The good news is that despite increasing pressure on both revenues and expenses, Standard and Poor’s has affirmed the Metropolitan Transportation Authority’s “A” rating, with a stable outlook. Read More
Tag: New York State
New York’s state revenues are disproportionately generated in New York City and its suburbs, resulting in a net transfer of income to upstate, according to a report issued today by the Nelson A. Rockefeller Institute of Government. Read More
New York’s economic performance over the past decade was mediocre — but its future looks worse, according to the 5th annual Rich States, Poor States report, just issued by the American Legislative Exchange Council (ALEC). 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 Aut Read More
In 2008, around the time the Empire Center launched its transparency website SeeThroughNY, state Comptroller Thomas DiNapoli was moving on the same track with the creation of OpenBookNewYork. Read More
As E.J. notes in the post below this one, Gov. Paterson says he thinks Wall Street bonuses could be down as much as 60 percent, higher than his budget office's expected 43 percent decline. To put this estimate in perspective: after the tech bubble Read More
Governor Paterson is reportedly close to striking a deal with state employee labor unions under which the governor will drop his plan to layoff off over 7,000 state workers in exchange for the unions' acquiescence to (a) Read More