As promised, here are our articles in today's newspaper parsing the Ravitch report on how to fix the finances of the Metropolitan Transportation Authority: E.J. on Me on the Read More
Tag: Michael Bloomberg
Today, the Ravitch commission released its report on MTA finances. We'll have more to say about this tomorrow. Here's an interesting piece of data to tide readers over 'till then: Read More
The consumer price index fell 1 percent month on month in October, according to . Falling consumer prices, if they continue, worsen New York's fiscal position. Read More
How's New York's economy doing? Private trash collectors (who pick up from stores and the like) are reportedly seeing an "unprecedented" loss in business over the past quarter, as customers have not only closed their doors but closed up so sudden Read More
Mayor Bloomberg will seek to revive New York City's commuter tax, his budget director the City Council yesterday. First enacted in 1966, the tax was repealed by the state Legislature and then-Governor Pataki in 1999, over the loud objections of ci Read More
But New York City, which Mayor Bloomberg once likened to a "," will do the opposite if it follows through with the mayor's idea to raise income and sales taxes early next year. Read More
The Wall Street Journal has run my op-ed on the risks New York City faces in its approach to fiscal and economic problems. The thesis is that the city's main economic engine -- Wall Street and the financial-services industry -- cold be at th Read More
Today, Mayor Bloomberg held his mid-year budget update at City Hall. Here is the big picture: The mayor is still planning for a severe but temporary downturn in revenues. But there's a very real risk -- one that went unmentioned by the mayor Read More