State comptroller Tom DiNapoli's office that shadow the MTA's future. On the five-year, $26.3 billion capital plan, DiNapoli notes: The MTA has ... proposed borrowing $14.8 billion--the largest amount in its history. ... Debt service Read More
Latest
As expected, President Obama's calls for a return to pre-2001 income tax rates and new limits on itemized deductions for filers with incomes starting as low as $200,000 -- essentially the same thing the president proposed two years ago. [caption Read More
The city's independent budget office (IBO) has just put out on public-school spending and demographics. , school spending is up 2 percent cumulatively over the last three years, even after accounting for about 5 percent inflation as well as for dive Read More
Indiana Gov. Mitch Daniels The bridge runs over an interstate (I-64) that crosses the Ohio River between Indiana and Kentucky. It normally carries 80,000 co Read More
An in today's The New York Times highlights the state Senate's failure to pass a bill creating the health insurance exchanges required under the new federal health law. It seems that some of the same people who normally criticize the Legisl Read More
Fitch Ratings, the smallest of the big three credit agencies, has cut the rating on the state-run Metropolitan Transportation Authority (MTA)'s $14.3 billion in debt that is backed by transportation revenues. Fitch dropped the rating from A+ to A. Read More
The state Department of Taxation and Finance has issued "" of New York's new tax cap. In addition, on a , the agency has posted its first-ever annual estimates of growth in assessed property value due to new construction for all New York counties a Read More
Thirteen percent of newly retired members of the state Police and Fire Retirement System (PFRS) in 2010 qualified for a pension of more than $100,000, according to data posted at SeeThroughNY.net, the Empire Center’s government transparency website. Most of the 125 new PFRS retirees with six-figure pensions worked for agencies on Long Island and in the lower Hudson Valley, including the Port Authority of NY & NJ, continuing a trend that has developed in the past decade. Read More