New York State will spend at a rate of more than $250,000 per minute under its newly adopted budget for fiscal 2011-12, which begins today. Read More
Tag: New York State
Among the several hundred "teachers, public workers, renters, health care advocates and college students" who clogged the State Capitol in a last-ditch budget protest yesterday was Maria Pacheco, a Spanish teacher in Rotterdam-Mohonasen schools, who complained that cuts in state education aid will force her Albany area district to lay off 44 teachers. Read More
States are finding it more difficult to accurately predict their revenues--and "the biggest culprit" is an increasing reliance on personal income taxes, according to a new report from the Pew Center on the States and the Nelson A. Rockefeller Institute... Read More
A $100 million expansion of the the state's Health Care Reform Act (HCRA) surcharge is among the latest additions to a list of (so far) several hundred "redesign proposals" under consideration by Governor Cuomo's Medicaid Redesign Team. The proposal... Read More
The Tax Foundation is out with a new report today, which found that nationally the combined state and local tax burden... Read More
The Post has a good editorial today on Mayor Bloomberg's plan to cut pension costs by taking away a "bonus" check from uniformed workers who have already retired: [W]hile the mayor has standing to ask for relief, the notion is fanciful... Read More
From the "Economic and Revenue Outlook" volume of the 2011-12 Executive Budget, here's the table showing the distribution of state personal income tax liability and adjusted gross income. Read More
The Judiciary isn't playing ball with Gov. Cuomo's efforts to reduce the state budget, as I point out in the New York Post today. A person who has reviewed the budget proposal by the Office for Court Administration (OCA) emails this follow-up... Read More