California Dreamin’ on SALT by E.J. McMahon | | NY Torch

Governor Andrew Cuomo today staged a public joint conference-call with California Governor Jerry Brown to discuss the impact on their respective states of a proposal to eliminate the state and local tax deduction (SALT on federal income taxes.

Trouble on NY’s budget horizon by E.J. McMahon | | NY Torch

The September cash report from the state comptroller's office—an important indicator of New York's fiscal health at the halfway mark of the fiscal year—highlights growing budgetary worries for Governor Cuomo and (ultimately) the Legislature.

The report showed that total state tax receipts through September 30 had come in $387 million below the level projected for that period in the First Quarterly Update issued in July—which itself reflected a $1.6 billion downward adjustment from the cash flow projection in the Executive Budget presented by Cuomo in January.

SALT loss, upstate tax wound by E.J. McMahon | | NY Torch

Vice President Pence visited western New York to tout a federal tax reform plan that could still end up saving less for Buffalo area taxpayers than their counterparts elsewhere in the country.

About Trump’s tax “framework” by E.J. McMahon | | NY Torch

The tax reform “framework” issued Wednesday by President Trump and congressional Republican leaders told us little we didn’t already know about their shared tax policy goals—while continuing to leave many key questions unanswered.

NY metros’ weak GDP growth by E.J. McMahon | | NY Torch

All 12 of New York State's metropolitan statistical areas had economic growth rates below the national average in 2016, according to newly released federal data.

How money doesn’t walk by E.J. McMahon | | NY Torch

New York's loss of residents to other states is a long-established and troubling trend. But the impact of out-migration on the Empire State's economy, and on personal income in particular, is another, more complicated story.

Unfortunately, the annual release of Internal Revenue Service (IRS) data on interstate taxpayer migration continues to inspire some wrongheaded conclusions on this score.

What They Make, 2016-17 | Reports

Local government is a labor-intensive business, and employee compensation is the single biggest element of most municipal budgets. The 2016-17 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.

Uninsured rate drops more slowly by Bill Hammond | | NY Torch

A historic decline in the uninsured population continued in 2016, both nationwide and in New York, albeit at a slower rate that signals a plateauing trend, according to data released Tuesday by the Census Bureau.

Still ticking, all the same by E.J. McMahon | | NY Torch

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.
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