Streams

 

Ej Mcmahon

The Empire

Cuomo won't show his hand, leading to questions about what's up his sleeve

Thursday, November 10, 2011

Getty

EJ McMahon of the Manhattan Institute has an interesting op-ed in today's New York Post. He goes after Governor Andrew "The Government" Cuomo for blowing by a set of legally mandated budget reviews. Something's fishy about the whole thing for McMahon--and, to be honest, with many reporters--since the argument that volatility in European markets just doesn't make a lot of sense.

[The Division of the Budget] has coped with even more uncertainty in the recent past. In fall 2001, the budget agency under Gov. George Patakimanaged to issue a financial plan update less than 10 days after the attack on the World Trade Center. In the midst of a full-blown Wall Street panic in fall 2008, with David Paterson barely settled in the governor’s office, it issued its mid-year update two days early. In 2009, as stock-market volatility rose toward record highs, the mid-year report was right on schedule.

So what gives, Gov? In conversations with people involved in the budget process, some directly, there has been a calm reciting of the same reasons the governor has given for the delay. There was no reason, I was told, to be alarmed.

Read More

Comments [1]

The Empire

New York continues population drain: Empire Center

Tuesday, August 02, 2011

The Empire Center's EJ McMahon and Robert Scardamalia released a new report today on New York's continued population loss. Among the report's findings:

  • Since 1960, New York has lost 7.3 million residents to the rest of the country.  This was partially offset by an influx of 4.8 million foreign immigrants, resulting in a net decline of 2.5 million residents.
  • New York’s average annual domestic migration loss – the difference between people moving in from other states and out to other states -- jumped from about 60,000 people in the 1960s to an all-time high of nearly 237,000 in the 1970s.  The state’s domestic migration outflows have averaged between 130,000 and 160,000 a year since 1980.
  • For a second consecutive decade, New York’s net population loss due to domestic migration was the highest of any state as a percentage of population.
  • New York’s net migration loss – the sum of domestic and foreign migration – increased over the last decade to its highest levelsince the 1970s. Thirteen states had negative net migration between 2000 and 2010, and only three (Illinois, Louisiana and Michigan) lost a bigger share of their populations to migration than New York.
Read More

Comment

WNYC News

Cuomo Tries to Reinvent Albany With Bold First Budget

Wednesday, February 02, 2011

WNYC

By the end of his hour-long budget presentation Tuesday, Cuomo had cast himself as a transformer: changing Albany's decades-old budget habits, and repositioning the state "nationally" as an economic destination for the private sector.

Comments [1]

The Empire

Unimpressed with Bloomberg and Cuomo's push on pension reforms

Friday, January 21, 2011

An unimpressed EJ McMahon questions Bloomberg's record on what he now calls the city's #1 priority (and adds some skepticism of the new governor too):

McMahon:

[T]he only pension change the mayor has, in effect, negotiated during his tenure (via a side deal with the teachers union) was exceedingly modest. For example, the taxpayer-guaranteed rate of return on teachers' tax-deferred annuity accounts was reduced from 8.25 to 7 percent. Try getting that on your personal retirement account.

Bloomberg expressed hope that Gov. Cuomo would support his agenda because Cuomo "campaigned on pension reform." If only that were actually true. On pensions, as on so many other issues, Cuomo has ranged from coy to vague, embracing the concept of reform with no details.

It's by no means clear that Cuomo will support Bloomberg -- and on collective bargaining, he absolutely shouldn't. But in this area, as on so many others, New York's governor may be the best hope for serious reform.

Read More

Comment