State lawmakers have begun passing the bills necessary to implement the state budget for the fiscal year that began April 1. Read More
Tag: Taxes and Spending
“We will not be raising income taxes this year,” Gov. Hochul declared in January at the opening of New York’s 2023 legislative session. Read More
Just in time for tax season, New York State's tax agency just lost a major legal challenge to its policy of pursuing maximum income tax payments from wealthy vacation homeowners—even when they live elsewhere. Read More
After Governor Hochul’s budget unveiling this afternoon, Empire Center experts offered their reactions to the latest framework. Read More
Comptroller Thomas DiNapoli has unveiled a new proposal for constitutionally curbing the state’s seemingly uncontrollable appetite for borrowing. Read More
Governor Hochul gave health care surprisingly little attention in her State of the State speech on Tuesday – a sign that taking on dysfunction in one-sixth of the state's economy ranks low on her list of priorities. Read More
At a panel event in Albany being hosted by the tomorrow morning, The Empire Center’s EJ McMahon and other budget experts and observers will discuss the timely topic of state budget process reform. Read More
The pandemic and its fiscal aftermath have given rise — temporarily — to a state budget trend unique in New York’s history. Read More