The St. Lawrence County Board of Legislators is holding a on a proposal to override the state's new property tax cap as part of the county's budget. Although the tentative 2012 county budget is not due until Nov. 15, l suggest county officials are g Read More
New York's cities, already the most fiscally stressed class of local governments in the state, will be hit especially hard by the next wave of pension contribution increases yesterday by the state comptroller. That's because city payrolls tend to be Read More
As if it wasn't bad enough that New York imposes , the Empire State's patchwork system of local property tax administration is rated the nation's worst in a new scorecard compiled by a corporate-sponsored tax organization. The assigned New York a Read More
Governors often veto legislation on narrow technical grounds, effectively leaving the door ajar for sponsors of bad bills to try again with a somewhat different approach. But that's not the case with Gov. Andrew Cuomo's just-released Veto Message 23 Read More
The governor has rejected that would undermine the intent of New York's newly enacted property tax cap by allowing school districts to issue 15-year bonds to cover a portion of their rising teacher pension costs. The Executive Chamber's news rele Read More
At least one leading bond counsel firm is issuing supplemental opinions to the effect that New York State's cap on local property taxes may violate the state Constitution's debt impairment provision. The lawyers' reasoning is unpersuasive, serving Read More
Saturday's New York Times that Governor Andrew Cuomo is "likely" to veto a bill allowing school districts to issue 15-year bonds to cover the same rising teacher pension costs that have been partially excluded from a newly enacted property Read More
The New York State Assembly this evening followed the Senate' lead in passing a that would undermine a property tax cap while generating more risk for taxpayers — but a leading State Capitol reporter has that Governor Cuomo's "quick comment" o Read More