Wall Street’s woes leave the state no choice but to slash spending. David Paterson took the oath as governor of New York on March 17, 2008, succeeding the disgraced Eliot Spitzer on the same day that Bear Stearns collapsed. Read More
Commentary
A year ago this week, Gov. David A. Paterson announced his support for a broad cap on school property taxes across New York - the key recommendation of a tax relief commission chaired by Nassau County Executive Thomas Suozzi. Read More
New York state’s pension system lost 26 percent on its investments and shrunk by a net $45 billion in fiscal 2008-09, Comptroller Thomas DiNapoli disclosed last week. Read More
Gov. Paterson seems to have a bad case of amnesia on the issue that once identified him most strongly with New York taxpayers’ interests. Just less than a year ago, Paterson endorsed a blue-ribbon commission’s recommendation for a broad and comprehensive cap on the growth of local school-tax levies -- the single largest factor in sky-high property taxes outside New York City. Read More
Gov. Paterson came into office with a different attitude. David Paterson took office as governor of New York on March 17, 2008 -- the day Bear Stearns collapsed. He spent the following nine months warning of worse things to come. Read More
New York's sinking economy still hasn't hit bottom. The state bud get gap continues to grow as tax revenues collapse into a black hole the size of Wall Street Read More
The financial meltdown will have enormous consequences for taxpayers across the country -- but nowhere more so than in New York. That's because the Empire State has become excessively dependent on tax revenues generated by a Wall Street that no longer exists. Read More
GOV. Paterson and state legis lative leaders announced yesterday 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. Read More
You know New York is in real trouble when it needs an economic reality check from the ex-KGB hood who rules Russia. Read More
Governor David Paterson is being pressured by some of his fellow Democrats to raise income taxes on the wealthiest households in response to New York States $13 billion state budget gap. Read More
New York's public employee unions are spearheading a campaign to raise state income taxes on the wealthiest households as an alternative to Gov. David Paterson's proposed budget cuts. Read More
Education advocates in the Hudson Valley and throughout New York state are predicting thousands of teachers and aides will lose their jobs if the Legislature adopts Gov. David Paterson's proposed school-aid cuts for the coming year. Read More