CoreLogic released some data last week on the number of homeowners who are "underwater" on their mortgages; that is, they owe more than their homes are worth. The good news: New York has the lowest percentage nationwide of homeowners with Read More
Category: Blog
New York City's pension actuary is "likely" to recommend a reduction in the interest rate used to calculate tax-funded pension contributions, the New York Post (not for the first time) yesterday. A lower interest rate will lead to higher pension c Read More
Governor Cuomo today that follows exactly -- which is a disappointment, if not exactly a surprise. Certainly if Cuomo's pension program ends here, it will undermine the governor's attempts to portray himself as a reformer. Read More
The Mercatus Center at George Mason University has released its index. New York is dead last overall, and last, too, on economic and fiscal freedom. The report, by William Ruger of Texas State University and Jason Sorens at the University of Buff Read More
The Wall Street Journal r that the state's Department of Transportation (ultimately overseen by Gov. Cuomo) may be overstepping its bounds in forcing contractors to manage their workforces under union rules if they want to win construction p Read More
A important breakthrough on the property tax cap issue came last week when Assembly Speaker Sheldon Silver introduced a bill that conforms in key respects to Governor Andrew Cuomo's original proposal. Read More
Robert Fitzpatrick spent $140,000 buying up subway and bus ads to warn people that the world was going to end Saturday. According to news reports, it didn't. So should we worry about how Fitzpatrick, a retiree on a fixed income, will support himself Read More
The Tappan Zee Bridge, which carries 51 million vehicles annually across the Hudson River between Rockland and Westchester counties, is one of the Northeast region’s most important transportation arteries--and it's badly in need of replacement. Read More