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Blog Entries by Vegas Tenold

Cuomo's Missed Opportunity

Posted February 2, 2011 | 12:35:18 (EST)

Governor Cuomo's "state management presentation," as he called it, should make him some friends among the Republicans in the State Senate, but falls well short of addressing the real problems of Albany budgeting.

It is difficult to disagree with the premise of the proposed budget. Spending is outpacing revenues by...

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The Misshape of Things to Come

Posted December 14, 2010 | 09:38:43 (EST)

For those who have been paying attention to politics in Albany, it can be tempting to dismiss the Legislature as a childish, bickering bunch of politicians who care more about making immediate political gains than serving the state of New York.

Last year's budget negotiation was a particular low...

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Now You See It, Now You Don't: Plugging the Gaps in New York's State Budget

Posted November 8, 2010 | 13:17:44 (EST)

Last spring, while the New York legislature stubbornly refused to agree on a budget, Richard Ravitch, the newly appointed Lt. Governor, came up with a plan to rein in the state's out of control deficit. His idea was simple: to stop hiding debt in funds, borrowing fast cash from trusts...

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