Article

The Public Fisc in New York State

Charles Brecher

in The Oxford Handbook of New York State Government and Politics

Published in print September 2012 | ISBN: 9780195387230
Published online December 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195387230.013.0020

Series: Oxford Handbooks

The Public Fisc in New York State

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This article elaborates on the understanding of New York's public fiscal position. The choice of counting rules has a dramatic impact on the understanding of the size of government and interpretation of its fiscal health. The decentralized character of New York's public fiscal position derives from impacts of policy practices in four key areas: social welfare, education, public employee pensions, and collective bargaining. Debt is both a useful and respected tool of public finance and a dangerous temptation for elected officials. New York is among the most heavily indebted states in the nation. With respect to Medicaid and public assistance, the City of New York and virtually all counties favor increased state financing. The area with the greatest potential for change is the heavy decentralization of public fiscal matters in New York.

Keywords: public fisc; New York; government; fiscal health; social welfare; education; public employee pensions; collective bargaining; Medicaid

Article.  10528 words. 

Subjects: Politics ; US Politics ; Public Policy ; Political Economy

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