MEMORANDUM filed with Senate Bill Number 8077, entitled: "AN ACT to amend the civil service law, in relation to expanding excused leave for certain purposes" APPROVED This bill completes a legislative process that has resulted in five enacte Read More
GOV. Paterson has pledged the state will "learn to do more with less" in closing a projected $6.4 billion gap in the 2009-10 fiscal year. Read More
The financial-market implosion and the coming transformation of the securities industry will expose the fundamental flaw in New York State’s woefully overextended public finance model. The state budget is today geared to run on an ever-expanding stream of high-octane revenues from a Wall Street that no longer exists—and the rest of New York’s economy isn’t nearly robust enough to make up the difference. Read More
This report reviews the impact of federal tax cuts on New York State since 2001 and looks at how the Empire State would be affected by the sharply divergent tax policy agendas of the 2008 presidential candidates, John McCain and Barack Obama. Estimates are provided for the direct New York impact of the candidates’ principal individual income tax proposals over the next two years. Read More
Federal income tax increases proposed by Democratic presidential candidate Barack Obama could indirectly blow a nearly $1 billion hole in New York State’s treasury over the next two years, according to a new released last week by the Empire Cent Read More
Federal income tax increases proposed by Democratic presidential candidate Barack Obama could indirectly blow a nearly $1 billion hole in New York State’s treasury over the next two years, according to a new report released last week by the Empire Center for Public Policy, a non-partisan, independent think tank. Read More
, the Manhattan Institute's seven-year-old website focusing on New York budget and finance issues, has been updated and expanded into a blog featuring daily commentary by two of the Institute's leading analysts—E.J. McMahon and Nicole Gelinas. McMa Read More
New York City government has barely begun to bring its spending into line with post-meltdown reality—and Council Speaker Christine Quinn is already saying "we'll need to look at personal income-tax changes," among "other ideas," for closing budget gaps that are likely to swell beyond $8 billion over the next two years. Read More