Governor Andrew Cuomo and New York's legislative majority members would have you believe they have just reached an end-of-session agreement to "cut" your property taxes. Again. Don't believe them. Again. Read More
Research
Based on initial descriptions, the delayed end-of-session "big ugly" package deal announced Tuesday afternoon by Governor Andrew Cuomo and legislative leaders is simply confounding on the subject of property taxes. Although Cuomo and Senate Republicans both said they wanted to make the state's 2 percent property tax cap permanent, the cap apparently will be extended only temporarily. Read More
There's a good reason for Governor Cuomo's Fast Food Wage Board to decide against raising the minimum wage for fast food workers: many of them won't benefit from it. Read More
Private-sector job growth in New York continued to trail the U.S. average on a year-to-year basis during the 12 months ending in May, according to the monthly state jobs report from the state Labor Department. Read More
With only hours to go in the state legislative session, are Senate Republicans angling to drill new loopholes in the state's property tax cap? Read More
The Yonkers school district will be the first to get a special added state aid handout from a $100 million "Upstate Distressed Schools Fund" announced over the weekend by Governor Andrew Cuomo. But it's not as if public schools in the City of Gracious Living have been shortchanged. Read More
Don't look now, but given current inflation trends, next year's school property tax cap may be ... zero! That's the message of a statement released last week by the Educational Conference Board (ECB), a coalition of groups representing public school administrators, school boards and—last but hardly least—the New York State United Teachers (NYSUT) labor union. The ECB's "warning" was meant as an inside-the-Albany-bubble scare tactic, but for most New Yorkers, it's good news: further confirmation that the tax cap is working exactly as intended. Read More
New York City’s pension costs will reach nearly $8.8 billion in the coming 2016 fiscal year — more than double the 2006 level and nearly eight times the 2001 amount. Yet now, with a week to go in the state legislative session, Albany is poised to drive those costs even higher. Read More
On the surface, today's newly released state Gross Domestic Product (GDP) numbers for 2014 amount to an unalloyed good-news story for New York State. Preliminary data from the federal Bureau of Economic Analysis show the state's real GDP grew slightly faster than the national average in 2014, rebounding from a weak 2013. However, a closer look at the data reveals stagnation last year in New York's manufacturing sector, offset by a heavy reliance on finance and other industries located mainly in New York City. However, the new data also reflect a continuing decline in New York's manufacturing sector, offset by a heavy reliance on finance and other sectors located mainly in New York City. Read More
The U.S. Environmental Protection Agency has just eliminated a substantial "scientific uncertainty" cited in support of New York State's ban on hydraulic fracturing, or fracking, of deep-underground natural gas deposits. Read More
As the state legislative session draws to a close, Gov. Cuomo and the state Democratic Committee are launching an online media campaign to push for an extension of his landmark property-tax cap. It’s easy to understand why: Unlike many highly touted policy reforms, the tax cap’s actually working. Which is why it should be made permanent. Read More
Spending by New York State's public schools averaged $19,818 per pupil in 2012-13 — once again topping the nation — according to new data released today by the U.S. Census Bureau. The gap between school spending in New York and the U.S. average continued to get wider in 2012-13—reaching 85 percent, up from 63 percent in 2005-06. Read More