THE House of Representatives this week is expected to pass a federal stimulus package that could pump at least $17 billion of noncapital funding directly into New York's state and local government coffers over the next two years. Read More
Research
People worried about the state of America's infrastructure haven't received the House stimulus bill very warmly. After political promises of bold, smart investments in physical assets, a $40 billion allocation for transportation and transit in an $8 Read More
House Democrats in Washington, D.C., claim their will require for how the added money is spent. In reality, they’re pushing an unprecedented intrusion by the federal government into state and local decision-making on how to reallocate scarce re Read More
State and local governments face a total deficit of about $131 billion for 2009 and $181 billion for 2010, the Government Accountability Office . Honestly, this estimate seems low. But, low or not, it may be as good as it gets. The GAO notes that Read More
Now that they control both houses of the New York State Legislature, Democrats in Albany are reportedly preparing to raise the state income tax on high-income New Yorkers to help plug a $15 billion budget gap. Read More
NYU prof Thomas Philippon and U-VA Prof Ariell Reshef have written a tracing the trajectory of wages in the American financial sector over the last century. Not surprisingly, financial-industry wages broke away from the rest of the economy starting i Read More
The best fiscal news for New York in ages is that three and a half years ago, the city lost its bid to host the 2012 Olympics. This week, the UK, which won the bid, , because the private partners couldn't find financing for the "Olympic Village" a Read More
For New York, it's not paying (anymore) to be home to the smartest guys in the room. Since its credit-bubble peak, the securities industry has cut 3.1 percent of its jobs nationwide, according to the Securities Industry and Financial Markets Assoc Read More
Today's New York Times "a growing sense" in Albany that the Democrats who now control state government will seek to raise state income taxes on "the wealthiest New Yorkers" to help close a $15 billion budget gap. The Times articl Read More
Congratulations to President Obama! One of the new president's first tasks will be figuring out how to get Congress to fix the stimulus bill that the House proposed last week. In its current form, the bill won't do much for road and rail infras Read More
New York's huge budget deficit—$15.4 billion in the next 15 months—will force difficult choices in terms of government services and tax policies for years to come. To engage intelligently in that debate, New Yorkers need far more information than we now receive from Albany. Read More
Australia's Macquarie, along with Spain's Cintra, was the global pioneer of large-scale private-public partnerships (PPPs) in transportation infrastructure. American states and Read More