Cuomo’s Medicaid merry-go-round by Bill Hammond |  | NY Torch

Governor Cuomo is now backing away from Medicaid spending cuts he pushed less than four weeks ago, his second about-face on health-care funding so far this year. Even more head-spinning is his stated rationale: the supposed threat to federal aid outlined in President Trump's budget proposal this week. [Read_more]

One-house megabucks by E.J. McMahon |  | NY Torch

With the clock ticking toward the April 1 start of the next state fiscal year, Assembly Democrats just laid out their budget preferences—and, as usual, they add up to a massive tax-and-spend fantasy. [Read_more]

Jobs grow further apart in NY by E.J. McMahon |  | NY Torch

Newly revised data from the state Labor Department indicate New York's regional economic performance gap has grown larger in the last year.

On a year-to-year basis, the state gained 103,900 private-sector jobs in January—a growth rate of 1.3 percent at a time when the U.S. as a whole was growing by 2.1 percent, according to the state Labor Department's monthly jobs report. [Read_more]

NY’s “heart attack” recovery by E.J. McMahon |  | NY Torch

As the budget process moves into higher gear, Governor Cuomo's "serious as a heart attack" revenue shortfall has turned into something more like angina—but financial risks are mounting along with projected future budget gaps. [Read_more]

New data point up “prevailing” myth by E.J. McMahon |  | NY Torch

Barely one in five private construction workers in New York State was covered by a union contract last year, according to newly released statistics that call into question a state public works "prevailing wage" mandate that assumes 30 percent union coverage of building trades occupations across New York. [Read_more]

Pricing an IVF mandate by Bill Hammond |  | NY Torch

Requiring New York health plans to cover in vitro fertilization would add up to 1.1 percent to premiums, according to a state study belatedly released today. [Read_more]

Gillibrand’s 4 percent fantasy by Bill Hammond |  | NY Torch

Sen. Kirsten Gillibrand is setting herself apart from many "Medicare for All" supporters by offering what sounds like a plan to pay for it. Unfortunately, the revenue source she keeps citing – a 4 percent tax on income – would fall short of what's needed by at least $1 trillion, and more likely $2 trillion, per year. [Read_more]

Lights, camera, cash in! by E.J. McMahon |  | NY Torch

The collapse of New York's effort to lure Amazon's "second headquarters" to Queens with more than $3 billion in city and state incentives sheds fresh light on a bigger, ongoing corporate subsidy—New York State's Film and TV Production Credit. [Read_more]

Tax cap fibs test limits by Ken Girardin |  | NY Torch

Government unions aren’t letting the facts get in the way of their opposition to Governor Andrew Cuomo’s push for a permanent property tax cap.

Testifying in Albany this month on Cuomo’s FY20 Executive Budget, union leaders made a number of misrepresentations regarding the cap, which since 2011 has slowed the growth of property taxes outside New York City. [Read_more]

Sen. Salazar’s good idea by E.J. McMahon |  | NY Torch

State Sen. Julia Salazar, a democratic socialist from Brooklyn, is backing an idea that could appeal to limited-government conservatives across New York.

The first-term legislator has introduced legislation (S.3061) establishing a multi-state compact that would bar member states from offering any "company-specific subsidy." [Read_more]
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