It's no secret that Republicans will be venturing into enemy territory next week when they gather in the heart of the Big Apple to renominate President Bush. Yet residents of New York — state and city — have been huge winners under the Republican president's economic policies. By the same token, New Yorkers would be big losers under the tax proposals of the Democratic candidate, Sen. John Kerry. Read More
Even as the economic outlook brightens, New York City's long-term budget picture is deteriorating. And, aside from pointing fingers at Albany, Mayor Bloomberg seems to have few new ideas for dealing with the problem. Read More
New York City has finally wriggled off the hook for what's left of that ‘70s debt. Under last week's ruling by the state's highest court, $2 billion the city was obligated to pay the Municipal Assistance Corp. (MAC) over the next four years will be transformed into roughly $5 billion in state payments to yet another financing entity over the next 30 years. Read More
Thanks to state budget gridlock in Albany, New York City homeowners will have to wait at least a little longer for Mayor Bloomberg's $400 property tax rebate. Read More
Welfare reform was one of the big successes of the Giuliani years. Unfortunately, the city's welfare rolls are no longer steadily falling. What's more, other forms of public assistance have been steadily rising. Read More
A court-imposed dead line for changing New York state's school fund ing formula will probably come and go in the next two weeks, without any agreed-upon response from Gov. Pataki and legislative leaders in Albany. At that point, it will be up to state Supreme Court Justice Leland DeGrasse — and, by extension, the appellate courts above him — to decide what needs to be done to ensure a "sound basic education" for all New York City students. Read More
The saga of the Campaign for Fiscal Equity (CFE) court challenge to New York state school-financing formula continues to unfold in depressingly predictable fashion. Read More
It is certainly a memorable image: New York City mayor Abe Beame standing before the Wailing Wall in Jerusalem and leaving a plaintive, one-word note—“HELP.” Read More