Rent regulation is not a new issue for New York City. But the headlines in June 2015 were far larger and the reactions more contentious than at any time in recent memory. For the first time in its 46-year history, the Rent Guidelines Board decided that there would be no increase in rents for one-year renewals on rent-stabilized apartments; it also limited increases on two year renewals to two-percent. Not surprisingly, tenants hailed the decision … <Read More>
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Medicaid: 5 Million New Yorkers, $53 Billion and Growing
Fiscal year 2010 Medicaid spending by the fifty states, excluding administrative costs, exceeded $389 billion dollars. New York State led the states in total spending at $52 billion dollars. Medicaid costs are now the largest driver of state and local spending in New York State. Recent changes in State law have helped reduce the local costs, but Medicaid continues to dominate State and local expenses.
Congress in 1965 established Medicaid under Title XIX of the … <Read More>