Predicting doom and gloom for New York is all the rage. While we do face difficult fiscal choices for the next several years, those with skin in the game are contradicting this “death of New York” narrative — and offering a way out. Developers Read More
A new report from the state Health Department tries to deflect blame for thousands of coronavirus deaths in the state's nursing homes—but undermines its own case by withholding data and engaging in tendentious analys Read More
New York's economy ended the first quarter of this year in virtual free fall, the latest federal data show. The Empire State's real gross domestic product (GDP) decreased 8.2 percent in the first three months of 2020 compared to the fourth quarter Read More
The headlines surrounding this week’s New York City budget naturally focused on #DefundthePolice demands. But for all its larger potential implications for New Yorkers’ security and quality of life, the partially illusory $1 billion “cut” in Read More
New York is finally ahead of the coronavirus, but its outbreak stands as a world-wide horror story. A sophisticated city was caught unprepared and suffered some of the worst levels of infection and death. The need for an investigation is clear. The h Read More
A temporary freeze on scheduled pay hikes for state government employees (apparently) will continue through September while Governor Cuomo continues to count on aid from Washington to cope with the pandemic-induced economic and fiscal crisis. But the Read More
The vacancy rate in New York's nursing homes has more than doubled since the start of the coronavirus pandemic, suggesting that the death toll among residents may be thousands higher than officially reported. Read More
A federal appellate court has upheld a state-imposed freeze on pay increases for Nassau County employees—reaffirming the Legislature’s power to to every level of government i Read More
Personal income growth in New York nearly flatlined in the first quarter of this year, reflecting the start of the economic shutdown triggered by the coronavirus crisis, according to by the federal Bureau of Economic Analysis (BEA). Revised BEA d Read More
Unlike its , New York's economic recovery began at a painfully slow rate during the normally buoyant month of May. the viral lockdown ordered by Governor Cuomo resulted in an economic catastrophe of historic proportions for the Empire State, culm Read More
The health insurance industry's rate applications for 2021, , reveal deep uncertainty about the long-term impact of the coronavirus pandemic on medical costs. Some companies an Read More
The pandemic-driven decline in sales tax revenues accelerated in May, when the local share statewide was down 32 percent from last year's levels, the state comptroller's office today. And as if their fiscal predicament wasn't bleak enough, munici Read More