Category: Commentary

As if New York's economy wasn't already stressed enough, there's a renewed push in the City Council for a local "living wage" law that could hinder the city's economic renewal while reducing job opportunities for the very people it is supposed to help. Read More

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

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