Silver’s Risky Budget Game by E.J. McMahon | | New York Post

Gov. George E. Pataki set just the right tone for this year's New York state budget battle when he opened the legislative session in January with a plea to avoid "job killing" tax increases. Assembly Speaker Sheldon Silver replied: "On the subject of taxes, let me be very clear, the Assembly is not advocating tax hikes."

Tale of Two Budgets by E.J. McMahon | | New York Post

With New York's future at risk, Gov. Pataki and Mayor Bloomberg are taking sharply contrasting approaches to closing huge budget gaps.

Or are they?

Bigger Gap, Smaller Cuts? by E.J. McMahon | | NY Torch

Governor Pataki's 2003-04 budget proposal calls for smaller spending cuts than the budgets he proposed during his first two years in office—even though the current budget gap is more than twice as large.

The Rift on City Taxes Is a Split With Suburbs’ by E.J. McMahon | | Newsday

Faced with a huge and seemingly ever-expanding city budget gap, Mayor Michael Bloomberg recently floated a pair of trial balloons - only to see both ideas promptly shot down by Gov. George E. Pataki.

Pataki’s ‘Progress’ by E.J. McMahon | | New York Posts

You wouldn't know it from the gubernatorial campaign commercials, but New York state is facing an enormous budget gap next year. By far the toughest challenge facing the winner of the Nov. 5 election will be to close that gap without derailing a still-wobbly state economy.

Crisis—What Crisis? Spending Up $800 Million in New Fiscal Year by E.J. McMahon | NY Torch

For all the hue and cry about the ‘cuts’ needed to close New York City’s $4.9 billion budget gap, a funny thing happened on the way to the 2003 fiscal year: the first adopted budget of the Bloomberg era does not reduce overall city spending. The nearly $800 million increase in the "city funds" portion of the budget is the key to understanding why New York City continues to face massive potential deficits for as far as the eye can see.

NYC Cigarette Tax Hike Endangers Pataki Health Funding by E.J. McMahon | NY Torch

Mayor Bloomberg's proposal to raise the city’s cigarette tax to $1.50 from 8 cents per pack is expected to cut taxable consumption in half, as many more smokers quit, cut back, or turn to alternative sources out of state or on the Internet. This would undermine the financing for Governor Pataki’s health care programs, which depend partly on revenue from the state’s cigarette tax.

Doing More With Less: Money-Saving Priorities For City Contract Talks by E.J. McMahon | NY Torch

Mayor Bloomberg could realize more than $1.2 billion a year in city budget savings if he can get municipal employee unions to agree to proposed labor givebacks and productivity reforms including a health insurance co-pay, a longer work day for teachers, more scheduling flexibility for cops and firefighters, and less vacation and leave time for newly hired workers. But it all starts with ‘the zero option’—a pay freeze after current contracts expire in fiscal year 2003.