Yale school of management prof Jeffrey Garten writes in that a Beijing-led financial-services partnership between Hong Kong and Shanghai (Shangkong, the headline writer says) could provide serious competition to New York and London as a global fin Read More
, Nicole writes in today's Post. The downstate economy will pay a steep price for what will be, at best, a temporary solution to the MTA's enormous budget shortfalls, she points out. For what taxpayers are giving up here, the Read More
To assuage reluctant lawmakers, Gov. Paterson has proposed that school districts be exempt from the new payroll tax that he wants Albany to impose on all employers, including public-sector employers, in the Metropolitan Transportation Authority's ser Read More
Members of the state Assembly's small Republican minority have mustered the votes to block a new contract with a state employees' union on the grounds that it would be irresponsible to approve the deal in light of the state's dire economic and fiscal Read More
Mayor Bloomberg's 2010 Executive Budget proposal is being portrayed as "" -- but while the media and politicians focus on proposed spending reductions, a key measure of spending is actually rising at over twice the inflation rate. Read More
Earlier this afternoon, Mayor Bloomberg presented his updated budget proposal for next year, which starts in July. One thing that stands out, besides his request that Albany hike the city sales tax by half a percentage point: it's likely that over Read More
Nicole and I both have op-eds in the Post today. dissects the MTA's latest desperation move -- an unprecedented 18-month budget. focuses on the projected expansion of New York State's Medicaid caseload, which by 2013 may include one ou Read More
Union leaders, contractors and real estate developers are trying to reach a new "project labor agreement" (PLA) to cut costs on private construction projects in New York City. But while Mayor Blomberg is anxious to participate in a news conferen Read More
Nearly a full month after the Legislature’s adoption of the 2009-10 state budget, Governor David Paterson’s Division of the Budget (DOB) today issued its since January. The bottom line: New York State’s long-term financial outlook has signif Read More
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