First local tax cap override by E.J. McMahon | | NY Torch

The St. Lawrence County Board of Legislators is holding a public hearing today on a proposal to override the state's new property tax cap as part of the county's budget. Although the tentative 2012 county budget is not due until Nov. 15, local news r...

More on those rising pension costs by E.J. McMahon | | NY Torch

New York's cities, already the most fiscally stressed class of local governments in the state, will be hit especially hard by the next wave of pension contribution increases announced yesterday by the state comptroller. That's because city payrolls t...

NY’s property tax admin rated worst in US by E.J. McMahon | | NY Torch

As if it wasn't bad enough that New York imposes some of the nation's highest property taxes, the Empire State's patchwork system of local property tax administration is rated the nation's worst in a new scorecard compiled by a corporate-sponsored ta...

Cuomo’s veto reasoning by E.J. McMahon | | NY Torch

Governors often veto legislation on narrow technical grounds, effectively leaving the door ajar for sponsors of bad bills to try again with a somewhat different approach. But that's not the case with Gov. Andrew Cuomo's just-released Veto Message 23 ...

Cuomo vetoes school pension bond bill by E.J. McMahon | | NY Torch

The governor has rejected legislation that would undermine the intent of New York's newly enacted property tax cap by allowing school districts to issue 15-year bonds to cover a portion of their rising teacher pension costs. The Executive Chamber's n...