Governor Paterson he will veto "any legislation this year that calls for more spending." Well, that's a relief. But what does he mean by "spending"? Tough spending restraint?[/capti Read More
Tag: Budgets
New York State's Dedicated Highway and Bridge Trust Fund (DHBTF) was created in 1992 to provide a sustainable source of financing for ongoing transportation maintenance needs. But since the mid-1990s, an increasing share of the fund's revenues--pri Read More
Well, what do you know? Barely a month after its enactment, New York State's biggest income tax hike since 1961 has already driven away one of the Empire State's wealthiest and most productive residents. Make that former Read More
Annual health insurance premiums for active and retired state government employees in New York have risen $1.6 billion (128 percent) since fiscal 1999-2000 and are expected to increase by another $838 million (30 percent) over the next four years, ac Read More
Members of the state Assembly's small Republican minority have mustered the votes to block a new contract with a state employees' union on the grounds that it would be irresponsible to approve the deal in light of the state's dire economic and fiscal Read More
Now that a whole herd of horses has galloped out of New York's budgetary barn, Governor David Paterson has proposed shutting the door with an inflation-level cap on state spending. Read More
Mayor Bloomberg's 2010 Executive Budget proposal is being portrayed as "" -- but while the media and politicians focus on proposed spending reductions, a key measure of spending is actually rising at over twice the inflation rate. Read More
Earlier this afternoon, Mayor Bloomberg presented his updated budget proposal for next year, which starts in July. One thing that stands out, besides his request that Albany hike the city sales tax by half a percentage point: it's likely that over Read More