Today's from state Comptroller Tom DiNapoli says first quarter tax collections were $487 million below projections, in line with the trend reflected in Taxation and Finance data . DiNapoli's chose to focus on the bright side, noting that gene Read More
Don't look now, but there's a nasty pool of red ink spreading beneath the state's budget. If are any indication of things to come, Governor Paterson and the state Legislature need to start cutting right away. Read More
New York experienced one of the biggest declines in tax revenues of any state during the first quarter of 2009, when the overall plunge in state tax collections was the worst on record, according to from the . Read More
The state comptroller's cash report for the first quarter ought to be coming out any day now -- perhaps as soon as today. Tax collections through June are likely to have fallen below the April 1 projections for the quarter, feeding the widespread a Read More
New York's state tax base would take another huge hit under over the next 10 years. Our on the tax plans of the presidential candidates explained that changes in federal tax rates have a direct impact on the income tax revenues of New York State Read More
Goldman Sachs its earnings today, with a $3.4 billion profit for the quarter. For the three months of the year ended in June, Goldman's spending on workers' salaries and benefits was up 47 percent from the , to $6.6 billion. This compensation spen Read More
The Empire State will "shell out nearly $1 million to construct signs to put up near stimulus-funded projects, just to tell us it's a stimulus-funded project," . Governor Paterson doesn't seem to have a problem with it, though. Read More
New Orleans will sign an agreement with France's Veolia Environnement under which Veolia will "finance, manage, and operate" the city's signature streetcars as well as its bus lines, the Wall Street Journal . The deal could save New Orlean Read More
My suggests an alternative to . Read More
Here's a rule of thumb for interpreting news media coverage of state and local fiscal crises: the further away the crisis is, the more likely the news account will portray the officials reponsible as victims of economic forces beyond their control. Read More
The dubious pension "amortization" that was the subject was defeated on the floor of the state Senate in the early hours of this morning. Senate sources say the vote was 34-28, with four five Read More
It seems likely the will take up and re-pass all the bills approved during its legally questionable June 30 "session," perhaps as soon as this evening. While the governor and others have described the bills awaiting Senate action for the past month Read More