What does a tiny Arab emirate have in common with the NBA's worst team, which currently plays in New Jersey? And why should the answer matter to a taxpayer in Buffalo or Syracuse? Nicole in today's New York Post. Read More
Category: Blog
"[Dubai] will not ... be able to restore confidence in its solvency without support from Abu Dhabi, its oil-rich investor, neighbour and the more conservative senior partner in the United Arab Emirates. ... Abu Dhabi should give whatever help is nee Read More
Fresh from a key court victory, Albany's Empire State Development Corporation (ESDC), via its subsidiary, the Brooklyn Arena Local Development Corporation (BALDC), yesterday approved the issuance of up to $800 million in bonds for the construction o Read More
Governor Paterson today that New York State faces "an unprecedented financial emergency," and asked the Legislature to choose between passing his deficit-reduction plan or granting him a new "executive option" to cut the budget unilaterally. But t Read More
Josh Barro of Manhattan Institute has a strong at RealClearMarkets digging more deeply into the Rockefeller Institute's on quarterly state tax collections. Key take-away: "states without income taxes are generally showing admirable (and unsurpris Read More
On the surface, New York doesn't look too bad in Rockefeller Institute's on tax trends in the 50 states. Albany's tax receipts in the third quarter declined by 8.9 percent, compared to a national average of 10.7 percent, the report says. New York Read More
It like Chicago's parking-privatization deal was a bad deal for the city and a good deal for Morgan Stanley, the concessionaire. Under the 2008 deal, Morgan Stanley bought the rights to the city's parking-meter revenue for 75 years -- including the Read More
"If there is no action taken by the state [of New York] to close the [budget] gap, or if action is taken but is largely-one-time in nature (therefore increasing the structural imbalance in the outyears), and revenue collections in January are close t Read More