Cuomo holds course by Ken Girardin | | NY Torch

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.

Cuomo’s cut of CVS-Aetna by Bill Hammond | | NY Torch

In approving the $69 billion merger of CVS and Aetna, the state Department of Financial Services attached a noteworthy condition: The two companies must forward $40 million to the state of New York. It was the second time this year that the Cuomo administration has leveraged its regulatory authority over a health insurance company to extract a large sum of cash.

AlbanyCare and property taxes by Bill Hammond | | NY Torch

The latest too-good-to-be-true argument for single-payer comes from Albany City Treasurer Darius Shahinfar, who claims that a government-funded statewide health plan would dramatically reduce property taxes. In reality, the savings for local taxpayers, if any, would likely be a fraction of what Shahinfar estimates. And they would come at the cost of the largest increase in state taxes that New York has ever seen, not to mention wholesale disruption of the entire health-care system.

State $hortfalls shrinking by E.J. McMahon | | NY Torch

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.
1 3 4 5 146