Given , it should come as no surprise that the state's is forecasting a $2.1 billion deficit for the current fiscal year. But some of the financial details released by the Division of the Budget (DOB) today are getting even more worrisome. Read More
Category: Blog
Governor Paterson the means in the current fiscal year, which is less than two months old. In other words, the short-term outlook may now be as lousy as Read More
One of Albany's senior State Capitol correspondents vacations in Flat Rock, North Carolina, and Read More
New York City's average compensation cost per municipal employee is $106,743, and has grown 63 percent since fiscal year 2000, according to a Citizens Budget Commission (CBC) released yesterday. While base pay has grown faster than inflation d Read More
An anonymous Paterson Administration official is in today's Albany Times Union as predicting that the governor's budget proposal would include an “aggressive set of cuts” that will leave “blood in the streets.” Maybe he meant ke Read More
Addressing the possibility of mid-year cuts in school aid, which Senate leaders are pledging to avoid, Governor Paterson is quoted in today's Newsday as saying: "Seventy-one percent of the resources we spend on education are administrative. We can make a lot of cuts ... without touching the classroom or affecting teachers." Read More
Hardly anyone seems to believe that recent events in the global economy and financial markets will lead to long-term price stability.* So assuming a recession is upon us, what’s next: or ? S Read More
Governor Paterson went before a congressional committee today to a federal stimulus package to aid financially troubled states--including this pitch for added funding for infrastructure repair: We in New York have many programs involving Read More