Detroit's school system may soon follow GM and Chrysler into bankruptcy -- and it may be only the first of many such public-sector insolvencies around the country. Some experts say the Detroit case could be the first in a string of Ch Read More
Category: Blog
Under , "university employees are facing unpaid furloughs." They would join California's 230,000-plus state workers who will continue to be forced to take off three unpaid days per month through June 2010. The furloughs equate to roug Read More
The global financial industry will look different in the future. As governments rethink regulations and companies figure out new business models, the scramble is already on in New York (via Washington), London, and Europe (via Brussels) for which Read More
The Bloomberg administration has ordered public-school principals to stop allowing private teaching assistants -- whose wages are paid by parent groups -- to work in their schools, the Times . The directive came after a complaint from the t Read More
Today's from state Comptroller Tom DiNapoli says first quarter tax collections were $487 million below projections, in line with the trend reflected in Taxation and Finance data . DiNapoli's chose to focus on the bright side, noting that gene Read More
Don't look now, but there's a nasty pool of red ink spreading beneath the state's budget. If are any indication of things to come, Governor Paterson and the state Legislature need to start cutting right away. Read More
New York experienced one of the biggest declines in tax revenues of any state during the first quarter of 2009, when the overall plunge in state tax collections was the worst on record, according to from the . Read More
The state comptroller's cash report for the first quarter ought to be coming out any day now -- perhaps as soon as today. Tax collections through June are likely to have fallen below the April 1 projections for the quarter, feeding the widespread a Read More