Tag: Albany

Well, better late than never.  But given in New York, Governor Paterson's may be a day late and a dollar short. Make that a billion.   Just a day after state Comptroller DiNapoli in support of his own plausible estimate that the 2009-10 budget Read More

That phrase is used in the headline of today's (as yet unposted) press release from the office of state Comptroller Thomas DiNapoli, whose for the month of September highlights the same growing deficit spotlighted by the state tax department collect Read More

New York and Britain both face huge fiscal imbalances, partly as a result of their reliance on the volatile financial sector for too much tax revenue. And both may come up with the same purported partial solution to the problem: sales of public asset Read More

New York State's tax receipts were down 7.7 percent in September compared to the same month in 2008, according to from the state Department of Taxation and Finance.   In virtually every major category, the tax numbers were below the trends forecas Read More

Governor Paterson today that he was ordering state agencies to cut their budgets by $500 million to help in dealing with a current-year state deficit of between $2.1 billion (the official forecast as of late July) and $3 billion (the governor's own Read More

The Federal Reserve is to regulate compensation by the nation's largest banks -- including, inevitably, some big New York firms now raking in big profits thanks to government bailouts. The upshot for Governor Paterson and state lawmakers in Albany Read More