Governor Cuomo’s proposed state budget for fiscal 2014 envisions a relatively strong 6.6 percent ($2.6 billion) increase in net personal income tax (PIT) receipts for the year starting April 1, even though the tax so far has under-performed the original budget projections for fiscal 2013. The highest-earning one percent of New York taxpayers is expected to generate 41 percent of net receipts, according to the Economic and Revenue Outlook volume of the budget Read More
The (apparently) agreed-upon version of Governor Cuomo’s “Tax Free NY” proposal includes a new name for the thing: “SUNY Tax-free Areas toRevitalize and Transform UPstate New York,” or START-UP NY. Read More
In an effort to slash its liabilities, Stockton is notifying its employees that their retiree health insurance coverage is about to be cancelled. And, Nicole says, this is no coincidence Read More
Governor Andrew Cuomo has approved a $96 million deficit bonding bailout for Rockland County — with no strings attached, other than once-a-year review of the county executive’s budget proposal by the state comptroller. The bill sets a terrible precedent, signaling distressed municipalities across New York that they, too, might be able to buy time with borrowed money. Read More
The expected state court battle over newly enacted public pension changes in Illinois will bear close watching throughout the country–especially in New York. That’s because, when it comes to protecting pension benefits, the 1970 Illinois State Constitution closely follows the wording of New York’s 1938 State Constitution. Read More
As if $420 million in annual handouts to the film and television industries wasn’t enough, New York State legislators are now proposing to give millions to the music industry and Broadway. Read More
Over at SeeThroughNY, our team works really hard to post fresh data quickly and accurately — when it’s available, that is. Read More
New York’s State Senate spent almost $45 million during the six-month period ending last September, according to the latest data available at SeeThroughNY, where the Empire Center for Public Policy maintains public records dating back to 2007. Read More