Category: Commentary

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

Which key sector of New York's economy has experienced a deep slump that is largely to blame for recent state and city revenue shortfalls? And which sector of New York's economy will benefit the most from President Bush's new tax proposal? Read More

Given his Rockefeller Lite persona in recent years, no one would have been surprised if New York's Governor George E. Pataki had responded to a looming fiscal crisis with a round of tax increases, if not on the scale of Democrat Gray Davis's gargantuan $8 billion hike in California, then something like Republican John Rowland's soak-the-rich surcharge in Connecticut. Read More

Labor unions and their allies in New York's burgeoning health and social services sector are demanding new taxes on the wealthy to help close the state's $12 billion budget gap. After all, the argument goes, it's only fair to ask those who gained the most from the economic boom to bail the rest of us out of this bust. Read More