In many respects, New York City looks economically and fiscally as strong as it’s ever been. But it’s still worth recalling that, 40 years ago this week, things were very different. Read More
Tag: Michael Bloomberg
Mayor Michael Bloomberg has joined Assembly Speaker Sheldon Silver in advocating an increase in the state minimum wage. Unlike Silver, Bloomberg in his State of the City message was at least willing to acknowledge that the minimum wage discourages hiring–specifically, that it “can reduce youth employment.” His solution? Read More
Mayor Michael Bloomberg’s plan to wire one-fifth of new parking spaces in New York City for electric vehicles would “force the private sector to build charging stations for a fleet of cars that don’t exist and probably won’t exist for years to come, if ever,” energy analyst Robert Bryce of the Manhattan Institute writes in today’s New York Post. Read More
The Citizens Budget Commission has offered its take on New York City's budget for fiscal year 2012, which started last Friday. Read More
An in today's New York Daily News shows that what used to be considered a morally heartless and politically unworkable idea -- cutting public-sector salaries and benefits to a manageable level -- is now becoming mainstream thinking. Read More
Governor Paterson is reportedly close to striking a deal with state employee labor unions under which the governor will drop his plan to layoff off over 7,000 state workers in exchange for the unions' acquiescence to (a) Read More
City Council Speaker Christine Quinn and the chairman of the Municipal Labor Committee, an umbrella group of labor unions, have the idea of tapping a union-controlled health care slush fund to prevent 4,100 scheduled scheduled teacher layoffs and 20 Read More
Amid speculation that passage of a property tax cap covering most of New York State will hinge on the fate of New York City's rent regulations, Mayor Michael Bloomberg has shot down a proposal to cap taxes on some city apartment buildings. Read More