The Pataki-McCall tax commission report unveiled on Long Island today is a decidedly mixed bag.. Read More
Tag: Taxes and Spending
The agreed-upon Tier 6 bill restores much of the benefit reduction originally proposed by Governor Cuomo–especially for career employees. Read More
The New York State Professional Firefighters Association (PFFA) was not at all pleased by the Empire Center’s news release last week highlighting the generous pensions of recently retired local police and firefighters. Read More
For taxpayers in New York State’s top personal income tax bracket, the new federal tax law will drive the combined federal and state marginal tax rate to within a percentage point of 50 percent, its highest level in 27 years. Read More
Federal Medicaid reimbursements to New York State could be cut by $1 billion a year to make up for more than two decades of excessive claims that one congressman compared to “fraud.” Read More
Governor Cuomo today signed a bill imposing a 2 percent cap on increases in property tax assessments the “base agricultural assessment value” for farms. Read More
“Cash-strapped New York has tentatively chosen the highest bidder to produce driver’s licenses under a disputed contract that would provide only black-and-white photos and end up costing the state nearly $38 million more than the current contract if it’s approved,” the AP reports. Read More
The prices of some previously high-flying stocks such as Apple recently have been plummeting, and the stock market has just suffered “its worst week of declines in five months,” the Wall Street Journal reports. This is not good news for savers and investors — but it may be causing sighs of relief in some corners of the state Capitol. Read More