While Tuesday's stock market slide was a timely reminder of New York's fiscal vulnerability to external shocks, Eliot Spitzer was already voicing concern about the state's economic prospects during his campaign for governor last fall. Read More
Latest
The average public school teacher nationwide earned just over $34 per hour in 2005 -- 36 percent more than the average non-sales white-collar worker, according to a new report by the Manhattan Institute for Policy Research. , by Manhatta Read More
As if New Yorkers didn't already suspect that they're far more heavily taxed than residents of other big cities, the city Independent Budget Office yesterday issued a study proving it more conclusively than ever. Read More
New York’s state legislators have a long history of lavish pork-barrel spending. Much of this spending comes in the form of appropriations known as “member items” — operating grants to local community groups, labor unions and advocacy organizations. But while individual senators and Assembly members are willing to selectively publicize the nature and purpose of their own pet projects, the Legislature as a whole has tried to keep much of the budgeting process for the member items under wraps. Read More
Medicaid spending on the elderly rose five times faster in New York than in other states during the most recent five-year period for which data are available, according to a report issued by the Empire Center. Read More
Medicaid spending on the elderly rose five times faster in New York than in other states during the most recent five-year period for which data are available, according to a report issued by the Empire Center.Between 1999 and 2004, New Read More
Governor Spitzer’s 2007-08 Executive Budget calls for a series of Medicaid cost-containment measures, including a freeze on hospital and nursing-home reimbursement rates. These steps are appropriate and justifiable-but they only scratch at the surface of the problem. Read More
Eliot Spitzer’s first year as governor of New York has seen the state workforce grow to its highest level since Mario Cuomo’s last year as governor, according to payroll data from the state Comptroller’s Office. Read More