When a government watchdog as knowledgeable as Steven Greenhut, a Bloomberg View contributor, writes that California deserves to knock New York out of last place in rankings of state business climates, it’s tempting to agree. If only he had a stronger case. Read More
New York’s economy stands to reap enormous benefits from President Bush's proposed tax stimulus plan. Read More
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
“If the plodding national economy stumbles into another recession, New York — plagued by high unemployment and the prospect of a rising tide of layoffs on Wall Street — probably will take a tumble, too.” That’s the main takeaway from an article in today’s New York Times on the outlook for the city’s economy — which, of course, has inevitable implications for all of the Empire State. Read More
The on Wall Street are casting a cloud over New York State's financial projections. Governor Andrew Cuomo's , unveiled in February, assumed stock values would grow this year by 13.4 percent. This assumption was not changed in the Enacted Budget Fina Read More
When Comptroller Thomas DiNapoli last month that New York's state and local pension fund had earned 14.6 percent on its investments in fiscal 2010-11, the AFL-CIO's Dennis Hughes the the comptroller's numbers had "call[ed] into question the need fo Read More
The image on the cover of New York State's is obviously meant to convey the sense that there's not only a light visible at the end of the budgetary tunnel, we're just about to emerge into broad daylight. But the report itself, released late yesterday Read More
Over the years, despite chronic complaints about their property taxes, Nassau County residents have shown a remarkable tolerance for high levels of local government spending -- which helps explain why their county finances are in such poor shape. Yes Read More