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
There are no grounds for optimism in released this morning by state Comptroller Thomas DiNapoli. Net personal income tax receipts were down $83 million, or 4 percent, from the same month in 2008—and a full 12 percent below the August 2007 level Read More
Workforce Reduction Plans (WRPs) submitted by state agencies will save $260 million over the next two years "through a combination of severance payments, attrition, and the elimination of funded vacancies," the. Pardon us for holding our applause. Read More
Attention New York: on the eve (roughly) of the one-year anniversary of Lehman Brothers' collapse, a new report from J.P.Morgan in London opines that because of the effects of eight likely financial-regulatory changes worldwide, "what is certain ... Read More