Reform in the shape of a block grant would replace the current system of open-ended matching aid, which has been blamed for encouraging overspending and gamesmanship as some states sought to maximize their federal funding. A prime example of the phenomenon is New York, which operates one of the costliest Medicaid programs in the country. [Read_more]
Nearly two-thirds of New York State’s tax receipts are now generated by the personal income tax, or PIT, which relies disproportionately on the highest-earning one percent of New York taxpayers.
This paper presents charts and tables highlighting notable trends in state PIT data in light of proposals to extend or increase the state’s so-called “millionaire tax,” along with scheduled PIT rate reductions in tax brackets below the highest income levels. [Read_more]
The Health Care Reform Act (HCRA) began as an effort to bring market-driven efficiency to New York’s hospital industry, but has evolved into little more than a revenue source. [Read_more]
New York lost another 191,367 residents to other states during the year ending last July 1, and its population declined for the first time in a decade. [Read_more]
The Empire Center for Public Policy has calculated effective property tax rates and per-capita values for the spending, debt and tax levels of local governments. [Read_more]
The 2015-16 edition of What They Make, the Empire Center’s annual report on public payrolls, New York taxpayers to compare this key element of local government costs around the state. [Read_more]
The Empire Center has updated its June report that ranked 2014 property taxes with 2015 data recently released by the state comptroller's office. [Read_more]
The decision by the nation’s largest solar panel provider to locate a state-of-the-art manufacturing plant in Buffalo, and to create other jobs in Western New York, could be a needed shot in the arm for a city and a region that’s been declining economically for many years. But there are significant risks and unanswered questions associated with the state government’s willingness to commit the bulk of its “Buffalo Billion” resources to the massive SolarCity factory on the site of the former RiverBend steel plant. [Read_more]
Residents of the small Western New York village of Sloan had the highest effective property tax rate in New York, paying $64.46 per $1,000 of home value during 2014, according to the newest edition of Benchmarking NY, the Empire Center’s annual examination of local property taxes. [Read_more]
