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