The late Democratic Sen. Daniel Patrick Moynihan of New York used to obsess over the flow of funds between the federal government and the states Read More
Tag: Budgets
Let me begin by reminding everyone that the 2009-10 state budget included tax and fee increases that were initially valued at $6.1 billion, or 7.4 percent of total state fund revenues. This was the largest tax and fee increase in New York State’s history. Read More
Which will vanish sooner -- New York state’s incredible shrinking cash reserves, or its incredible shrinking chief executive? It could be a photo finish. Read More
In his State of the State message in January, Gov. Paterson announced that Lt. Gov. Richard Ravitch would “take the lead in [developing] a four-year plan for fiscal recovery.” Read More
“Fantasy in, fantasy out” is the way one leading economist has described the budgetary assumptions behind the new federal health care overhaul, which supposedly will reduce the projected federal deficit over the next 10 years even while creating two new federal entitlement programs. Read More
New York state educators are warning that proposed cuts in state aid to public schools next year could force more than 14,000 teacher layoffs. Read More
Those “Empire gold” license plates now cropping up on cars and trucks around New York state aren’t the only retro look coming out of Albany these days. Read More
Just because they can’t seem to agree on a state budget, don’t assume that New York lawmakers aren’t finding other ways to threaten the state’s economic future. Read More