Tag: Taxes and Spending

New York State government payrolls shrunk by 1,856 full-time equivalent (FTE) employees, or less than one percent, during a two-year period ending in January 2010, according to the latest data from the Office of the State Comptroller. However, the state still employed more workers than it did at the same point six years ago, in the wake of a less severe economic downturn and fiscal crisis. Read More

Governor Spitzer’s proposed $120.6 billion budget called for state-funded spending growth of 7.8 percent — three times the rate of inflation — while raising business taxes by roughly a half-billion dollars. The budget also included a significant expansion of state-subsidized school property tax breaks for homeowners, to be phased in over three years. Read More

New York State educators are warning that proposed cuts in state aid to public schools next year could force more than 14,000 teacher layoffs. Officials of the state’s largest teachers’ union claim aid cuts will “devastate” education, leading to a “drastic” reduction of programs and “much larger class sizes.” Read More

“Fantasy in, fantasy out” is the way one leading economist has described the budgetary assumptions behind the new federal health care overhaul, which supposedly will reduce the projected federal deficit over the next 10 years even while creating two new federal entitlement programs. Read More

As New Yorkers rush to meet the April 15 deadline for filing state and federal income tax returns, here is a collection of recent articles about taxes from the Empire Center and the Manhattan Institute for Policy Research. Read More

Voters in New York’s suburban, rural and smaller city school dis tricts approved 92 percent of proposed school budgets on Tuesday, according to preliminary results. This was above the 40-year average approval rate of 83 percent -- and it was in sha Read More