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
Tag: New York State
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
In an op-ed called "," the Daily News's Errol Louis says that the idea that "federal, state, and local governments all need to cut spending" is a "dangerous myth." Louis quotes economist James Galbraith in saying that state spending cuts, sp Read More
This chart from the state comptroller's newly released answers the question in a nutshell: Read More
Public school finance will be one of the most hotly contested battlegrounds in New York's coming state budget war. From last June's of the Governor's (aka the Suozzi Commission), here is a reminder of one key factor driving up local school costs: Read More
As a postscript to Nicole’s most recent post, which focused on New York City, it should be noted that New York’s state government doesn't immediately face a California-style cash crunch, either. The state stopped issuing short-term notes Read More
The story from today’s papers with the biggest potential long-term impact on New York’s economy doesn’t even contain the words “New York.” That’s Gillian Tett’s FT piece on global investors’ assessment of the credit of the United States of America. Read More