Employee compensation in the state and local government sector increased at twice the private-sector rate during the 12 months ending in December, according by the federal Bureau of Labor Statistics. Read More
Tag: Public Finance
New York is running out of cash, Comptroller Thomas DiNapoli today. The situation would be worse if Governor Paterson had not , prompting the New York State United Teachers union to file a against him. But don't worry-- will soon be bailing us Read More
In 2000, state and local governments collectively owed $1.5 trillion (adjusted for inflation to 2009 dollars). Today, they owe $2.3 trillion, a 53 percent increase. Over the same time period, American consumers and homeowners hiked their own debt Read More
The Senate today also passed the so-called previously approved by the Assembly and backed by Governor Paterson--complete with a form of super card-check for unions seeking to organize authority-sponsored hotel and convention center development projec Read More
What does a tiny Arab emirate have in common with the NBA's worst team, which currently plays in New Jersey? And why should the answer matter to a taxpayer in Buffalo or Syracuse? Nicole in today's New York Post. Read More
It like Chicago's parking-privatization deal was a bad deal for the city and a good deal for Morgan Stanley, the concessionaire. Under the 2008 deal, Morgan Stanley bought the rights to the city's parking-meter revenue for 75 years -- including the Read More
A few thoughts on the late-breaking Albany deal to pass the so-called , now stalled for good reason in the Senate after passing in the Assembly: Not for the first time, some of New York's well-meaning are being suckered by a bill title. Like most Read More
Yesterday, the Securities and Exchange Commission (SEC) a major settlement with J.P. Morgan Securities concerning the fascinating municipal-corruption case of Jefferson County, Alabama. Under the deal, J.P. Morgan, which doesn't admit or deny any Read More