Governor Paterson's includes a $300 million raid on the coffers of the Battery Park City Authority (BPCA), which would be required to issue new bonds and send the proceeds to Albany. But BPCA board member Charles Urstadt and former authority spok 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
New York State's tax receipts were down 7.7 percent in September compared to the same month in 2008, according to from the state Department of Taxation and Finance. In virtually every major category, the tax numbers were below the trends forecas Read More
The Institute for Justice, which argued the landmark Kelo case before the Supreme Court nearly five years ago, has a new out that calls New York "perhaps the worst state in the nation when it comes to eminent domain abuse -- the forcible ac Read More
Sometimes the credit crisis seems like last year's news. At least, you would think so if you looked at projected Wall Street bonuses and New York City and State public spending. But a new Moody's report shows how the crisis continues to impact Read More
My suggests that, thanks to Governor Paterson's lack of leadership, New York State is sliding faster towards a fiscal abyss. Read More
The Fed and President Obama got the headlines they wanted. The NYT wrote Friday that the Fed will propose "," while the WSJ said that "." The rules could mean a change in the mechanics of financial compensation, and thus for Read More