Commentary

City Power: Don’t Gamble on State Budget Fixes by E.J. McMahon |  | Newsday

New York State's decision to roll the dice on more Indian casinos, video gaming and Powerball is ultimately expected to pump another $1 billion into the state treasury annually, but the inevitable court challenge may delay that payoff for several years. In the meantime, the state clearly faces a very real downturn in its economy and revenues. [Read_more]

A Blast to N.Y.’s Budget by E.J. McMahon |  | New York Post

The horrific attack on the World Trade Center will deal a severe blow to New York's economy and government revenues for some time. In one day, the city was plunged into its worst fiscal crisis since 1990 - which, if mismanaged, may yet become as bad as the brush with bankruptcy in the mid-1970s. [Read_more]

Pataki Power Play: Gov Should Call Lawmakers’ Budget Bluff by E.J. McMahon |  | New York Posts

In their latest ploy to drag Gov. George Pataki to the budget bargaining table, New York state legislative leaders are preparing a baseline spending plan that pointedly excludes hundreds of millions of dollars for the governor's own pet programs. [Read_more]

Turning The Page by E.J. McMahon |  | New York Post

Giuliani took office declaring that city government was too big and taxes were too high. His first two budgets cut the headcount of city employees and reduced spending, setting the stage for both tax cuts and a series of surpluses. [Read_more]

Worse City Budget News Ahead by E.J. McMahon |  | New York Post

It’s official: According to Mayor Giuliani's latest fiscal plan, the next mayor will face a budget gap of $2.7 billion - which, if it actually materializes, will be $400 million more than the one Giuliani inherited from David Dinkins. [Read_more]

Rudy’s Tax Cuts Don’t Go Far Enough by E.J. McMahon |  | New York Post

When Mayor Giuliani formally unveils his eighth and final city budget today, advocates of more expansive city spending are sure to attack his proposed tax cuts. Ironically, Giuliani will be accused of cutting taxes too much - when, if anything, he hasn't cut them nearly enough. [Read_more]

A Risky Precedent by E.J. McMahon |  | New York Post

The best that can be said of New York City's just-negotiated tentative contract with its principal public-employee union, District Council 37, is that it will expire relatively soon, in June 2002. Meanwhile, the agreement sets a costly precedent at a time when the city's budget picture is dimming. [Read_more]

W.’s Gift to New York City by E.J. McMahon |  | City Journal

New York's top congressional Democrats have given President Bush's ambitious plan for an across-the board tax cut a chilly reception. Senator Hillary Clinton warned that it "could derail the nation's economy and give New Yorkers higher interest rates and more unemployment." [Read_more]

A Risky Debt ‘Reform’ by E.J. McMahon |  | New York Post

In his budget message last month, Gov. Pataki called for constitutional reforms to control New York state's debt and ban non-voter-approved "back-door borrowing." But at the same time he quietly proposed a new form of back-door debt -- potentially the most significant change in the state's borrowing practices in decades. [Read_more]

The Blunders of ’66 by E.J. McMahon |  | New York Post

Thirty-five years ago this week, New Yorkers awoke on a cold New Year's Day to find the city's bus and subway system at a standstill. The costly, two-week transit strike, which began the morning John V. Lindsay took office as mayor, inevitably was recalled among the low points of his tenure when he died last month. [Read_more]

A ‘Ladder’ to Sky-High School Taxes by E.J. McMahon |  | New York Post

The New York State Board of Regents this month celebrated the season of giving by calling on Gov. Pataki and the Legislature to giftwrap another $1.45 billion in state aid to public schools next year -- an 11 percent hike on top of this year's record $1.16 billion increase, which brought total school aid to $13.6 billion. [Read_more]

What Bush Should Have Said About Tax Cuts by E.J. McMahon |  | The Wall Street Journal

The question posed by Lisa Key near the end of Tuesday night's presidential campaign debate amounted to a high, hard one for Al Gore and a slow, hanging curve ball right down the middle of the plate for George W. Bush. Mr. Gore twisted and ducked; Mr. Bush checked his swing and fouled it into the dirt. [Read_more]