Property wealth in a hot real estate market

Home prices have been surging here, a fact captured in the city of Rochester’s controversial recent property reassessments. When property values rise, it creates more wealth for homeowners—but a higher assessment does not necessarily translate into a tax increase.

A blow to safety net providers

Since the state’s takeover of the Medicaid prescription drug program last year, safety net hospitals and clinics—those serving Medicaid, uninsured and underinsured patients—have been reeling from the loss of drug company discounts.