New York State still at the top of the heap for spending and taxing, new report finds - NYPOST.com
Monday, July 23, 2012
New York and California enacted the biggest of 40 state tax or fee hikes during the
global financial crisis between fiscal years 2009 and 2011, the “Report of the State Budget Crisis Task Force” found in warning that monetary woes are limiting states’ ability to deliver basic services.New York nearly doubled its education spending per student from 1999 to 2009, boosting it to 68 percent above the national average.
And the Empire State’s Medicaid program spends more than Florida, Texas and Pennsylvania combined with 72 cents of every dollar going to optional medical services for the poor and disabled, the report found.
The task force, created to study state finances in the wake of the financial meltdown, did credit Gov. Cuomo for taking steps to rein in Medicaid spending.
But the report’s “unambiguous” conclusion about state governments stated, “The existing trajectory of state spending, taxation, and administrative practices cannot be sustained. The basic problem is not cyclical. It is structural.”
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By ERIK KRISS Bureau Chief
Last Updated: 4:46 AM, July 18, 2012
Posted: 1:16 AM, July 18, 2012
