Tag: Legislature

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

With the clock ticking toward the April 1 start of the next state fiscal year, Assembly Democrats just laid out their budget preferences—and, as usual, they add up to a massive tax-and-spend fantasy. Read More

Under state law, the impasse means Comptroller Thomas DiNapoli will issue a revenue forecast on or before March 5. Legislators consistently push for higher numbers than the governor, but the current situation represents the first time in Mr. Cuomo’s three-term gubernatorial tenure that he and the Legislature have been unable to reach consensus. “It means they are getting off to a testy start, but it doesn’t mean they are doomed and they are not going to be able to do a budget,” said E.J. McMahon, research director at the Empire Center for Public Policy, a fiscally conservative think tank. Read More

“The Legislature has the power to reduce any appropriation proposed by the governor, or eliminate it, and there’s nothing he can do about it. They’ve never wielded this power or even threatened it. I don’t know why. Maybe they’re so addicted to spending," said E.J. McMahon, research director at the Empire Center for Public Policy, a state budget watchdog group. Read More