Tag: Taxes and Spending

New York State is broke. Like a runaway train, New York's budget is in danger of running completely off the rails. It needs to be brought under control—before it's too late. Read More

When Gov. Paterson delivers his annual message to the Legislature tomor row, “the state of the state” will be painfully obvious. Read More

School districts on Long Island and across New York State dodged a bullet last month when the legislature rejected Gov. David A. Paterson’s call for a midyear cut in K-12 education aid. But their luck is about to run out. Read More

Gov. Paterson’s second Executive Budget is not nearly as tough as his rhetoric (or the headlines) would imply. But in dollars and cents terms alone, it is relatively restrained and almost fiscally conservative -- by Albany’s low standards, that is. Read More

Advocates of the misnamed “millionaire’s tax” enacted in New York state last year claimed that it would restore “fairness” to a tax code that favored the rich. Read More

The late Democratic Sen. Daniel Patrick Moynihan of New York used to obsess over the flow of funds between the federal government and the states Read More

Let me begin by reminding everyone that the 2009-10 state budget included tax and fee increases that were initially valued at $6.1 billion, or 7.4 percent of total state fund revenues. This was the largest tax and fee increase in New York State’s history. Read More

Advocates of the misnamed “millionaire’s tax” enacted in New York State last year claimed that it would restore “fairness” to a tax code that favored the rich. Read More