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Ever Upward

Ever Upward

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"Drop Dead" + 50
It's been a half-century since Gerald Ford gave a famous speech ruling out federal assistance to a virtually bankrupt New York City.
 • E.J. McMahon
Public pension costs rising again for NY state and local governments
Investment returns were adequate in FY 2025, but other factors will play a larger role in driving up employer contributions
 • E.J. McMahon
Federal tax watch: the latest SALT twist in Washington's budget bill
The pending Senate version drops a provision that would have raised federal taxes on professional services firms in New York and other high tax states
 • E.J. McMahon
Spending like there's no tomorrow
Adjusting for inflation, a key New York state budget measure is rising at its second fastest rate in 40 years
 • E.J. McMahon
A tax hike for some key NY firms is lurking in Trump's tax cut bill
Unincorporated finance partnerships, among others, would lose access to a SALT cap workaround
 • E.J. McMahon
The tariff shock is a warning message to Albany
Governor Hochul and the Legislature seem to be ignoring its implications for the FY2026 state budget
 • E.J. McMahon
With next budget pending, Albany acknowledges the obvious
Likely federal spending cuts will have huge implications for the state budget—but the governor and legislative leaders apparently are content to start a…
 • E.J. McMahon
Ever Upward
Ever Upward
A journal of the Empire State
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