Eliot Spitzer’s first year as governor of New York has seen the state workforce grow to its highest level since Mario Cuomo’s last year as governor, according to payroll data from the state Comptroller’s Office. Read More
Tag: Taxes and Spending
Gov. Spitzer's second annual State of the State message yesterday featured what may ultimately stand out as his Nixon-goes-to-China moment. Annoying a powerful ally - and embracing a concept he had rejected during the 2006 gubernatorial campaign - Spitzer said he would form a special commission to recommend a "fair and effective cap" on school taxes in New York. Read More
Ralph: "The bills will get bigger and bigger, and I'll get less to eat. I'll start losing weight. Then you know what I'll look like?" Read More
A flood of expected retirements by New York state government employees represents an opportunity to save billions of dollars over the next few years by streamlining its workforce and reforming costly retirement benefits. Read More
While he carefully avoids a flat rejection of the idea, Assembly Speaker Sheldon Silver has been expressing doubts about Governor Eliot Spitzer’s proposal for a cap on school property taxes. Read More
When Eliot Spitzer's entanglement with a high-priced prostitution ring was first revealed Monday afternoon, stock indexes were getting pummeled in the latest manifestation of credit market turmoil. On Tuesday, as the market was enjoying a Fed-induced bounce, The Wall Street Journal reported that "big, painful firings are coming" at investment banks - with as many as 40,000 New York-based jobs potentially on the chopping block. Read More
Albany's revenue base is rapidly shrinking, but the financial plan left on the table by the former governor, Eliot Spitzer, would allow the state budget to keep on growing as if shares in Bear Stearns were still selling in the low hundreds. With barely two weeks to go before the start of the next state fiscal year, it remains unclear whether Mr. Spitzer's successor will rein in spending before it's too late. Read More
The completion of New York State's budget was the greatest challenge awaiting David Paterson when he was sworn into office as New York's governor just two weeks before the start of a new fiscal year, which begins April 1. Read More