Governor Paterson's includes a helpful table summarizing the sources of state spending growth over the past 10 years. The numbers highlight the favored status of education during a period that saw one of the greatest spending run-ups in New York's Read More
Last week, about Governor Paterson's somewhat puzzling implying (seemingly) that his 2011-12 budget would result in a $1 billion surplus that he would use to finance a property tax circuit breaker. "If the governor is saying that the four-year fi Read More
Governor Paterson's 2010-11 Executive Budget carries a hidden New York City personal income tax (PIT) increase for the city's wealthiest households. The increase would result from adoption of Paterson's proposed changes to the state School Tax Rel Read More
Producers of films made principally in New York will receive another $420 million a year in state tax subsidies under Gov. Paterson's 2010-11 Executive Budget. The proposed allocation of $2.1 billion for the film production credit over the next fiv Read More
A news release from Governor David Paterson he is proposing "significant spending reductions" in the he is releasing today. If only it were true. The net budget "reductions" sought by the governor consist largely of cuts in projected baselin Read More
Some thoughts on Governor Paterson's today that he expects his forthcoming 2010-11 Executive Budget to result in a 2011-12 "surplus" of $1 billion that he will propose using for "property tax relief" in the form of a new "circuit-breaker" income tax Read More
In a to the New York Post this morning and again in an Upper West Side protest, City Council Speaker Christine Quinn repeated her demand that the MTA spend $100 million in money earmarked for capital investments on its operating expenses Read More
The Municipal Market Advisors research firm expects "record municipal borrowing of up to $450 billion in 2010," largely because of "the generous subsidy" offered by the federal government as part of the Obama administration's spring 2009 stimulus pl Read More