Bigger future gaps in new NY budget by E.J. McMahon | | NY Torch

New York's newly enacted state budget for the fiscal year that started April 1 is balanced with higher-than-anticipated tax receipts, but out-year projected budget gaps have grown significantly larger, according to quarterly financial plan update issued late Friday afternoon by Governor Cuomo's Division of the Budget (DOB).

Cuomo’s next union giveaway by Ken Girardin | | NY Torch

When Governor Andrew Cuomo recently signed a bill making it harder for government workers to extricate themselves from labor unions, he said it was just “the first step of the resistance.” So, what will New York’s governor and lawmakers seek to do next for their public-sector union friends?

Unions top lobbying list by Ken Girardin | | NY Torch

New York's government unions collectively spent more on lobbying last year than the state's biggest trial lawyers, landlord, tobacco and hospital interests combined. And topping the list, as usual, was New York’s powerful conglomerate of public education unions.

Exploring NY’s top-heavy PIT base (2018 update) by E.J. McMahon | | Reports

Nearly two-thirds of New York State’s tax receipts are now generated by the personal income tax, or PIT. As a result, the state is very heavily reliant on highest-earning 1 percent of New York taxpayers—whose effective income tax rates have increased sharply under the new federal tax law capping state and local tax (SALT) deductions.

Looking ahead to next year’s Tax Day by E.J. McMahon | | NY Torch

The interactive map on this page depicts how the federal Tax Cuts and Jobs Act (TCJA) will affect New Yorkers in two different adjusted gross income (AGI) ranges: $75,000 to $100,000, and $100,000 to $200,000.

The Cost of Cures by Bill Hammond | | Reports

This report explores recent trends in New York’s Medicaid drug spending, the forces behind them, and how they fit into the national context.

NY’s unsavory new budget by E.J. McMahon | | NY Torch

Last week's New York state budget approval process was even more rushed, secretive, confused and sloppy than usual—stretching through Good Friday and the first night of Passover into the predawn hours of Saturday, March 31—all in the name of meeting an ultimately inconsequential April 1 "deadline" for the start of the new fiscal year.

The budget’s big gift to unions by Ken Girardin | | NY Torch

Buried in the state budget bills rushing towards passage under cover of Passover, Good Friday evening and the coming Easter holiday is the top item on the New York government unions’ wish list—a provision designed to trap public employees into paying union dues.