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Gov. Paterson has released the state budget on a history-making day. For the first time ever, the Federal Reserve has cut the interest rate at which it lends to banks to as (and as high as a quarter of a percentage point). This action puts Paterson's Read More

Governor Paterson's proposed on sugared soft drinks has already captured most of the media attention among the $4 billion in new taxes and fees in Governor Paterson's budget.  But by far the largest single element in Paterson's revenue package is a Read More

An anonymous Paterson Administration official is in today's Albany Times Union as predicting that the governor's budget proposal would include an “aggressive set of cuts” that will leave “blood in the streets.”   Maybe he meant ke Read More

An anonymous Paterson Administration official is in today's Albany Times Union as predicting that the governor's budget proposal would include an “aggressive set of cuts” that will leave “blood in the streets.”   Maybe he meant ke Read More

City comptroller William Thompson released his regular "" report today. It's not necessary to go into the gory details, since it's past time for everyone simply to stipulate that things are ugly so that we can get on with life. The good news, though, Read More

Supporters of an income tax increase in New York State were, until recently, pushing what they called a "millionaire tax."  But now that the number of millionaires is rapidly shrinking, Albany's most vocal tax-hike proponents have lowered their taxa Read More

The Times that New York City's Industrial Development Agency is preparing to issue an additional $341.2 million in tax-exempt financing "on behalf of the Yankees and Mets" to finish building their new ballparks, in addition to the more tha Read More

What can Brazilian power lines teach New York about introducing private-sector competition to its public-bus system? In 1999, Brazil started to hold auctions open to both public and private sector players interested in improving the nation's trans Read More

The Wall Street Journal today that the town of Avondale, AZ, will use a $2.5 million grant from the federal government's "Neighborhood Stabilization Program," signed into law by the president in July, in part to "build two additional rental Read More

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