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Old 01-06-2014, 09:31 PM
 
25,556 posts, read 23,969,355 times
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http://www.nytimes.com/2014/01/07/ny...-tax-cuts.html

Cuomo wants to get rid of the state's reputation as an anti business place. He's especially focusing on upstate, which continues to lose population.

I think this is a good start, but I think not only will this have to pass Albany will have to pass other pro business initiatives. New York will have to reduce the welfare complex in NYS, especially that in NYC as that's a huge drain on taxpayer resources. I have no doubt Cuomo will tackle this.
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Old 01-06-2014, 10:44 PM
 
93,283 posts, read 123,898,066 times
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Quote:
Originally Posted by NyWriterdude View Post
http://www.nytimes.com/2014/01/07/ny...-tax-cuts.html

Cuomo wants to get rid of the state's reputation as an anti business place. He's especially focusing on upstate, which continues to lose population.

I think this is a good start, but I think not only will this have to pass Albany will have to pass other pro business initiatives. New York will have to reduce the welfare complex in NYS, especially that in NYC as that's a huge drain on taxpayer resources. I have no doubt Cuomo will tackle this.
Retiree benefits may be as big of an issue actually. Like I mentioned before, the many governmental divisions in the state need to be reduced and given that school taxes make up the biggest portion in plurality, I think that is a good place to start. With this said, the nano tech and recent announcements in regards to jobs in relation to drones are a degree of evidence that all is not lost up here on the job front. I'm curious about the biotech center here in Syracuse to see what comes from that too.

As for the population, we'll see when the official numbers come out, as population losses were overestimated before the last census and 6 out of the 10 metros outside of the NYC area showed population gains between 2000-2010. Saratoga and Orange counties were the two counties with the highest percentage of population growth in the first decade of this century.
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Old 01-10-2014, 01:42 PM
 
Location: NYC
20,550 posts, read 17,697,355 times
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Quote:
Originally Posted by NyWriterdude View Post
http://www.nytimes.com/2014/01/07/ny...-tax-cuts.html

Cuomo wants to get rid of the state's reputation as an anti business place. He's especially focusing on upstate, which continues to lose population.

I think this is a good start, but I think not only will this have to pass Albany will have to pass other pro business initiatives. New York will have to reduce the welfare complex in NYS, especially that in NYC as that's a huge drain on taxpayer resources. I have no doubt Cuomo will tackle this.
Start auditing all those state workers double dipping. Recently uncovered in the news a bunch of former NYPD all faking disabilities and still collecting. All should be jailed imo. This country is too lax on this type of crime and it is too rampant.
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Old 01-10-2014, 01:51 PM
 
Location: Not Oneida
2,909 posts, read 4,270,099 times
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If he makes "cuts" in taxes but not spending who will fill the EBT cards??

The cuts need spending cuts or we are gonna have more debt. IIRC NY is already the number 2 state for debt behind the even bigger train wreck Ca.
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Old 01-10-2014, 03:36 PM
 
Location: Upstate NY/NJ
3,058 posts, read 3,823,340 times
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In total debt, CA is #1. As a more important indicator, debt per person, CA is not even close to NY.

State of California Debt Clock

State of New York Debt Clock
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Old 01-10-2014, 04:12 PM
 
Location: Jamestown, NY
7,840 posts, read 9,197,833 times
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A big issue in Upstate for property taxes is Medicaid, specifically nursing home costs for the many supposedly elderly "poor" who are really middle or upper class but who managed to transfer their assets to their heirs two years before they applied for Medicaid. If NYS changed the time limit for eligibility for Medicaid to 7 years, this would force many more well off elderly to purchase long-term care insurance to protect their assets and significantly lower costs to the Upstate Counties.

IIRC, outside of NYC, including LI, Medicaid costs take up all or close to all of the property tax levies, forcing the counties to rely on sales taxes.
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Old 01-10-2014, 05:10 PM
 
Location: Not Oneida
2,909 posts, read 4,270,099 times
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Quote:
Originally Posted by VintageSunlight View Post
In total debt, CA is #1. As a more important indicator, debt per person, CA is not even close to NY.

State of California Debt Clock

State of New York Debt Clock
Looks like NY has a little Foodie problem compared to CA also. Which is super surprising cause… oh wait it's not surprising at all.
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Old 01-10-2014, 06:54 PM
 
25,556 posts, read 23,969,355 times
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Quote:
Originally Posted by Linda_d View Post
A big issue in Upstate for property taxes is Medicaid, specifically nursing home costs for the many supposedly elderly "poor" who are really middle or upper class but who managed to transfer their assets to their heirs two years before they applied for Medicaid. If NYS changed the time limit for eligibility for Medicaid to 7 years, this would force many more well off elderly to purchase long-term care insurance to protect their assets and significantly lower costs to the Upstate Counties.

IIRC, outside of NYC, including LI, Medicaid costs take up all or close to all of the property tax levies, forcing the counties to rely on sales taxes.
Big issue with long term care insurance. Fewer insurance companies offer it to begin with. MetLife decided not to offer any new long term care insurance.

If you increased the time limit for Medicaid to 7 years, big deal elderly would just put assets in their children's name 2 years earlier.

All states in the country have elderly people who are taken care of by medicaid, and the putting the home in someone else's name is known nationally. Medicaid's costs are a national issue.
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Old 01-11-2014, 05:37 AM
 
Location: Jamestown, NY
7,840 posts, read 9,197,833 times
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Quote:
Originally Posted by NyWriterdude View Post
Big issue with long term care insurance. Fewer insurance companies offer it to begin with. MetLife decided not to offer any new long term care insurance.

If you increased the time limit for Medicaid to 7 years, big deal elderly would just put assets in their children's name 2 years earlier.

All states in the country have elderly people who are taken care of by medicaid, and the putting the home in someone else's name is known nationally. Medicaid's costs are a national issue.
In NYS, it's 2 years not 5 for Medicaid eligibility.
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Old 01-11-2014, 08:42 AM
 
Location: Inis Fada
16,966 posts, read 34,712,359 times
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Quote:
Originally Posted by Linda_d View Post
In NYS, it's 2 years not 5 for Medicaid eligibility.
It is a 5 year look back period for Medicaid in NYS. Look into the Deficit Reduction Act of 2005.
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