To help New Yorkers compare certain basic fiscal measures for local governments, the Empire Center has calculated effective property tax rates and per-capita values for the spending, debt and tax levels throughout the state. Read More
Tag: Taxes and Spending
The Hochul Administration has finally released an overdue budget report—which, on first look, shows the state's fiscal outlook virtually unchanged. Read More
Governor Hochul’s budget office has yet to release the statutorily required mid-year financial plan update of the state’s fiscal outlook. Read More
With inflation rampaging, the seven-percent increase in key federal tax code thresholds is the biggest one-year hike since key aspects of the IRS code were indexed to inflation. Read More
Local government is a labor-intensive business, and employee compensation is the single biggest element of most municipal budgets. Read More
Historically large budgetary surpluses inherited by Governor Hochul are now just a memory with New York facing projected gaps of $13.7 Billion Read More
New York's health insurance affordability gap surged to a new high last year, with state residents paying an average of 16 percent more. Read More
A total of $68 million in grant awards was steered to 276 local projects between November 2021 and March 2022 by the Dormitory Authority of the State of New York Read More