New York State residents pay some of the highest local taxes in the nation. Until now, however, New Yorkers have had no easy way to compare basic fiscal measures for the local governments that account for a large share of the taxes they pay. Read More
Month: May 2009
AUTHOR’S NOTE: PLEASE SEE BELOW FOR IMPORTANT CORRECTIONS TO THIS POST IN BOLD.In May, after months of turmoil, Albany agreed to a new package of taxes for the state-run Metropolitan Transportation Aut Read More
PolitickerNY that the State Senate, which must approve Gov. Paterson's pick for MTA chief, Jay Walder, will hold hearings this fall that focus on Walder's reputed pay package. Walder's package, in addition to nearly half-million annually in salary Read More
Earlier today, bond analysts at S&P downgraded to junk status $33 million worth of mortgage debt issued nine years ago by the Dormitory Authority of the State of New York (DASNY). DASNY had raised the debt to complete hospital construction projec Read More
Writing in today's FT, investment-banking veteran (and former New York bailout-facilitator) Felix Rohatyn and ESC consulting-firm president Everett Ehlrich, pointing out that states still face $200 billion in operating deficits in the next t Read More
Between fiscal years 2002 and 2007, New York City's tax revenues increased by 74 percent, to $37.8 billion (really, see ).* A new by Washington's Government Accountability Office (GAO) helps show why. 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
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