Comptroller Bill Thompson just released a quarterly staff with some good economic and fiscal data for New York City. Personal income tax withheld were down 7.2 percent in the third quarter (which ended in September) relative to the Read More
Tag: New York City
Just how ephemeral is Wall Street's "recovery"? State comptroller Thomas DiNapoli notes in today's that securities firms' profits are reaching record highs, because "the sharp decline in interest expenses (to $5 billion in the second quarter of 2 Read More
Gov. Paterson told radio host John Gambling this morning that although arbitrators in the MTA-TWU case "probably made the correct ruling technically" to give transit workers 11.3 percent raises over three years because the rest of the city's labor u Read More
reported this morning that "independent" arbitrator John Zuccotti, who was supposed to represent the public in the Metropolitan Transportation Authority's contract with the Transport Workers Union, planned to donate his $116,000 fee -- at $900 a Read More
Wendell Cox has a new at newgeography on how practically to open up transit monopolies. One part, which discusses how London runs its public-bus service, is relevant to New York: Transport for London ... is competitively bid. Between Read More
Democratic mayoral challenger Bill Thompson said something good yesterday: "Can you afford 4 percent [raises for teachers] in the current environment? Probably not," he . Thompson's right. The education payroll, not including benefits, is alread Read More
An calls for "the world's richest bank" -- that would be Goldman Sachs -- to "give the taxpayer a bonus" and pass on $321 million that the bank is rightfully set to collect from New York City and State government. Goldman should hold its ground v Read More
New York State and City are increasingly desperate for tax revenue. This desperation makes the highest state court's upcoming ruling on whether the Empire State Development Corp. (ESDC) has the right to seize private property for the Atlantic Yards Read More