About Trump’s tax “framework” by E.J. McMahon | | NY Torch

The tax reform “framework” issued Wednesday by President Trump and congressional Republican leaders told us little we didn’t already know about their shared tax policy goals—while continuing to leave many key questions unanswered.

NY metros’ weak GDP growth by E.J. McMahon | | NY Torch

All 12 of New York State's metropolitan statistical areas had economic growth rates below the national average in 2016, according to newly released federal data.

How money doesn’t walk by E.J. McMahon | | NY Torch

New York's loss of residents to other states is a long-established and troubling trend. But the impact of out-migration on the Empire State's economy, and on personal income in particular, is another, more complicated story.

Unfortunately, the annual release of Internal Revenue Service (IRS) data on interstate taxpayer migration continues to inspire some wrongheaded conclusions on this score.

What They Make, 2016-17 | Reports

Local government is a labor-intensive business, and employee compensation is the single biggest element of most municipal budgets. The 2016-17 edition of What They Make, the Empire Center’s annual report on public payrolls, allows New York taxpayers to compare this key element of local government costs around the state.

Uninsured rate drops more slowly by Bill Hammond | | NY Torch

A historic decline in the uninsured population continued in 2016, both nationwide and in New York, albeit at a slower rate that signals a plateauing trend, according to data released Tuesday by the Census Bureau.

Still ticking, all the same by E.J. McMahon | | NY Torch

On the heels of a strong investment return in 2017, Comptroller Thomas DiNapoli just announced a slight reduction in taxpayer-funded pension rates for the state and its local governments.

De Blasio’s awful tax hike timing by E.J. McMahon | | NY Torch

Mayor Bill de Blasio says the wealthiest New Yorkers should "chip in a little extra"—a mere $800 million in higher income taxes, or an average of $25,000 per affected household—to pay for subway improvements and transit fare subsidies. But given Washington's tax reform agenda, de Blasio's latest soak-the-rich tax hike proposal is badly timed.

State’s retiree health debt grows by E.J. McMahon | | NY Torch

New York State's unfunded liability for other post-employment benefits (OPEB) grew to $87.3 billion in fiscal 2017, a $9.4 billion increase over the previous year, according to a disclosure in the state Budget Division's just-released Financial Plan Update for the first quarter of fiscal 2017.