Thirty-five years ago this month, the state Urban Development Corp. defaulted on its short-term debt -- setting off bond-market alarms that culminated in New York City’s 1970s fiscal crisis. Could the Metropolitan Transportation Authority become this era’s UDC? Read More
As New Yorkers rush to meet the April 15 deadline for filing state and federal income tax returns, here is a collection of recent articles about taxes from the Empire Center and the Manhattan Institute for Policy Research. Read More
If you think driving in New York is an unusually jarring experience, you are not imagining things. As measured by federal statistics, highway and bridge conditions in the Empire State are among the worst in the country. Read More
Federal prosecutors suggested this week that a "culture of fraud" has afflicted the Long Island Rail Road. They were referring to alleged phony disability claims by LIRR employees -- but the phrase could just as well describe the chronic lowballing of past cost estimates for the LIRR's East Side Access connection to Grand Central Terminal. Read More
Fitch Ratings, the smallest of the big three credit agencies, has cut the rating on the state-run Metropolitan Transportation Authority (MTA)'s $14.3 billion in debt that is backed by transportation revenues. Fitch dropped the rating from A+ to A. Read More
from Wednesday's "Replacing The Tappan Zee Bridge" event is up. Speakers and panelists discussed why New York needs a new bridge -- the three-plus-mile span crosses the Hudson between Rockland and Westchester -- and how to build it. One of the mos Read More
Woe betides Long Island commuters this week. Sunday, a passenger-less Amtrak train derailed under the East River. Because Amtrak and LIRR share quarters in this tight space, the severe damage to Amtrak's rails that ensued has hit the MTA's Long Island Rail Road. Read More
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