Significant changes in state and local tax rates can have significant consequences for New York City's economy. But how do we measure and predict those consequences? To answer that question, the Manhattan Institute's Empire Center for Public Policy has commissioned an updated and upgraded version of the State Tax Analysis Modeling Program (STAMP), developed by the Beacon Hill Institute at Suffolk University in Boston, Mass. Read More
Aside from sympathizing with the plight of New York City residents left to beg rides or trudge to work in frigid temperatures, Upstate New Yorkers probably assumed they didn't have much at stake in last week's transit strike. Read More
Among many other things, this transit strike has been a learning experience for a whole new generation of Yorkers too young to remember issues raised by municipal labor unrest of the 1960s and the fiscal crisis of the 1970s. Read More
A proposal by the Metropolitan Transportation Authority to restructure employee pensions reportedly was the issue that this week's illegal strike by Local 100 of the Transport Workers Union. Read More
Disputes over wages, health insurance and work rules, are nothing new in transit negotiations. But one of the most contentious issues in the latest contract talks between the Metropolitan Transportation Authority and Local 100 of the Transport Workers Union has implications that go far beyond the cost of a MetroCard. Read More
Reinforcing New York City’s improved policing strategies in the 1990s were tougher sentencing laws and a significant expansion of the city and state correctional systems. Would-be criminals in the Big Apple came to realize that they were not only more likely to get caught, but more likely to end up serving hard time. Read More
The last four years have seen a remarkable turnabout in tax policy of New York City. Considerable progress was made in reducing tax rates and the overall tax burden under former Mayor Rudolph Giuliani, from 1994 through 2001. But since 2002, the city under Mayor Bloomberg has raised taxes by up to $3 billion, two-thirds of which consisted of a record property tax hike. Read More
Fresh from the voters' resounding rejection of Prop One - the so-called "budget reform" that really amounted to a prescription for runaway spending - some legislative leaders are already pledging they will revisit elements of the same dubious package. Read More
One of the more striking aspects of this year's mayoral campaign has been the lack of any substantial debate on New York City's tax policy. To be sure, Fernando Ferrer has done his share of carping about Michael Bloomberg's tax hikes. Read More
As more of the facts emerge about Proposal One on the Nov. 8 statewide ballot, New Yorkers are discovering that this attempt by Albany insiders to protect lawmakers' paychecks and rewrite the state constitution is hardly the "reform" its supporters have made it out to be. Read More
On October 4, Governor Paterson signed S.7451/A.10764, a bill that allows home-based child care providers to unionize -- adding more than 65,000 child care providers to the already powerful Civil Service Employees Association (CSEA) and the United Federation of Teachers (UFT). Paterson's signature codifies... Read More
After failing to adopt a budget on time for 20 of the last 21 years, New York State legislative leaders are seeking voter approval of a constitutional amendment that they insist on characterizing as “budget reform.” Budget de-form would be more like it. Read More