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
New York scores a mediocre number 36 on Based on 40 measures of competitiveness grouped into 10 categories, the Empire State ranked dead last in "Cost of Business" and "Workforce," the latter apparently weighted heavily by New York's high unionizatio Read More
Under , "university employees are facing unpaid furloughs." They would join California's 230,000-plus state workers who will continue to be forced to take off three unpaid days per month through June 2010. The furloughs equate to roug Read More
Today's from state Comptroller Tom DiNapoli says first quarter tax collections were $487 million below projections, in line with the trend reflected in Taxation and Finance data . DiNapoli's chose to focus on the bright side, noting that gene Read More
Don't look now, but there's a nasty pool of red ink spreading beneath the state's budget. If are any indication of things to come, Governor Paterson and the state Legislature need to start cutting right away. Read More
New York experienced one of the biggest declines in tax revenues of any state during the first quarter of 2009, when the overall plunge in state tax collections was the worst on record, according to from the . Read More