START-UP NY lost almost as many new job commitments as it added during 2016, signaling the end may be near for the economic development program that Governor Andrew Cuomo once touted as “the greatest economic savior” for upstate New York.
Calls to “defund” New York’s SAFE Act gun-control law have become standard fare during the budget process—but the goal is completely impractical.
The population of upstate New York declined by another 23,434 people between 2015 and 2016, while the population increase downstate slowed markedly.
Reform in the shape of a block grant would replace the current system of open-ended matching aid, which has been blamed for encouraging overspending and gamesmanship as some states sought to maximize their federal funding. A prime example of the phenomenon is New York, which operates one of the costliest Medicaid programs in the country.
Clashing abortion policies could block or restrict New Yorkers from claiming health insurance tax credits under the House Republicans’ Obamacare replacement plan.
The Medicaid “block grant” being proposed by House Republicans would be far less costly to state governments than previously projected under a draft Obamacare replacement bill that became public on Friday.
Thursday’s budget hearing raised an eye-opening fact about the impact of increasing pharmaceutical costs on New York’s Medicaid program: Rebates reduce the state’s bottom line by almost half.
Nearly two-thirds of New York State’s tax receipts are now generated by the personal income tax, or PIT, which relies disproportionately on the highest-earning one percent of New York taxpayers.
This paper presents charts and tables highlighting notable trends in state PIT data in light of proposals to extend or increase the state’s so-called “millionaire tax,” along with scheduled PIT rate reductions in tax brackets below the highest income levels.
A close look at Cuomo’s plan to contain prescription drug costs – which relies on heavy-handed price controls – raises doubts as to its fairness, effectiveness, workability, and even legality.
Taxpayers beware: the annual push to water down New York’s property tax cap is underway in the state Legislature.
The checklist's reforms would reduce the state’s cost burdens and improve its climate for growth.
When it comes to soaking the rich to pad the state budget, Assembly Speaker Carl Heastie won't be outdone by Governor Andrew Cuomo's "millionaire tax."