E.J. testified before Albany's Joint Legislative Fiscal Committees today. One tidbit illustrates the Empire State's acute dependence on Wall Street: Just how dependent on Wall Street had we become? Consider this: in 2006, auto manufact Read More
Tag: Budgets
Nicole is in today's New York Post with an highlighting the weaknesses of the "doomsday budget" unveiled last Friday by Mayor Bloomberg. Read More
Mayor Bloomberg announced his budget this afternoon for the fiscal year that starts in July. The mayor expects that a combination of federal stimulus, state funds, tax hikes, spending cuts, and labor givebacks will close a $4 billion budget gap tha Read More
When Kodak its latest round of mass layoffs yesterday, the company's in Rochester gave the news prominent play on its web page — right next to an reporting that the city "has finally received approval on a $4 million state grant for Rochester’ Read More
House Democrats in Washington, D.C., claim their will require for how the added money is spent. In reality, they’re pushing an unprecedented intrusion by the federal government into state and local decision-making on how to reallocate scarce re Read More
State and local governments face a total deficit of about $131 billion for 2009 and $181 billion for 2010, the Government Accountability Office . Honestly, this estimate seems low. But, low or not, it may be as good as it gets. The GAO notes that Read More
Today's New York Times "a growing sense" in Albany that the Democrats who now control state government will seek to raise state income taxes on "the wealthiest New Yorkers" to help close a $15 billion budget gap. The Times articl Read More
Data point #1. Metropolitan Transportation Authority executive director Elliot Sander and the authority's board members attracted more than 600 people to their marathon six-and-a-half-hour fare-hike and service-cut hearing in Manh Read More