New
York State should restrain state spending and reject higher
taxes in crafting a 2003 state budget in challenging fiscal
circumstances, The Business Council has advised Governor George
Pataki.
Noting
that tax cuts and spending restraint in the mid-1990s helped
reverse historic job losses of the early 1990s, Business Council
President Daniel B
Nearly half
of all states are responding to budget challenges in the current fiscal
year by reducing state spending in net enacted budgets, a new analysis
shows.
The National
Governors Association (NGA) and the National Association of State Budget
Officers (NASBO) released their biannual report, The Fiscal Survey of
States, on Nov
ALBANYThe pharmaceutical industry has outperformed other manufacturing
industries in New York and can grow even more. But it will realize its potential
only if New York continues investing in biotech R&D and rejects any ill-advised
punitive campaigns against the industry, a new report from The Public Policy
Institute argues
Health-care
consumers can use an upstate health insurer's Web site to
compare the performance of different upstate hospitals in
treating specific ailments or performing specific surgical
procedures.
The
new service has been introduced by Excellus Inc
ALBANYThe "tax gap" between New York and other states is at
its smallest since the 1970s, but New Yorkers still bear a heavier
tax burden than most Americans, a Public Policy Institute analysis
of new U.S. Census Bureau data shows.
As of fiscal 2000, combined state and local taxes in the Empire State
averaged $4,578 for every resident — some 48 percent above the
average for all states
The
state Senate has approved a bill to extend the state's current
law governing the siting of power plants until July of 2007.
Article
X of the state's Public Service Law is due to expire Dec.
31. The Business Council has strongly advocated improvements
to Article X that will accelerate the plant siting process
and make it easier for the state to add the new generating
capacity it needs
A new poll of New York voters shows that New Yorkers by a significant margin prefer cuts in government to higher
taxes, as Albany deals with the state's current fiscal challenges.
More than half of New Yorkers polled (52 percent) said the state should cut services to balance the budget, a poll
by the Quinnipiac University Polling Institute poll showed
A
new study offers new evidence that New York's competitiveness
would improve if it cut its overall tax burden, government
debt, and other costs of job creation, including workers'
compensation and electricity costs
New
York State's Medicaid spending has grown almost twice as fast
as aid to schools since fiscal 1988 and even faster compared
to spending on higher education, a Dec. 13 fiscal analysis
by The Public Policy Institute of New York State shows
Although
total government spending in New York is too high, New York
ranks dead last among all states in investing in higher education,
one area of spending that is critical to the state's economic
future, a new fiscal analysis from The Public Policy Institute
of New York State shows