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Nicole Gelinas has in the New York Post today on the sinking fortunes of New York City's financial sector.  Her message: Thanks to Washington’s support for big banks, New York City has been a cocoon of prosperity compared to Read More

Yesterday's Times that Speaker Sheldon Silver has reintroduced the "millionaire tax" as a standalone bill may qualify as the dog-bites-man, non-news story of the year from the State Capitol.Silver and his conference already voted in favor o Read More

The tenant household income threshold at which a landlord could initiate "luxury decontrol" of a New York City apartment would be raised to $300,000 under rent regulation extender bills passed by the state Assembly yesterday. This is well above... Read More

Among the several hundred "teachers, public workers, renters, health care advocates and college students" who clogged the State Capitol in a last-ditch budget protest yesterday was Maria Pacheco, a Spanish teacher in Rotterdam-Mohonasen schools, who complained that cuts in state education aid will force her Albany area district to lay off 44 teachers. Read More

Today's NY1/YNN-Marist Poll of New York voter attitudes on state budget issues may set a new benchmark for complete disregard of a key policy detail, resulting in at least one finding that is essentially worthless. Here's how the Marist pollsters framed the question... Read More

As its 2009-10 fiscal year draws to a close, New York is on track to collect roughly $500 million less than originally projected from last year's temporary "millionaire tax," which raised the marginal income tax rate by up to 31 percent on taxpayers Read More

On the surface, New York doesn't look too bad in Rockefeller Institute's on tax trends in the 50 states.  Albany's tax receipts in the third quarter declined by 8.9 percent, compared to a national average of 10.7 percent, the report says.  New York Read More

Supporters of a massive increase in New York State’s marginal income tax rates are crowing over an in today’s New York Times, headlined “Taxes Not Seen as Making the Rich Flee New York.”  The article (in which I’m quoted) focuses Read More

Governor Paterson and state legislative leaders announced today that they've agreed to use most of New York's unfettered federal stimulus money to restore spending to the governor's budget and to avoid any further spending cuts.  The result will be Read More

Just in time to further debunk claims that the wealthy don't pay their "fair share" of New York State taxes, the Assembly Majority Ways and Means staff has issued a pessimistic new assessment of the economic outlook ("bleak") and revenue forecast (si Read More