Tag: Economy

If Gov. Andrew Cuomo thinks taxes are so burdensome in Upstate New York, why not cut them for every business? That's the Empire Center's reaction to Cuomo's plan unveiled Wednesday that would create tax-free zones around SUNY campuses for employers and employees. "In the final analysis, highly touted 'economic development' programs built on a promise of significant tax relief ultimately beg the same question: If our taxes are such a hindrance to growth, why not reduce them for everyone?" wrote E.J. McMahon, senior fellow for the Empire Center, in a blog post. Read More

When a government watchdog as knowledgeable as Steven Greenhut, a Bloomberg View contributor, writes that California deserves to knock New York out of last place in rankings of state business climates, it’s tempting to agree. If only he had a stronger case. Read More

New York’s economy stands to reap enormous benefits from President Bush's proposed tax stimulus plan. Read More

Nicole Gelinas has in the New York Post today on the sinking fortunes of New York City's financial sector.  Her message: Thanks to Washington’s support for big banks, New York City has been a cocoon of prosperity compared to Read More

“If the plodding national economy stumbles into another recession, New York — plagued by high unemployment and the prospect of a rising tide of layoffs on Wall Street — probably will take a tumble, too.” That’s the main takeaway from an article in today’s New York Times on the outlook for the city’s economy — which, of course, has inevitable implications for all of the Empire State. Read More

The on Wall Street are casting a cloud over New York State's financial projections. Governor Andrew Cuomo's , unveiled in February, assumed stock values would grow this year by 13.4 percent. This assumption was not changed in the Enacted Budget Fina Read More

When Comptroller Thomas DiNapoli last month that New York's state and local pension fund had earned 14.6 percent on its investments in fiscal 2010-11, the AFL-CIO's Dennis Hughes the the comptroller's numbers had "call[ed] into question the need fo Read More

The image on the cover of New York State's is obviously meant to convey the sense that there's not only a light visible at the end of the budgetary tunnel, we're just about to emerge into broad daylight. But the report itself, released late yesterday Read More