New York's deepening fiscal crisis should refocus public attention on the need to reform the city's unsustainably costly package of generous retirement benefits for municipal workers. Read More
Tag: Economy
In his first annual address to legislators last week, Gov. David A. Paterson said, "The state of our state is perilous." Yet his energy platform promises to visit more peril upon the Empire State. Read More
THE House of Representatives this week is expected to pass a federal stimulus package that could pump at least $17 billion of noncapital funding directly into New York's state and local government coffers over the next two years. Read More
You know New York is in real trouble when it needs an economic reality check from the ex-KGB hood who rules Russia. Read More
A proposal to raise New York’s personal income tax rates on high-income households will cost the state 22,000 private-sector jobs if enacted, according to an economic analysis by the Empire Center for Public Policy. Read More
New York's sinking economy still hasn't hit bottom. The state bud get gap continues to grow as tax revenues collapse into a black hole the size of Wall Street Read More
New York’s $4 billion “temporary” personal income tax will cost the state at least 15,500 private sector jobs, according to an economic model created for the Empire Center for Public Policy by the Boston-based Beacon Hill Institute at Suf Read More
New York state’s pension system lost 26 percent on its investments and shrunk by a net $45 billion in fiscal 2008-09, Comptroller Thomas DiNapoli disclosed last week. Read More