Which key sector of New York's economy has experienced a deep slump that is largely to blame for recent state and city revenue shortfalls? And which sector of New York's economy will benefit the most from President Bush's new tax proposal? Read More
Tag: Government Reform
Long Island's State Senate and Assembly members are patting themselves on the back for having blocked a revival of the commuter tax. But they also have provided the pivotal bloc of legislative support for a big state income tax hike that will transfer more of the Island's wealth to places like Binghamton and Buffalo. Read More
DESPITE the improving national and regional economy, New York City's budget remains stuck in a hole. With operating expenses momentarily in check, the city's continuing fiscal imbalance stems mainly from big projected increases in the cost of Medicaid, debt service, employee health benefits - and, seemingly out of nowhere, pension contributions. Read More
The push to overhaul New York's public authorities was kicked into higher gear this week by a package of "reform" proposals from state Comptroller Alan Hevesi and Attorney General Eliot Spitzer. Read More
Seeking to divert attention from their failure to adopt a budget on time for the 20th consecutive year, state legislative leaders have unveiled a budget reform package that will do little to fix New York's dysfunctional budget process. In many respects, it could actually make things much worse. Read More
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