Governor Paterson's includes a $300 million raid on the coffers of the Battery Park City Authority (BPCA), which would be required to issue new bonds and send the proceeds to Albany. But BPCA board member Charles Urstadt and former authority spok Read More
Sometimes the credit crisis seems like last year's news. At least, you would think so if you looked at projected Wall Street bonuses and New York City and State public spending. But a new Moody's report shows how the crisis continues to impact Read More
State and local governments increased their borrowing by 8.3 percent on an annualized basis between April and June, according to the Fed flow of funds . While the number isn't eye-popping against the past decade's history, what's unusual is that stat Read More
Gov. Paterson has a that would have weakened oversight power of the Buffalo Fiscal Stabilization Authority. As the Buffalo News , this was the second legislative attempt in the past year to remove the city from "hard" control status, w Read More
My suggests an alternative to . Read More
Small towns are losing millions of dollars on derivatives bets just when they can least afford to lose money. Why are we surprised? 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
The Times that New York City's Industrial Development Agency is preparing to issue an additional $341.2 million in tax-exempt financing "on behalf of the Yankees and Mets" to finish building their new ballparks, in addition to the more tha Read More