators, will have the county build some 750 units of affordable housing in high-income areas. Read More
Could New York’s state government realize significant savings by encouraging private-sector firms to challenge entrenched public-sector monopolies? Read More
The Empire State is being drained of an invaluable resource—people. From 2000 to 2008, in both absolute and relative terms, New York experienced the nation’s largest loss of residents to other states—a net domestic migration outflow of over 1.5 million, or 8 percent of its population at the start of the decade. Read More
New York State is broke. Like a runaway train, New York's budget is in danger of running completely off the rails. It needs to be brought under control—before it's too late. Read More
Advocates of the misnamed “millionaire’s tax” enacted in New York State last year claimed that it would restore “fairness” to a tax code that favored the rich. Read More
Far from being asked to sacrifice during the "Great Recession" that began in December 2007, the data indicate that state and local government workers thrived amid the economic misery afflicting most taxpayers. Read More
Governor David Paterson is proposing an early-retirement option for the state and its local governments that he says is “designed to achieve cost-savings for public employers and to avoid layoffs of public employees in this time of fiscal need.” Read More