While the Legislature struggles to reach final agreement on yet another budget that is sure to spend more than the state can afford, a bit of good news for New York taxpayers can be found on the last page of today's report from... Read More
Tag: New York State
New York has the second most progressive distribution of federal income taxes among the 50 states, according to a new analysis from the Tax Foundation. From the Tax Foundation's Fiscal Fact: Taxpayers earning more than $200,000 earned 40 percent of... Read More
The Greek debt crisis has inspired economist Michael Boskin to lay out some fundamental lessons that are equally applicable to our own federal and state governments. Quoting directly from this article by Boskin, the lessons are: elected officials systematically... Read More
The broad outlines of Andrew Cuomo's gubernatorial campaign platform are beginning to dribble out as the formal announcement of the attorney general's candidacy approaches. By the time the state Democratic Party Convention opens next Tuesday... Read More
e21 has a good staff editorial up on the now-tragic Greek crisis, with possible implications for New York and California. The plan for Greece, of course, is for Europe and the IMF to bail out the debt-drenched nation's bondholders, by imposing austerity... Read More
Would the "comprehensive reforms" unveiled today by the state Senate's Majority Democrats "fix the state’s broken budget process and give New Yorkers a fiscally responsible budget," as they claim? Of course not. There are, however, some good ideas... Read More
That's the provocative title of a Working Paper newly posted on the website of the National Bureau of Economic Research (NBER). The answer, in a word, is "yes." The co-authors of the paper, which focuses on strikes by nurses in New York between 1984... Read More
State Comptroller Thomas DiNapoli today issued a that focuses on the budget process, but his most significant and potentially valuable recommendation deals with debt. Read More