Tag: Taxes and Spending

THE House of Representatives this week is expected to pass a federal stimulus package that could pump at least $17 billion of noncapital funding directly into New York's state and local government coffers over the next two years. Read More

E.J. McMahon testified before the Joint Legislative Fiscal Committees. Read More

New York's public employee unions are spearheading a campaign to raise state income taxes on the wealthiest households as an alternative to Gov. David Paterson's proposed budget cuts. Read More

Governor David Paterson is being pressured by some of his fellow Democrats to raise income taxes on the wealthiest households in response to New York States $13 billion state budget gap. Read More

First, this economic and fiscal crisis is not just another cyclical downturn. What we have witnessed over the past year is the end of an era. Read More

GOV. Paterson and state legis lative leaders announced yesterday that they've agreed to use most of New York's unfettered federal stimulus money to restore spending to the governor's budget and to avoid any further spending cuts. Read More

The financial meltdown will have enormous consequences for taxpayers across the country -- but nowhere more so than in New York. That's because the Empire State has become excessively dependent on tax revenues generated by a Wall Street that no longer exists. Read More

New York's sinking economy still hasn't hit bottom. The state bud get gap continues to grow as tax revenues collapse into a black hole the size of Wall Street Read More