Tag: Legislature

A 2017 study by the Empire Center found liability costs in New York exceed $20 billion a year. If those costs were passed on to every household in the state — which really they are, in a way, because all affected organizations and insurers have to pass their costs on to their clients —- it would work out to be $2,700 annually. Read More

The new state budget features a larger-than-usual increase in Medicaid spending and two new coverage mandates for private insurers – adding to the already steep costs of health care for New York's taxpayers and policyholders. Read More

The governor and state Senate would dedicate the revenue for the MTA — but you can bet they’ll count it as their contribution to the agency. (And the Assembly just wants the tax to fund its overall huge boost in statewide spending.) It also means trouble for future MTA budgets, the Empire Center’s E.J. McMahon warns, since real estate tax revenues are highly volatile. Read More

With the Legislature getting ready to pass a budget for the fiscal year starting April 1, some fresh data and analysis emerging from the world outside Albany in the past week or so has raised new questions about the durability of the state's revenue base. Read More

Empire Center Logo Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!