Today, Mayor Bloomberg held his mid-year budget update at City Hall. Here is the big picture: The mayor is still planning for a severe but temporary downturn in revenues. But there's a very real risk -- one that went unmentioned by the mayor Read More
Tag: The Fiscal Outlook
The some expenditure details of , northern California, pop. 117,000. Vallejo declared bankruptcy earlier this year after having unsustainably ramped up public spending in response to unsustainable tax revenues stemming from unsustainable property- Read More
New York AG Andrew Cuomo has written a to nine financial institutions inquiring whether those institutions' receipt of emergency federal money has changed those firms' expected bonus payouts for "top management" for the winter of 2008-2009. Cuomo' Read More
The city has released on the New York City residential condominium market, while analysts at the private firm Portfolio and Property Research (via and ) have released some projections for the metro-area office-building market. Taken together, the ne Read More
At a Crain's breakfast this morning, City Comptroller (and 2009 mayoral candidate) Bill Thompson acknowledged a vital truth. "Budget growth has lately been out of balance with the growth of our local economy. Had we started to tie city spending to [ Read More
One of the most famous episodes of the old Star Trek TV series was in which the crew of the Enterprise found themselves in an alternative universe populated by their nasty lookalikes. The old DC comic books featured "Bizarro" characters w Read More
Enjoying our work? Sign up for email alerts on our latest news and research.
Together, we can make New York a better place to live and work!