The Cuomo administration has issued a remarkably flimsy, misleading and superficial analysis of the minimum wage increases enacted by New York State since 2013. Read More
Research
In buckling under pressure and threats from Governor Andrew Cuomo, National Grid has firmed up a troubling new normal of regulatory policy in New York State. Read More
Residents of the Mid-Hudson village of Liberty had the highest effective property tax rate in New York (outside New York City and Nassau) during fiscal year 2019, according to the newest edition of Benchmarking NY, the Empire Center’s annual examination of local property taxes. Read More
The remarkable thing about state's multi-billion-dollar Medicaid crisis is that it is almost entirely the result of the Cuomo administration's own actions. There is no economic downturn or change in federal policy that explains the program's current $4 billion deficit, or its $3 billion projected gap in the next fiscal year, as confirmed in Friday's mid-year update to the state financial plan. Read More
Thanks to Medicaid over-spending, New York’s state budget gaps have blown up to their highest levels since the Great Recession. Read More
Governor Andrew Cuomo’s regulatory attack on National Grid’s Long Island gas moratorium threatens to have broader negative financial effects on all of the state’s investor-owned utilities—with implications for the overall business climate as well. Read More
To fight crime and fare evasion in New York City subways, the state Metropolitan Transportation Authority plans to hire 500 more officers for its police department—an unprecedented expansion of what's already one of the largest police forces based in New York State. As of 2018, the MTA Police employed a total of 773 officers, including new hires and officers who retired or otherwise left the payroll during the year, according to records posted at SeeThroughNY, the Empire Center's transparency website. MTA Police pay averaged $131,959, including average overtime of $34,936. The number of MTA Police officers was the highest in at least six years; in 2013, there 99 fewer total officers employed by the department. Read More
New York’s ongoing experiment in state-run venture capital investment appears—not for the first time—to have been ripped off. Read More
Why are contract negotiations between public officials and public employee unions routinely conducted behind closed doors? One of New York’s largest public-sector unions has spilled the beans: it’s better for them. Read More
Elizabeth Warren is an unabashed believer in wealth redistribution, so it was predictable that her Medicare for All plan would hit high-income individuals and large corporations with trillions in tax hikes. More surprising are the two other targets she chooses to soak: states that spend most heavily on Medicaid, and employers that offer the costliest health benefits. Read More
Newly released federal data on personal income growth last year point to the continued economic weakness of upstate New York. Measured in current dollars, unadjusted for inflation, personal income nationally increased 5.6 percent from 2017 to 2018, according to the Bureau of Economic Affairs (BEA). Read More
The Cuomo administration has admitted there is a “structural imbalance” in its massive Medicaid budget, which means the Empire State’s biggest single government program is spending beyond its means. So, what does Gov. Andrew Cuomo plan to do about it? Some hint of the answer might be forthcoming in a midyear financial update — whenever, that is, Cuomo gets around to issuing one as required by law. That report is now two weeks overdue. Read More