In a to the New York Post this morning and again in an Upper West Side protest, City Council Speaker Christine Quinn repeated her demand that the MTA spend $100 million in money earmarked for capital investments on its operating expenses Read More
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The Municipal Market Advisors research firm expects "record municipal borrowing of up to $450 billion in 2010," largely because of "the generous subsidy" offered by the federal government as part of the Obama administration's spring 2009 stimulus pl Read More
Daily News columnist Bill Hammond that the Empire Center's new Blueprint for a Better Budget, which proposes $30 billion in savings over three years, should be "required reading for Gov. Paterson and all 212 members of the Legislature," an Read More
The only proven route to long-term and lasting property-tax relief in New York is property-tax limitation - such as capping the annual growth in school-tax levies, Empire Center for Public Policy Director E.J. McMahon said in testimony today before state Assembly lawmakers. Read More
A comprehensive strategy for addressing New York State’s fiscal crisis, including a 30-point plan to save the state up to $30 billion over three years, was released today by the Empire Center for Public Policy. Read More
New York State is broke. Like a runaway train, New York's budget is in danger of running completely off the rails. It needs to be brought under control—before it's too late. Read More
New York local governments, including New York City, share the cost of social services and Medicaid, which elsewhere are borne mainly at the state level. Nonetheless, New York's state government spends considerably more than the national average, a Read More
New York is running out of cash, Comptroller Thomas DiNapoli today. The situation would be worse if Governor Paterson had not , prompting the New York State United Teachers union to file a against him. But don't worry-- will soon be bailing us Read More