You hear a lot of talk about the panoply of problems facing Wall Street, from the Volcker Rule to derivatives regulations to But here's a simple numbers comparison that points up the challenge for Wall Street (and New York). From the New York Ti Read More
Fitch Ratings, the smallest of the big three credit agencies, has cut the rating on the state-run Metropolitan Transportation Authority (MTA)'s $14.3 billion in debt that is backed by transportation revenues. Fitch dropped the rating from A+ to A. Read More
New York has one of the nation's largest and highest-paid state and local government workforces, according to the latest data. Based on March 2010 payrolls, the average annual salary per full-time equivalent (FTE) employee of state and local gove 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
New York State's 2010-11 2011-12 fiscal year appears to be off to a good start. Tax collections for the first quarter of the year were nearly $800 million above Governor Andrew Cuomo's initial budget projections, according to the June cash report posted today by state Comptroller Thomas DiNapoli. Read More
Yesterday, the New York Times accused the Republican-controlled state Senate of "" for failing to pass legislation setting up a state health insurance exchange in the waning days of the last legislative session. If the legislature doesn't pass a bill Read More
If you haven't read much about the details of the "mandate relief" provisions approved by the Legislature as the session ended last week, there's a good reason for it: virtually none of the relief priorities cited by the state's major local government groups were included. Read More
from Wednesday's "Replacing The Tappan Zee Bridge" event is up. Speakers and panelists discussed why New York needs a new bridge -- the three-plus-mile span crosses the Hudson between Rockland and Westchester -- and how to build it. One of the mos Read More