Gov. Paterson came into office with a different attitude. David Paterson took office as governor of New York on March 17, 2008 -- the day Bear Stearns collapsed. He spent the following nine months warning of worse things to come. Read More
Tag: Taxes and Spending
President Obama is expected to unveil his national health-insurance plan in just a couple of months. But when it comes to expanding government-subsidized coverage, broke and recession-battered New York state has already gotten a jump on him. Read More
Gov. Paterson seems to have a bad case of amnesia on the issue that once identified him most strongly with New York taxpayers’ interests. Just less than a year ago, Paterson endorsed a blue-ribbon commission’s recommendation for a broad and comprehensive cap on the growth of local school-tax levies -- the single largest factor in sky-high property taxes outside New York City. Read More
A year ago this week, Gov. David A. Paterson announced his support for a broad cap on school property taxes across New York - the key recommendation of a tax relief commission chaired by Nassau County Executive Thomas Suozzi. Read More
Wall Street’s woes leave the state no choice but to slash spending. David Paterson took the oath as governor of New York on March 17, 2008, succeeding the disgraced Eliot Spitzer on the same day that Bear Stearns collapsed. Read More
New York's economy and tax base, already sagging in a deep recession, would take another huge hit under Rep. Charles Rangel’s plan to impose a surtax on high-income households to finance a new government-run health plan. Read More
Well, what do you know? After raising taxes on high-income households by up to 31 percent, New York state is collecting far less income tax than it had anticipated just a few months ago. Read More
Who says you need to change your spending habits in the midst of the worst economic downturn since the Great Depression? The state Legislature approved over 8,000 “member items”—New York’s version of pork-barrel earmarks—adding up to jus Read More