My in today's New York Post gives Governor Paterson credit for his continuing "straight talk" on budget issues. As for the , on the other hand: Unfortunately, for all the doomsday headlines and special-interest caterwauling Read More
Tag: New York State
Governor Paterson will propose a mid-year cut in state aid to public schools as part of a $2 billion budget reduction package to be released tomorrow. Here's a chart that provides some perspective on the budgetary debate ahead: [caption id="at Read More
Governor Paterson's projects that New York State will lose more than 160,000 jobs during "the current downturn." But if history is any guide, that could turn out to be very optimistic. As illustrated below, the state lost 500,000 private sec Read More
In a press conference Q&A today, Mayor Bloomberg said of state spending that cuts to Medicaid and education are "politically very difficult." Read More
As suspected and reported anecdotally, municipal-bond issuance fell off the charts in September and October. Municipal Market Advisors, in its weekly outlook today, notes that such bond issuance was 54 percent below last year's levels for September a Read More
Update: The Times reports that the MTA put off a planned debt issue Tuesday because of the still-inhospitable capital markets. Ohio and Hawaii did the same. The good news is that despite increasing pressure on both revenues and Read More
JPMorgan Chase CEO Jamie Dimon today: "New York tries to tax everything we do around the world. If you have a choice where you put a job, it will not be here. That’s a terrible thing to say." [courtesy ] Read More
One of the most famous episodes of the old Star Trek TV series was in which the crew of the Enterprise found themselves in an alternative universe populated by their nasty lookalikes. The old DC comic books featured "Bizarro" characters w Read More