Author Archive
Opinion
Opinion
Don’t bring back the stock transfer tax
It could drive business out of New York and won’t live up to revenue projections.
Andrew Cuomo
Opinion
New York keeps shortchanging poor students
New York's Foundation Aid formula has major shortcomings, which include using a decade of inconsistent local share calculations, arbitrary floors and ceilings, old demographic data and guaranteed increases regardless of changing demographics or enrollment. As a result of these distortions, excess aid is sent to wealthy districts and poorer districts get shortchanged. The state cannot afford to fully fund the warped formula, yet advocates are calling for a $2 billion increase in Foundation Aid in the coming year.
