"Wall Street Recovering Faster Than Anticipated" is the headline on today's press release from state Comptroller Thomas DiNapoli's office, heralding a that points to potential record-breaking profitability and lower-than-expected employment losses a Read More
The often opaque world of school finances has become more transparent with a new tool that allows New Yorkers to analyze how their school districts spend money and to compare them to nearly 700 other districts around the state. Read More
Senate Democrats are "secretly considering" up to $1 billion in "new taxes on medical services" as an alternative to health care spending cuts in Governor Paterson's deficit reduction plan, according to in today's New York Post. Such a t Read More
Four days after proposing to slash the salaries of 350 Harrison town employees by 20 percent, Supervisor Joan Walsh was re-elected supervisor by voters in the affluent Westchester County suburb. With the town facing a budget gap between $3.3 milli Read More
Yesterday, the Securities and Exchange Commission (SEC) a major settlement with J.P. Morgan Securities concerning the fascinating municipal-corruption case of Jefferson County, Alabama. Under the deal, J.P. Morgan, which doesn't admit or deny any Read More
LAST week, Gov. Paterson activated New York’s “health-emergency preparedness plan,” as a prudent precautionary measure to deal with a potential swine-flu epidemic. Read More
In their weekly outlook, Municipal Market Advisors (MMA) tries to dampen the hysteria over a "coming municipal market collapse," saying that although "state and local credit quality is undeniably getting worse," we're unlikely to see mass-scale muni Read More
In today's Post, E.J. Gov. Paterson, Lt. Gov. Ravitch, and the state legislature to "freeze wages now," observing that "[f]or the first time in nearly 20 years, New York state is running short of cash to pay its bills." The $2 billion in Read More