New York State has long been home to a large share of the nation’s wealthiest households. But since the Great Recession ended, the Empire State has fallen behind when it comes to gaining additional income millionaires
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.
The Smart Schools grant-making process has been sluggish and haphazard, reflecting the program’s overly broad standards and goals.
With some minor variations, the state Labor Department's jobs report for July is almost a repeat of the previous month's numbers.
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.
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.
A technical change in how Medicare compensates hospitals for treating the poor and uninsured has drawn a heated response from Governor Andrew Cuomo that demands clarification.
Citing the danger of "never-ending contracts," Rhode Island's governor has vetoed a law similar to New York's Triborough Amendment.
Last week, Governor Andrew Cuomo staged a series of upstate ribbon-cutting events at which he again touted the region's economic progress. Today came something of a reality check: the monthly state Labor Department jobs report, which showed weak year-to-year private employment growth in upstate's largest metro areas.
Washington lawmakers are contemplating fallback healthcare legislation that risks repeating one of Albany’s most notorious policy blunders – and triggering a “death spiral” in non-group insurance markets nationwide.
Seemingly stalled on health care and Medicaid, congressional Republicans and the Trump administration will soon turn their attention to taxes—another area in which federal reform offers mixed prospects for New York State.
Believe it or not, New Yorkers, your health benefits got a little bit cheaper last year. Unfortunately, they’re still among the costliest in the country.