As Albany over finding a new revenue source for the state-run Metropolitan Transportation Authority, the MTA released some numbers this morning showing that its budget situation is getting worse by the minute. Read More
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Attorney General Andrew Cuomo handed down an indictment yesterday against former political consultant Hank Morris and former pension-fund chief investment officer David Loglisci. Both men, Cuomo alleges, were involved in a Hevesi-era state pension fu Read More
Supporters of a massive increase in New York State’s marginal income tax rates are crowing over an in today’s New York Times, headlined “Taxes Not Seen as Making the Rich Flee New York.” The article (in which I’m quoted) focuses Read More
As a former journalist and now as analyst for the Empire Center for Public Policy, I am pleased the Senate is considering a package of bills to expand the Freedom of Information Law and the Open Meeting Law. Read More
Famous pretend insurance company AIG, responding to popular demand, has released a list of its major structured-finance counterparties -- that is, those banks, municipalities and the like that stood to lose the most if AIG had gone under without mass Read More
The financial meltdown will have enormous consequences for taxpayers across the country -- but nowhere more so than in New York. That's because the Empire State has become excessively dependent on tax revenues generated by a Wall Street that no longer exists. Read More
A friend in Washington, D.C., passes along . Sneak preview: you can't fit it in a suitcase. Read More
GOV. Paterson and state legis lative leaders announced yesterday that they've agreed to use most of New York's unfettered federal stimulus money to restore spending to the governor's budget and to avoid any further spending cuts. Read More