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
After sailing unscathed (with steady pay hikes, no less) through a severe recession and fiscal crisis, members of New York's largest state government union will belatedly make some relatively small, mostly temporary financial sacrifices under the ten Read More
This quotes Assembly Speaker Sheldon Silver as saying the agreed-upon property tax cap will expire in five years. If that's true, the cap is not worth the paper it's written on--since, as explained and , one house of the Legislature will be able Read More
The and Albany both report today that Governor Andrew Cuomo's proposed public pension changes may include an optional defined-contribution retirement plan. (See Update below.) Read More
The Empire State is next to last -- just above California -- in a new ranking by corporate chief executive officers of "Best and Worst States for Business." Read More
Nicole has an op-ed in today's New York Post exploring the fiscal and economic implications of the agenda being pushed by the union-led "May 12 Coalition," which is sponsoring a big demonstration in Manhattan today to demand big increases in state and city taxes. Read More
Taxpayers from around the state held a small but boisterous rally in Albany today to show support for Governor Cuomo’s proposed 2% property tax cap, which has been passed in the state Senate but is stalled in the Assembly. Read More
Have you filed your New York personal income taxes for 2010? If so, you've just been reminded once again of how complex and confusing our state tax code has become. Read More