But New York City, which Mayor Bloomberg once likened to a "," will do the opposite if it follows through with the mayor's idea to raise income and sales taxes early next year. Read More
Tag: Taxes and Spending
Today's Times has an about the city's efforts to lure more of the biotech industry to New York by subsidizing real estate in Brooklyn and Manhattan. It inadvertently makes the case for across-the-board tax cuts. Read More
Today, Mayor Bloomberg held his mid-year budget update at City Hall. Here is the big picture: The mayor is still planning for a severe but temporary downturn in revenues. But there's a very real risk -- one that went unmentioned by the mayor Read More
In the of his congressional testimony yesterday, Governor David Paterson made this pointed reference to what the late Sen. Daniel Patrick Moynihan used to call the "balance of payments deficit" between New York State and the federal government: Read More
The city has released on the New York City residential condominium market, while analysts at the private firm Portfolio and Property Research (via and ) have released some projections for the metro-area office-building market. Taken together, the ne Read More
At a Crain's breakfast this morning, City Comptroller (and 2009 mayoral candidate) Bill Thompson acknowledged a vital truth. "Budget growth has lately been out of balance with the growth of our local economy. Had we started to tie city spending to [ Read More
The possibility of increasing the city's resident personal income tax was broached by Council Speaker Christine Quinn in her before the Citizens Budget Commission yesterday. Today's Times on the subject includes some comparisons of the Read More
City Comptroller Bill Thompson came out with some deteriorating financial and fiscal estimates today. Read More