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State comptroller Tom DiNapoli's office that shadow the MTA's future. On the five-year, $26.3 billion capital plan, DiNapoli notes: The MTA has ... proposed borrowing $14.8 billion--the largest amount in its history. ... Debt service Read More

As expected, President Obama's calls for a return to pre-2001 income tax rates and new limits on itemized deductions for filers with incomes starting as low as $200,000 -- essentially the same thing the president proposed two years ago. [caption Read More

The city's independent budget office (IBO) has just put out on public-school spending and demographics. , school spending is up 2 percent cumulatively over the last three years, even after accounting for about 5 percent inflation as well as for dive Read More

An in today's The New York Times highlights the state Senate's failure to pass a bill creating the health insurance exchanges required under the new federal health law. It seems that some of the same people who normally criticize the Legisl 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

The state Department of Taxation and Finance has issued "" of New York's new tax cap.  In addition, on a , the agency has posted its first-ever annual estimates of growth in assessed property value due to new construction for all New York counties a Read More