This week’s hurriedly enacted deal between Governor Cuomo and the Legislature means state income taxes will now return to the pre-2009 level for over 100,000 New Yorkers who have been subject to a temporary “millionaire tax,” even though they earn much less than $1 million. Read More
Tag: Taxes and Spending
A $62 million initiative to promote job creation for unemployed inner-city youths was part of last week’s tax increase deal between Gov. Andrew Cuomo and the state Legislature. Read More
'The largest convention center in the nation, period" -- in Queens? Is he kidding? Nope. In his State of the State address Wednesday, Gov. Andrew M. Cuomo did, indeed, tout the same sort of white elephant already being chased by states and cities across the country. Read More
In the wake of the nation’s worst economic downturn since the 1930s, New York State’s counties, municipalities and school districts face intense budgetary pressure. To bring spending into line with tightly constrained revenues, especially under a newly imposed property tax cap, local governments need more than ever to control rising employee salary and benefit costs. Read More
As part of his 2012-13 budget legislation, Governor Cuomo has proposed the most significant and potentially far-reaching reform of New York public pensions in at least 36 years. While the governor’s plan is far from being an ideal solution to the problem of exploding pension costs and long-term liabilities, it includes some significant steps in the right direction, which are worthy of serious consideration and support. Read More
New York's K-12 education spending has a recent "historical pattern" of increasing 5.3 percent a year, according to the state Education Department. Read More
The governor’s tax hike will harm New York’s competitiveness. Read More
To the Editor: As part of his State Fiscal Year 2012-13 Executive Budget, Gov. Andrew Cuomo has included a long overdue initiative to take over the administration of New York’s Supplemental Security Income (SSI) state supplemental payment from the federal Social Security Administration. Read More
