NY’s double-dip risk by E.J. McMahon | | NY Torch

“If the plodding national economy stumbles into another recession, New York — plagued by high unemployment and the prospect of a rising tide of layoffs on Wall Street — probably will take a tumble, too.” That’s the main takeaway from an article in today’s New York Times on the outlook for the city’s economy — which, of course, has inevitable implications for all of the Empire State.

The taxpayers’ pension risks by E.J. McMahon | | NY Torch

When Comptroller Thomas DiNapoli announced last month that New York's state and local pension fund had earned 14.6 percent on its investments in fiscal 2010-11, the AFL-CIO's Dennis Hughes said the the comptroller's numbers had "call[ed] into questio...

Nassau nixes fix for hockey stix by E.J. McMahon | | NY Torch

Over the years, despite chronic complaints about their property taxes, Nassau County residents have shown a remarkable tolerance for high levels of local government spending -- which helps explain why their county finances are in such poor shape. Yes...

Tallying Albany’s revenues by E.J. McMahon | | NY Torch

New York State's 2010-11 2011-12 fiscal year appears to be off to a good start. Tax collections for the first quarter of the year were nearly $800 million above Governor Andrew Cuomo's initial budget projections, according to the June cash report posted today by state Comptroller Thomas DiNapoli.

The potential payoff from “fracking” by E.J. McMahon | | NY Torch

Ending the moratorium on "hydrofracking" of natural gas in upstate New York would spur over $11.4 billion in economic output, create 15,000 to 18,000 jobs in the Western New York and the Southern Tier regions, and generate $1.4 billion in state and l...
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