NY’s regional job divide continues by E.J. McMahon |  | NY Torch

Year-over-year private-sector job growth in New York continued along a familiar path last month—stronger downstate than upstate, and somewhat weaker overall than the national average. [Read_more]

Tax cap wreaks chaos—not by Ken Girardin |  | NY Torch

In the wake of Tuesday’s school budget votes, 16 school districts around New York must decide whether to call for a second referendum after seeing their original proposals rejected. [Read_more]

Another SALT work-around emerges by E.J. McMahon |  | NY Torch

After months of behind-the-scenes work, the state Department of Taxation and Finance is circulating a "discussion draft" of proposed bill language creating a new form of state tax designed to preserve some federal income tax deductibility for state and local taxes (SALT) paid by partners in unincorporated firms. [Read_more]

Bigger future gaps in new NY budget by E.J. McMahon |  | NY Torch

New York's newly enacted state budget for the fiscal year that started April 1 is balanced with higher-than-anticipated tax receipts, but out-year projected budget gaps have grown significantly larger, according to quarterly financial plan update issued late Friday afternoon by Governor Cuomo's Division of the Budget (DOB).

[Read_more]

Nashville’s gain, NY’s loss by E.J. McMahon |  | NY Torch

High-tax New York has just lost one of its oldest money-management firms to low-tax Nashville, Tennessee—highlighting an ongoing shift of Wall Street jobs, and of high earners in general. [Read_more]

‘Mandate Watch,’ 2018 edition by Bill Hammond |  | NY Torch

Our latest scan of pending health insurance mandates identified 120 bills, an increase of 29, or almost one-third, since Mandate Watch was inaugurated in March 2017.

[Read_more]

Cuomo’s next union giveaway by Ken Girardin |  | NY Torch

When Governor Andrew Cuomo recently signed a bill making it harder for government workers to extricate themselves from labor unions, he said it was just “the first step of the resistance.” So, what will New York’s governor and lawmakers seek to do next for their public-sector union friends? [Read_more]

Who gained coverage under the ACA by Bill Hammond |  | NY Torch

Health coverage gains under the Affordable Care Act were concentrated where they were needed most—among lower-income groups and in the five boroughs of New York City—recently released Census Bureau data show. [Read_more]

The Medicaid takeover, revisited by Bill Hammond |  | NY Torch

Any plan to reduce or eliminate what local governments pay into New York’s Medicaid budget would inevitably create winners and losers. The Assembly Republicans’ version, unveiled last month, is no exception. [Read_more]

Unions top lobbying list by Ken Girardin |  | NY Torch

New York's government unions collectively spent more on lobbying last year than the state's biggest trial lawyers, landlord, tobacco and hospital interests combined. And topping the list, as usual, was New York’s powerful conglomerate of public education unions. [Read_more]
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