For several decades, state and local governments have been showering private businesses with tax breaks and direct subsidies based on the theory that this practice fosters economic development and, therefore, job growth. But does it?
Local governments across New York State are collecting less in taxes, burning through their cash reserves and running up
After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture in the body politic, and the president signs it into law. But the fight's just begun, because the special interests immediately set out to win back what they lost when the reform became law.
"Management has no clear strategy to achieve its own benchmarks and goals for curbing costs," DiNapoli said at the time. "Every
But again, the outcome isn't certain. Other commentators have said that in order to induce a sell-off, the downgrade would
The bankers and brokers receiving deferred compensation will not owe income taxes until they sell shares or exercise stock
Nobody was watching President Obama on CNN during Happy Hour at the PJ Clarke's in the World Financial Center.
Last spring, while the New York legislature stubbornly refused to agree on a budget, Richard Ravitch came up with a plan to rein in the state's out of control deficit. It was a tough sell.
But how feasible would a rate reduction be? For New York City, according to University of Rochester professor Robert Novy
As the sun sinks on Paladino's political career, say goodbye to one of the worst candidates for major office in the history of New York politics. Farewell, Carl. We will not see your like again. Let's hope.
Congress-13th Congressional District In the only truly competitive congressional race in the city, center-left Democrat incumbent