CHICAGO -- Contrary to the dire fiscal report released by the State Budget Crisis Task Force in July, the National Conference of State Legislatures is...
WASHINGTON -- Increased communication between the federal government and states is being emphasized as one of the ways to solve the budget crisis thre...
WASHINGTON -- A new report has projected a $4 trillion shortfall for states and potentially dire consequences if they do not change their budget pract...
WASHINGTON -- State finances are teetering with $4 trillion in unfunded liabilities to cover pensions and health care for state workers, along with re...
ALBANY, N.Y. (AP) -- New York Lt. Gov. Richard Ravitch warned Thursday that the entire Northeast is threatened by rapidly deteriorating New York City ...
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.
Day 78 without a state budget. 78 is the speed of some old records, in rpm, the atomic number of platinum, and the number of chromosomes in a dog's DNA (39 pairs). We have 23 pairs.
Gov. David A. Paterson said on Wednesday that he would unilaterally insert the rest of his budget proposal into an emergency spending bill due on June...
In July, Richard Ravitch was working his way through a steak dinner at Peter Luger's when an aide to Gov. David A. Paterson unexpectedly arrived to sw...
Phil began grilling me, "the US economy should rely on pure free market capitalism for everything. Anything involving the government is wasteful and ...
The cacophony over what to do about public school education and when to do it and how to do it... is deafening. The disconnects have run absolutely wild.
Once again, the state has no budget. The problem? There's nobody to be afraid of. New York is not a place that operates on rational debate or planning. Power comes from two things: money and fear. Right now we don't have either.
ALBANY, N.Y. (Associated Press) -- Closed-door budget talks at the Capitol on Tuesday included discussion of a spending cap, more borrowing and propos...
New York is at a precipice of sorts. Looking back over the political history of the state, it's completely unique. Sure, there were the Draft Riots of...
The political world in New York is buzzing that Governor David Paterson may be close to stepping down amid damaging revelations over the role he playe...
Governor David Paterson may go down as having the strangest governorship in New York state history, if not American history.
Stepping into office in ...
The strange craziness that began with the rumors that the New York Times was looking into his sex life has now reached a point that even most of David Paterson's harshest critics never expected.
If being governor of New York was a normal job, David Paterson might have made a go of it. But in Albany, it's the legislature that rules. To have any influence on that clan of bozos, a governor has to be very able and very tough.