Nicole Gelinas has in the New York Post today on the sinking fortunes of New York City's financial sector. Her message: Thanks to Washington’s support for big banks, New York City has been a cocoon of prosperity compared to Read More
Tag: David Paterson
New York State's 2010-11 2011-12 fiscal year appears to be off to a good start. Tax collections for the first quarter of the year were nearly $800 million above Governor Andrew Cuomo's initial budget projections, according to the June cash report posted today by state Comptroller Thomas DiNapoli. Read More
In the publishing business, the annotation "TK" is used in manuscripts to indicate some important piece of information is "to come." Gov. Andrew Cuomo's 2011-12 Executive Budget is a book draft with an impressive cover and a promising theme... Read More
Governor Paterson has dropped a proposal to impose New York State's personal income tax on the interest income of non-resident hedge fund managers from his latest preferred list of revenue-raisers to help pay for the 2010-11 budget appropriations... Read More
Most news coverage of yesterday's budget vote reflected the approach of today's New York Times headline: "Albany Lawmakers Pass Big Cuts in Health Care." In fact, net of those cuts, the state-funded share of Medicaid spending will increase this year... Read More
Governor David Paterson began his tenure in the spring of 2008 on a promising note by embracing , almost exactly as proposed by the . But when the Senate actually passed his bill a few months later, he backed off and dropped the issue. Last year, Read More
Lt. Gov. Richard Ravitch still hasn't publicly released his long-term plan to restore structural balance to New York's state budget, including a rumored proposal to bond out a portion of the state's budget shortfall. But the details emerging so f Read More
State Comptroller Thomas DiNapoli today issued a that focuses on the budget process, but his most significant and potentially valuable recommendation deals with debt. Read More