As part of the White House's $3.8 trillion 2011 , President Obama has proposed making the "Build America Bonds" program permanent. Build America Bonds have offered states and localities a quick fix since Washington created them in the stimulus packa Read More
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
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