New York state’s mid-year financial plan update was due on Oct. 31, and state agency heads were scheduled to present their budget requests at hearings last week. Read More
Tag: Economy
During his first six months in office, New York governor Andrew Cuomo pulled off something of a fiscal trifecta: closing a $10 billion state-budget gap without raising taxes, capping local-property-tax levies, and wringing concessions out of state-government labor unions. Read More
A $62 million initiative to promote job creation for unemployed inner-city youths was part of last week’s tax increase deal between Gov. Andrew Cuomo and the state Legislature. Read More
Reducing job opportunities for unskilled and part-time workers will be the No. 1 goal of the New York State Assembly this year, Speaker Sheldon Silver declared last week. Read More
Reciting a litany of economic challenges facing New York soon after he took office as governor a year ago, Andrew M. Cuomo declared: "We have the worst business tax climate in the nation, period." Read More
January's stronger-than-expected employment numbers, released by the U.S. Labor Departmentlast week, are fueling hopes that the economic recovery may finally be picking up steam. Read More
With two weeks left in the state fiscal year, Albany's annual budget adoption process has been overshadowed by the once-a-decade imperative of reapportionment. Read More
Proponents of an increase in New York's minimum wage argue that no full-time worker — especially a head of household raising children — should have to live on $7.25 an hour, or $15,000 a year. Read More