The Paterson Administration is backing off on plans to (finally) start collecting taxes on cigarettes sold by American Indian retailers, the Buffalo News . This will add $65 million in red ink to The decision drew immediate Read More
Tag: New York State
S&P has a new report out with some calculations surrounding the MTA's forthcoming 2010-2014 capital plan, . The plan is $28 billion, 20 percent bigger than the program for 2005 through 2009. Of the $28 billion, $9.9 billion -- 35 percent --� Read More
AUTHOR'S NOTE: PLEASE SEE BELOW FOR IMPORTANT CORRECTIONS TO THIS POST IN BOLD. In May, after months of turmoil, Albany agreed to a new package of taxes for the state-run Metropolitan Transportation Authority (MT Read More
Nicole has on the generous contract arbitration award to transit workers. Her lead sums it up nicely: THE MTA just managed to give away the store in the new Transport Workers Union contract -- and they couldn't have done it without Read More
My in today's New York Post is about the fiscal folly (economics aside) of trying to balance the state budget with higher taxes on a relatively small number of affluent New Yorkers whose incomes and portfolios have dropped sharply in the re Read More
Classic cartoon characters have an entertaining knack for suspending the basic laws of physics--for example, when Wile E. Coyote propels himself in pursuit of the Road Runner through the use of a sail "pushed" by a fan strapped to his back. So perh Read More
The first quarter update to New York State's 2009-10 financial plan will be released by the Governor's sometime this week. The plan is expected to reflect the potential for a significant deficit this year, and worsening budget shortfalls in the Read More
Earlier this week, Streetsblog had of a House bill that would allow regional transit agencies such as New York's MTA to spend up to 30 percent of their federal grants on operating costs. Under current law, federal money goes toward capital investm Read More