New York continues to lead the nation when it comes to net outflow of residents to other states.
Governor Andrew Cuomo on Friday again vetoed a pair of union-backed bills designed to sweeten pensions and discourage use of private contractors by state agencies—a positive signal for his third term.
New York State's public education establishment has issued its annual state budget recommendations — unmoored from fiscal reality, as usual.
A recommended 64 percent pay increase for New York’s state legislators would give lawmakers the highest inflation-adjusted salary in the nation and in state history.
The stock market's slump—and the economic uncertainty it reflects—should raise a yellow caution flag over New York State's budget outlook.
The fate of two government union-backed bills now awaiting Governor Andrew Cuomo’s signature will give an indication of how the governor will tackle major fiscal issues in his third term.
New York’s statewide teachers union is collecting cash from about 6,000 fewer people than it was before the Supreme Court ruling that ended compulsory union fees for public employees.
New York State's budget outlook for fiscal 2020 is improving, according to the Mid-Year Financial Plan update issued today by Governor Cuomo's Division of the Budget (DOB)
The Mid-Year Update—released 10 days past the Oct. 30 deadline, keeping alive the Governor's perfect record of annual tardiness—pegs the budget gap at $3.070 billion for the fiscal year that starts next April 1. That's down from $4.027 billion as of the end of the first fiscal quarter.
Seven years after its enactment, Governor Andrew Cuomo’s cap on property tax levies continues to be a target of unfounded criticism by some politicians and candidates who either don’t understand the cap or deliberately misrepresent how it works.
In the heat of close-fought elections that could give them a state Senate majority for the first time in 10 years, Democrats have been sending mixed signals on single-payer health care.
In a press conference at Albany Medical Center on Monday, Senator Chuck Schumer deplored what he called a "dramatic cut to upstate New York hospitals," which he claimed would force layoffs and threaten "critical care services such as cancer treatment, addiction treatment and prescription drug access." The senator's depiction of a complex policy change was alarmist and misleading.
The highest earning one percent of New York City residents generated 43 percent of city income taxes and 51 percent of the New York State income taxes collected from individuals living in the city as of 2016, according to newly released data from the Independent Budget Office (IBO).
The IBO's latest tax liability estimates highlight once again New York's heavy dependence on the top 1 percent, for which the income cut point as of 2016 was $713,706.