Opinions

It could be better than allowing reckless spending to ruin the whole state.



Perhaps the only solution for New York’s ineffective state lawmakers is to completely dismantle Albany.

Consider this: The state is grappling with an alarming $18.2 billion deficit projected through 2029, while exorbitant taxes continue to drive residents away from New York.

Yet, the Legislature’s response is to allocate billions more — and once again raise taxes on “the wealthy.”

Indeed: Both the Democrat-controlled Assembly and state Senate have recently released budget proposals that propose an additional $4 billion in new spending for Fiscal 2026.

This is in addition to the $9 billion Gov. Kathy Hochul intends to add.

The outcome would result in a budget nearing $260 billion — equivalent to the yearly expenditure of the entire population of Greece. State operating funds would see a growth of 13.7%, exceeding four times the rate of inflation.

Indeed, the final tally, after discussions between the governor and the Legislature’s spendthrifts, might be somewhat reduced.

However, the inevitable reckoning may not occur for several years.

Yet, be assured, it’s on the horizon: “Skyrocketing spending is undermining New York’s fiscal stability,” declares the Citizens Budget Commission.

“The one-house budgets proposed by the Legislature advocate increasing spending and taxes in an already tenuous State budget” and fail to brace for “potential significant federal budget reductions.”

Or the possibility of an economic downturn.

Or to ensure the mass transit systems remain operational.

The reality is clear: New York’s financial situation is severely imbalanced, and Democratic lawmakers appear focused on exacerbating the issue.

Just take a look at their initiative to increase tax rates on the wealthy and corporations once more, even though New York and its municipalities already impose more taxes (both per capita and per $1,000 of income) than any other state.

Do they genuinely believe that tax increases will prevent the departure of the very taxpayers essential for covering costs?

Something must change.

But do not expect Hochul to remedy the situation.

The most New Yorkers can anticipate from the governor is a superficial compromise that merely pushes the issue further down the line while still distributing enough incentives (e.g., her $500 one-time rebate) to aid her reelection.

This will again place the state’s future fiscal health in serious jeopardy.

And when everything collapses — when key taxpayers and businesses have migrated elsewhere and there’s no means to meet the financial demands — remember who remained complacently engaged in business as usual.

Then ask yourself (if you still reside in New York, that is), wouldn’t it have been more prudent to simply dismantle Albany entirely?



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