Category: Commentary

There are a whole lot of ways to close a $4.9 billion gap in a $40 billion budget, as Mayor Bloomberg demonstrated once again this week. He wants to balance the budget without imposing economically devastating tax hikes. Read More

In a single year, New York State's finances have been knocked out of kilter by a deep stock market slump, a national recession and an unprecedented terrorist attack aimed right at the heart of its tax base. The result, says Gov. Pataki, has been a loss of $7 billion in revenue. Read More

Consider the Gotham Corporation - a multibillion-dollar service conglomerate given up for dead in the mid-1970s and widely written off as an Old Economy dinosaur just a decade ago, only to emerge as one of the great turnaround stories of the 1990s. Read More

You wouldn't know it from the gubernatorial campaign commercials, but New York state is facing an enormous budget gap next year. By far the toughest challenge facing the winner of the Nov. 5 election will be to close that gap without derailing a still-wobbly state economy. Read More

Safely assured of a third term as governor of New York, George Pataki must tackle the state's worst fiscal mess in at least a dozen years. Effective today, Albany's official tune on budget matters changes from "Don't Worry, Be Happy" to "A Hard Rain's A-Gonna Fall." Read More

Facing an uphill battle in Albany to win renewal of New York City's former commuter tax, the Bloomberg administration is floating a new "tax reform" idea that can only be described as breathtakingly wrongheaded. Read More

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

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