A federal judge has ruled that the destitute town of Vallejo, California, which filed for Chapter 9 municipal bankruptcy last year, can petition the bankruptcy court to allow it to void and renegotiate labor agreements with local unions. Read More
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New York’s $4 billion “temporary” personal income tax will cost the state at least 15,500 private sector jobs, according to an economic model created for the Empire Center for Public Policy by the Boston-based Beacon Hill Institute at Suf Read More
[See update at end of item.] Buried in one of the now pending in Albany is what looks like a $1 billion federal stimulus aid slush fund, which could be "suballocated" by the governor to "to any state department, agency or public authorit Read More
New York's sinking economy still hasn't hit bottom. The state bud get gap continues to grow as tax revenues collapse into a black hole the size of Wall Street Read More
Ratings agency Moody's has put the state-run Metropolitan Transportation Authority in a sort of purgatory, noting (but more diplomatically than I will) that Albany's utter failure to solve a relatively simple problem "puts the MTA on an operating p Read More
New York’s complete state government payroll for 2008 was posted today on www.SeeThroughNY.net, the government transparency website sponsored by the Empire Center for Public Policy. The searchable payroll database includes names, titles, base pay rates and total pay received by the 367,732 people who worked in the state’s executive, legislative or judicial branches at any point last year. Read More
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
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