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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.
Statement
State Budget
Statement on State One-House Budget Proposals
March 12, 2024
The Legislature's one-house proposals shift the budget discussion in the wrong direction. Both houses propose tax increases that would weaken New York’s already precarious competitive position.
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.
Statement
State Budget
Statement on the New York State Executive Budget for Fiscal Year 2025
January 16, 2024
While the budget takes some important initial steps to reduce spending growth, significant additional restraint will still be needed to close the State’s structural budget imbalance.
Statement
State Budget
Statement on Governor Hochul's 2024 State of the State Address
January 09, 2024
Governor Hochul rightly highlighted the importance of ensuring New York is attractive and affordable to businesses and residents and the need to protect New Yorkers from more tax increases.
Report
Energy & Environment
Keys to a Cap-and-Invest Design That’s Earth- and Economy-Focused
Recommendations for a Cost-Effective Program to Meet New York's Ambitious Climate Goals
November 28, 2023
While NYCI provides a great opportunity to reduce emissions in a cost-effective manner and fund critical investments strategically, its success depends on it being well designed and implemented.
Report
State Budget
The Mid-Year Check-in
Six Takeaways from the NYS Financial Plan Update and Quick Start Budget Report
November 20, 2023
The fiscal news of the last three weeks makes one thing clear: This year’s budget process will be unlike those of recent years.
Statement
State Budget
Watchdogs: State’s “Quick Start” Budget Meeting Is Good Government
Sensible for Governor, Comptroller, Senate, and Assembly to Seek Consensus on State Revenues before Starting Debate on Spending
November 14, 2023
“Quick start” is a common-sense way to increase transparency and keep the budget centered on spending priorities instead of bickering over projected revenues.
Statement
State Budget
Statement on New York State’s Mid-Year Update to the Fiscal Year 2024 Financial Plan
October 30, 2023
While the Midyear Update clearly includes some good news, the State is still far from out of the woods.
Special Feature
Education
Mapping School Aid by District
School Year 2023-24
September 06, 2023
The series of maps below provide district-level data on the distribution of school spending, State school aid, enrollment change, and other data for school year 2023-24.
Report
Economic Development
11 Billion Reasons to Rethink
New York's Increasing Economic Development Spending
July 20, 2023
Despite improved disclosure about individual projects, State and local economic development spending continues to increase without sufficient evidence that these programs cost-effectively create jobs or are more beneficial than alternative uses of the funds.
Report
State Budget
Making Hay While the Sun Shines
A Plan to Strengthen New York State’s Rainy Day Fund
June 28, 2023
Today we are left playing catchup with the threats of storm clouds looming on the horizon.
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Enacted Budget Financial Plan
June 12, 2023
NYS's Enacted Budget Financial Plan reveals that the State’s future budget gaps have doubled to $9.1 billion just next year and $13.4 billion in fiscal year 2027.
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Enacted Budget
May 02, 2023
More than a month late, New York State’s elected leaders are finally enacting the Fiscal Year 2024 Budget.
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Budget Conceptual Agreement
April 28, 2023
Four weeks late, Governor Hochul announced the State’s leaders have agreed to a framework for the Fiscal Year 2024 Budget.
Statement
State Budget
Statement on the Ongoing New York State Fiscal Year 2024 Budget Delay
April 20, 2023
Budget negotiations thus far have focused on a few important policy areas, but not much about the billions of dollars and cents in the budget.
Statement
State Budget
Statement on New York State Fiscal Year 2024 Budget Delay
March 31, 2023
While critical policy issues are being hammered out, little if any attention appears directed to how billions of dollars of added unfunded programs will explode the State’s already significant structural budget gap.
Report
State Budget
Lump Sum Warning
$14.8 Billion in Proposed State FY 2024 Discretionary Lump Sum Spending Authority Invites Waste and Corruption
March 31, 2023
The State’s resources should be allocated transparently and based on clearly articulated priorities, quantified assessments of needs, and the likely evidence-driven benefits of the spending.