Nearly a full month after the Legislature’s adoption of the 2009-10 state budget, Governor David Paterson’s Division of the Budget (DOB) today issued its since January. The bottom line: New York State’s long-term financial outlook has signif Read More
A couple of weeks ago, the Citizens Budget Commission released accruing to recent retirees from the New York City government, from firefighters to teachers to administrative assistants. How much would it cost you -- if you're a private-secto Read More
New York City and state continue to lose Wall Street jobs in disproportionate numbers compared to the rest of the country. Read More
Peterson Foundation president David Walker made a salient point today at the Regional Plan Association's : we don't spend enough on infrastructure, but we probably spend too much on other stuff. Read More
In yesterday's column, Daily News Errol Louis quotes Lillian Roberts, the head of the city's civilian DC-37 union, saying that "When our people retire, the average one will receive something like $20,000 a year." Read More
New York State and City continue to put faux pressure on municipal unions to win cost-savings concessions on pensions and healthcare costs for state and city taxpayers. Coincidentally, bond-raters at Moody's have just come out with a report that says Read More
Small towns are losing millions of dollars on derivatives bets just when they can least afford to lose money. Why are we surprised? Read More
With enactment of the 2009-10 New York State budget, "New York will leapfrog New Jersey to claim the mantle of America's worst tax code for business." Read More