At the state level, researchers at the Empire Center found that New York’s prevailing wage requirements inflate construction costs by up to 25 percent. Suspending Davis-Bacon would enable state and local governments to save billions of dollars on construction costs. States could return the savings to taxpayers in the form of tax relief, increase the solvency of their underfunded pension systems for teachers, or use the savings to complete additional needed infrastructure construction. Read More
The world has changed since Governor Cuomo tasked his Medicaid Redesign Team with finding $2.5 billion in savings to help balance the state budget. Yet even in light of the coronavirus pandemic, many of the panel's recommendations still make sense – and are arguably more necessary than ever. Read More
In the predictably messy $2 trillion coronavirus response bill approved by Congress on Friday, one provision stands out as a particular travesty: the nonsensical way it distributes public health funding to the states. Read More
#NYCoronavirus: What he had stumbled onto was one of Albany’s dirtiest little secrets — an addiction to taxing health care, which has gotten steadily worse over the past quarter-century. And now there’s a danger that the coronavirus crisis will become an excuse for state lawmakers to hike the taxes and hit consumers even harder. Read More
When it comes to responding to the coronavirus, New York is likely to struggle with a pre-existing condition: the Taylor Law. Governor Andrew Cuomo has authority to suspend portions of the Taylor Law—and to preserve vital public services, he should. Read More
Although New York is taking the brunt of the coronavirus pandemic – with 43 percent of the nation's known cases and 40 percent of the deaths – the state is due to receive only 5 percent of the $150 billion Coronavirus Relief Fund just established by Congress. Read More
#NYCoronavirus: The negative economic after-effects of the pandemic seem likely to rival if not exceed those of the Great Recession of 2008-09. But as New Yorkers face massive job losses, falling incomes, sagging property values and widespread economic insecurity, they'll have one layer of protection they sorely lacked in the last downturn: a tight cap on local property tax levies, instigated by Governor Cuomo in 2011. Read More
#NYCoronavirus: The $2 trillion federal stimulus bill on its way to passage today does not actually shortchange New York in any general sense—but it does seem to clearly dash Governor Cuomo's vain hopes for a budget bailout, which is why he is so unhappy about it. Read More