As E.J. notes in the post below this one, Gov. Paterson says he thinks Wall Street bonuses could be down as much as 60 percent, higher than his budget office's expected 43 percent decline. To put this estimate in perspective: after the tech bubble Read More
Governor Paterson is reportedly close to striking a deal with state employee labor unions under which the governor will drop his plan to layoff off over 7,000 state workers in exchange for the unions' acquiescence to (a) Read More
If the Congressional Budget Office (CBO) is right, Governor David Paterson's economic and fiscal projections for New York State are not gloomy enough. The CBO expects higher unemployment and a somewhat slower recovery than Paterson's budget has pro Read More
An anonymous Paterson Administration official is in today's Albany Times Union as predicting that the governor's budget proposal would include an “aggressive set of cuts” that will leave “blood in the streets.” Maybe he meant ke Read More
As shown below, the highest-earning 1 percent of taxpayers (those with incomes above $750,000 or so as of 2007) accounted for nearly 40 percent of New York's total state income tax liability last year -- up from around 27 percent in the mid-1990s. � Read More
Governor Paterson the means in the current fiscal year, which is less than two months old. In other words, the short-term outlook may now be as lousy as Read More
One of Albany's senior State Capitol correspondents vacations in Flat Rock, North Carolina, and Read More
An anonymous Paterson Administration official is in today's Albany Times Union as predicting that the governor's budget proposal would include an “aggressive set of cuts” that will leave “blood in the streets.” Maybe he meant ke Read More