What They Make, 2012-13 by Tim Hoefer & Daniel Russo | | Reports

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...

Overburdened by E.J. McMahon | | Commentary, Reports

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.

Cuomo continues institutional downsizing by E.J. McMahon | | NY Torch

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.

Legislature poised to renew costly arbitration by E.J. McMahon | | NY Torch

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.

Cuomo’s “tax-free” fever by E.J. McMahon | | NY Torch

It’s “big”! It’s “bold”! It “could really make a difference“! It’s Governor Andrew Cuomo’s Tax-Free NY proposal, subject of some of the biggest, boldest gubernatorial rhetoric since … well, since Cuomo’s launch two weeks ago of round three of the state Regional Economic Development Councils, which in turn came on the heels of a resort gaming destination plan in early May, neither of which should be confused with the “new day” proclaimed by the governor at last year’s yogurt summit.

First thoughts on “Tax-Free NY” by E.J. McMahon | | NY Torch

The one promising new wrinkle in the upstate economic development plan unveiled today by Governor Andrew Cuomo is the offer of full (if impermanent) exemptions from state business and personal income taxes, as well as sales taxes, to firms that expand into designated Tax Free Zones at colleges, universities and “strategically located state-owned” properties.
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