From the desk of E.J. McMahon – Empire Center.org

In From the Desk Of by Hal Peterson0 Comments

Governor Cuomo’s Division of the Budget (DOB) has just issued a Mid-Year Financial update The update reduces revenue projections by $850 million this year, and by another $850 million in each of the next two years, mostly as a result of an estimated $750 million drop in annual personal income tax receipts. As a result, the projected fiscal 2019 budget gap …

You’re November 7th vote

In From the Desk Of by Hal Peterson0 Comments

In a few days’ we will be asked to consider amending the New York State Constitution. Short of a miracle, it is not likely to happen. Why? A short list. One, media emphasis has been lacking and most individuals are unware of it even being a ballot issue, possibly minimizing support. Two, opponents i.e. organized labor groups’ across the board, …

New York constitutional convention vote raises hopes, fears

In From the Desk Of by Hal Peterson0 Comments

Newsday New York constitutional convention vote raises hopes, fears August 26, 2017 By Michael Gormley  michael.gormley@newsday.com   The 1777 convention, which wrote the first state constitution, rejected an attempt to end slavery. Members of New York’s first constitutional convention assemble in front of the courthouse in Kingston on April 20 of that year to listen to the convention secretary as he read …

The Debt Monkey on New York’s Back

In From the Desk Of by Hal Peterson0 Comments

As reported by Nicole Gelinas, a contributing editor to the Manhattan Institute’s City Journal, on both on both the Federal and State level, our economy has powered itself for decades on cheap credit. If that ends, and early signs indicate it might, one part of the economy (in particular) will suffer: ours. New York state and the city depend on …

Additional Commentary – Gov. Cuomos Business Development Program a costly failure.

In From the Desk Of by Hal Peterson0 Comments

Back in early 2015, the Citizens Budget Commission (CBC) issued a fifteen page study of New York’s expanding economic development program titled “Bigger Not Better.” CBC is a nonprofit, nonpartisan civic organization devoted to influencing constructive change in the finances, and services of the state. In the introduction of this report mention is made of some completed activities that have …

Cuomo Is Copying the Worst of Rockefeller

In From the Desk Of by Hal Peterson0 Comments

By E. J. McMahon – Senior Fellow @ the Manhattan Institute January 20, 2016 In his combined State of the State and budget message last week, Gov. Cuomo officially unveiled $100 billion in “transformative” infrastructure projects — enough to “make Governor [Nelson] Rockefeller jealous.” That wouldn’t be easy, even if it were desirable. To finance a 15-year building binge that …

Cuomo will have no trouble finding new muck mates*

In From the Desk Of by Hal Peterson0 Comments

The ar­rest of Ske­los on Mon­day, less than three months af­ter Sil­ver also was busted on fed­eral charges, neuters the lead­ers of both par­ties in both houses of the Leg­is­la­ture. The Em­pire State was never a bas­tion for the pure of heart, but the twin take­downs make this an era of his­toric ve­nal­ity. Still, to call the ar­rests shock­ing wouldn’t …

Three big moves in the wrong direction

In From the Desk Of by Hal Peterson0 Comments

March 24, 2015 By E. J. McMahon The most important financial details of New York’s budget has already have been settled — basically on Cuomo’s terms. And there’s some (mostly) good news: Spending growth will be kept below the governor’s 2 percent target. The bad news? The Democratic-controlled Assembly and Republican-run Senate have agreed to follow the governor’s lead by making …

Wasting A $6 Billion New York Windfall

In From the Desk Of by Hal Peterson0 Comments

April 06, 2015 By E. J. McMahon On April 1, New York state began a new fiscal year in a unique position: sitting on more than $6 billion in extra cash. But rather than seizing the opportunity to reduce the state’s reliance on debt while addressing urgent infrastructure needs, Gov. Andrew Cuomo will squander it largely on political pork and corporate …