Last month, at a State Legislature hearing in Albany on the Governor’s proposed budget, Mayor de Blasio faced repeated questions about why New York City is exempt from the cap on property tax increases that applies elsewhere in the state. The legislators cited a variety of reasons why the city should accept a cap, although few hold up to scrutiny – most notably the assertion that a cap was a “fix” for the city’s broken … <Read More>
Medicaid
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>