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September 09, 2012MTA revenue lost from the payroll mobility tax could be made up in a way that is far more burdensome to suburban commuters.
Op Ed City Budget
February 23, 2012Earlier this month, Mayor Michael Bloomberg presented New York City's Financial Plan for the next four years. It demonstrates a stark new reality: there is no large surplus of revenues, as there has been in past years, to help balance the budget.
Blog City Budget
February 09, 2012Tax revenues are not exceeding expectations; they are just on target.
December 07, 2011If the temporary personal income tax hike is the price we pay for long-term reforms that enhance infrastructure, encourage job growth, make the state and local tax system more equitable, and reduce future pension costs, then it is a price worth paying.
Blog State Budget
August 22, 2011Talk of a surplus and using it for new initiatives should end immediately.
Op Ed State Budget
April 02, 2011Gov. Andrew Cuomo and state legislative leaders deserve credit for agreeing on a budget that breaks some bad habits. It was on time, reins in spending that was growing at an unsustainable pace, and minimizes the facile devices that checkered past budgets—deficit borrowing, tax hikes, one shots and other gimmickry.
March 07, 2011Since the onset of the national recession the State has relied more extensively on new revenue measures than on recurring spending cuts.