My suggests that, thanks to Governor Paterson's lack of leadership, New York State is sliding faster towards a fiscal abyss. Read More
Tag: Budgets
There are no grounds for optimism in released this morning by state Comptroller Thomas DiNapoli. Net personal income tax receipts were down $83 million, or 4 percent, from the same month in 2008—and a full 12 percent below the August 2007 level Read More
Workforce Reduction Plans (WRPs) submitted by state agencies will save $260 million over the next two years "through a combination of severance payments, attrition, and the elimination of funded vacancies," the. Pardon us for holding our applause. Read More
Attention New York: on the eve (roughly) of the one-year anniversary of Lehman Brothers' collapse, a new report from J.P.Morgan in London opines that because of the effects of eight likely financial-regulatory changes worldwide, "what is certain ... Read More
exemplifies the federal stimulus bill at its worst. It's basically a helicopter drop of cash justified on the grounds that, after all, these folks need the money and will spend it--which, when you come right down to it, is justification enough for Read More
My in today's New York Post is about the fiscal folly (economics aside) of trying to balance the state budget with higher taxes on a relatively small number of affluent New Yorkers whose incomes and portfolios have dropped sharply in the re Read More
The first quarter update to New York State's 2009-10 financial plan will be released by the Governor's sometime this week. The plan is expected to reflect the potential for a significant deficit this year, and worsening budget shortfalls in the Read More
From of New York City's 2010 Financial Plan, a chart of actual spending growth from 2001 through 2008, and projected growth through 2013. Read More