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Report
State Budget
Up and Away
State Budget Proposals Miss the Mark and Compound Fiscal Problems
March 26, 2024
As New York State lawmakers negotiate the State’s Fiscal Year 2025 Enacted Budget, they risk adding unsustainable spending, driving growth above 6 percent a year, and widening the structural gap to $20.3 billion.
Report
Education
Target and Tighten
The Sustainable Path for School Aid Growth in New York
March 13, 2024
The State’s burgeoning SOF spending has widened budget gaps. Spending restraint is needed to close those gaps, and that will only be accomplished by limiting growth in school aid, which is nearly 30 percent of SOF spending.
Report
State Budget
NYS Budget Outlook
Brighter Economy Has Not Closed Gaps; Focus Should Be Spending Restraint, with More Sunshine on Basic Breakouts
March 07, 2024
Continued strength in the economy has improved the tax receipts outlook for the State, but improving tax receipts are not and will not be the entire solution to closing out-year gaps.
Report
State Budget
Excelsior!
New York State Spending Growth Continues
February 22, 2024
Forward-looking budget choices this year–namely not layering on further tax and spending increases–would relieve the building budget pressure and stave off a potentially harsh fiscal reckoning.
Report
State Budget
Top of the Charts
New York and Its Localities Were #1 in Taxes and #2 in Spending
February 13, 2024
New York does not exist in a vacuum. It competes with other places, and other jurisdictions’ experiences provide an important perspective on the different choices that are being made.
Op Ed
City Budget
Taking Control of New York’s Budgetary Future
Vital City
January 25, 2024
Budget season kicked off with an Albany-New York City doubleheader last week, with brightening skies in both places thanks to proactive efforts to cut costs (especially in the city) and a resilient economy that is bringing in higher-than-projected tax receipts.
Report
Education
Better Targeting New York’s Pupil Transportation Aid
December 12, 2012
This brief examines education funding in New York State with an emphasis on the distribution of funding versus costs across school districts. The brief includes recommended reforms to the State aid formulas in order to better target resources to the neediest districts and promote greater efficiency in school district management.
Report
Economic Development
Recommendations for the Next Round of Economic Development Council Awards
October 10, 2012
This brief analyzes the first round of awards for New York State's Regional Economic Development Councils and provides recommendations to standardize and improve evaluation of programs, as well as move toward a unified economic development budget.
Testimony
Education
Testimony to the Education Reform Commission
July 26, 2012
Simply put, the aggregate amount of money is not the problem. Rather, current funding needs to be re-targeted to reflect new priorities.
Report
Transportation
Refunding the MTA's Debt
The Importance of Getting it Right
May 06, 2012
This brief examines the Metropolitan Transportation Authority's (MTA) large-scale refunding of outstandingdebt. It focuses on a refunding that saves money and spreads debt service costs fairly over time and does not juggle the timing of debt service costs in a manner places unfair costs on riders and taxpayers in the more
distant future.
Report
Capital Spending
6 Things New Yorkers Should Know About Prevailing Wage
February 13, 2012
This report is intended to provide New Yorkers with an understanding of how prevailing wage law works so they can understand and evaluate the arguments in the current debate.
Op Ed
Pensions & Benefits
Carol Kellermann: Pension Reform is Highest Priority
January 16, 2012
President Carol Kellermann pens an op-ed urging Governor Cuomo to pursue pension reform in his 2012-2013 Executive Budget.
Report
Pensions & Benefits
The First Priority in the New Year – Pension Reform
January 10, 2012
This brief examines pension cost growth in New York State and its effect on the New York's competitiveness. It recommends the adoption of a new tier of pension plans known as the Tier VI Proposal.