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
Tag: Taxes and Spending
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
Which will vanish sooner -- New York state’s incredible shrinking cash reserves, or its incredible shrinking chief executive? It could be a photo finish. Read More
In his State of the State message in January, Gov. Paterson announced that Lt. Gov. Richard Ravitch would “take the lead in [developing] a four-year plan for fiscal recovery.” Read More
Like a drunk tempted to go on one more binge at a stressful moment, New York state may soon reach for the debt bottle in the face of mounting deficits. If it does, taxpayers will feel the hangover for a generation. Read More
New York State government payrolls shrunk by 1,856 full-time equivalent (FTE) employees, or less than one percent, during a two-year period ending in January 2010, according to the latest data from the Office of the State Comptroller. However, the state still employed more workers than it did at the same point six years ago, in the wake of a less severe economic downturn and fiscal crisis. Read More
Assemblyman Sam Hoyt has given local residents a clear-eyed and realistic assessment of the fiscal crunch facing school districts throughout the region and the state Read More