What’s the future for fiscal federalism in New York?
December 28, 2016. The following op-ed by James Parrott appeared in City & State New York on December 28, 2016. With President-elect Donald Trump and a newly empowered, Republican-dominated Congress soon taking control of the federal budget, the potential for substantial cuts in domestic spending poses gargantuan challenges for New York state and city budgets. Roughly $57 billion in federal dollars flow into our city and state budgets annually. Medicaid accounts for approximately $35 billion, with another $14 billion in categorical funds flowing to the [...]