Devastated by the specter of Albany's slash-and-burn budget tactics, New York's health sector struggles for survival in a recession-wracked world. As today's Times : A major hospital trade association, one of New York City’s most ag Read More
Tag: Budgets
The consumer price index fell 1 percent month on month in October, according to . Falling consumer prices, if they continue, worsen New York's fiscal position. Read More
Goldman Sachs surprised hardly anyone when it announced that its top seven execs would take no bonuses this year. UBS followed suit a day later. But top executives aren't the real bonus worry. Read More
The cost of New York State's Medicaid program, which already spends twice as much per recipient as the national average, will still be rising at a double-digit pace if the Legislature enacts the latest round of mid-year "cuts" proposed by Governor Pa Read More
My in today's New York Post gives Governor Paterson credit for his continuing "straight talk" on budget issues. As for the , on the other hand: Unfortunately, for all the doomsday headlines and special-interest caterwauling Read More
Governor Paterson will propose a mid-year cut in state aid to public schools as part of a $2 billion budget reduction package to be released tomorrow. Here's a chart that provides some perspective on the budgetary debate ahead: [caption id="at Read More
The Wall Street Journal has run my op-ed on the risks New York City faces in its approach to fiscal and economic problems. The thesis is that the city's main economic engine -- Wall Street and the financial-services industry -- cold be at th Read More
The some expenditure details of , northern California, pop. 117,000. Vallejo declared bankruptcy earlier this year after having unsustainably ramped up public spending in response to unsustainable tax revenues stemming from unsustainable property- Read More