Research

New York’s property tax levy cap makes it more important than ever for local governments and school districts to bring their long-term spending into line with long-term revenues. But most localities don’t issue budget forecasts that look further than a year ahead —making it it easier to put off tough decisions. Read More

Three years ago, a bill that would have forced landlords throughout New York State to accept recipients of federal Section 8 rent vouchers was vetoed by then-Governor David Paterson on the grounds that it would have placed an onerous regulatory burden on landlords and cost the state millions to enforce. However, in his State of the State message last week, Governor Andrew Cuomo indicated he’ll revive the idea as part of his own legislative program. Read More

Governor Cuomo’s third State of the State address included a laundry list of potentially pricey initiatives, ranging from an extended school day to a state-subsidized venture capital fund. We’ll find out how he intends to pay for it all next Tuesday, when he presents his 2013-14 Executive Budget plan, which will need to close a budget gap projected at nearly $1 billion without even assuming any new programs. Read More

The latest wrinkles in Governor Andrew Cuomo’s green energy policy, as outlined yesterday in his third State of the State message, include a “cabinet level energy czar” recruited from the Obama administration. Read More

From New York’s standpoint, the best that can be said of last week’s federal tax hike is that it could’ve been worse. Taxes on the wealthy went up, but “wealthy” was defined as an adjusted gross income starting around $500,000 for married couples, instead of at the $250,000 level favored by President Obama. At least 150,000 New York state households, including small business owners, were thus let off the rate-hike hook — for now, at least. Read More

Governor Cuomo’s office has issued a press release boasting that the state Department of Financial Services has turned down $500 million in proposed private health insurance premium increases. But here’s the thing: New York State is also imposing more than $4 billion a year in taxes and assessments on private health insurance, mainly to subsidize Medicaid and other public insurance programs through the Health Care Reform Act (HCRA) budget. Read More

Senate Majority Dean Skelos today said that “enacting a stronger, permanent Kendra’s Law must be a priority for the 2013 session, and should be included in any legislative agreement on gun safety” as part of New York’s response to the mass murder in Newtown, Ct. (not to mention New York City’s recent subway-shoving incidents). Read More