On Aug. 3, the state Senate passed a bill containing nearly $800 million in tax hikes and other provisions that represent the final piece of the budget for the fiscal year that began April. Passage of the 2010-11 appropriation bills was completed by the Legislature June 28--after which Gov David Paterson vetoedthousands of line items, mainly legislative pork-barrel “member item” spending. Read More
Governor David Paterson has proposed legislation to implement a cap on school property tax levies in New York State. His original tax cap bill was passed by the state Senate in August 2008, but died in the state Assembly. Paterson's latest tax cap proposal was submitted to the Legislature on July 30, 2010. Read More
Governor David Paterson is proposing an early-retirement option for the state and its local governments that he says is “designed to achieve cost-savings for public employers and to avoid layoffs of public employees in this time of fiscal need.” 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
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
The Empire State is being drained of an invaluable resource—people. From 2000 to 2008, in both absolute and relative terms, New York experienced the nation’s largest loss of residents to other states—a net domestic migration outflow of over 1.5 million, or 8 percent of its population at the start of the decade. Read More
Almost all of the projected $2.1 billion deficit in this year’s New York State budget can be traced to falling tax receipts. But rising spending will represent a growing share of the problem over the next three years. In fact, more than one-third of the projected growth in next year’s gap, and over half the growth in the gap for fiscal 2013, can be traced to spending increases beyond those forecast by the Division of the Budget (DOB) in April. Read More
Despite a crushing recession and a $45 billion drop in the state pension fund, Albany’s 2009 legislative hopper includes dozens of proposals to enhance the retirement benefits of New York State and local government employees. Read More
New York State residents pay some of the highest local taxes in the nation. Until now, however, New Yorkers have had no easy way to compare basic fiscal measures for the local governments that account for a large share of the taxes they pay. Read More
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