Governor Andrew Cuomo has approved a $96 million deficit bonding bailout for Rockland County — with no strings attached, other than once-a-year review of the county executive’s budget proposal by the state comptroller. The bill sets a terrible precedent, signaling distressed municipalities across New York that they, too, might be able to buy time with borrowed money.
Governor Cuomo today signed a bill imposing a 2 percent cap on increases in property tax assessments the “base agricultural assessment value” for farms.
Mayoral candidate Bill de Blasio’s “big, bold” proposal to hike the marginal income tax rate in New York City has smoked out Governor Andrew Cuomo’s now-you-see-it, now-you-don’t supply side.
Local government is a labor-intensive business, and employee compensation is the single biggest element of most municipal budgets. The 2012-13 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...
No city in America can match New York’s broad array of taxes—more typical of a state than of a municipal government. Most New York City residents and businesses are subject to combined state and local tax rates far exceeding national norms. Such high taxes are a headwind against economic growth: they add to overhead, cut into profits, and make it costlier to employ people.
Governor Andrew Cuomo has little hope of closing the state’s projected budget gaps over the next few years if he doesn’t continue to clamp a tight lid on state operations costs — and to that end, he’s pushing for the closure and consolidation of more state prisons and institutions for the mentally ill and developmentally disabled.
In an effort to slash its liabilities, Stockton is notifying its employees that their retiree health insurance coverage is about to be cancelled. And, Nicole says, this is no coincidence
The (apparently) agreed-upon version of Governor Cuomo’s “Tax Free NY” proposal includes a new name for the thing: “SUNY Tax-free Areas toRevitalize and Transform UPstate New York,” or START-UP NY.
Governor Andrew Cuomo has pulled the teeth out of his original proposal to reform the binding arbitration law for police and fire contract disputes, squandering an opportunity to deliver on a key mandate relief priority for many municipalities.
The New York State Professional Firefighters Association (PFFA) was not at all pleased by the Empire Center’s news release last week highlighting the generous pensions of recently retired local police and firefighters.
Don’t look now, but the Legislature is a step away from passing a straight four-year extension of the Taylor Law’s police and binding arbitration provision, which is due to sunset June 30. The Senate extender bill (sponsored by Martin Golden, R-Brooklyn) was reported out of the Civil Service and Pensions Committee last week and advanced to third reading on the floor calendar this week.
Leveraging his clout as sole trustee of New York State’s $160 billion Common Retirement Fund, Comptroller Thomas DiNapoli is making increased use of corporate shareholder resolutions to push political and social agendas that have little or nothing to do with corporate performance