On Demand
Headlines
- City Cracks Down on Unlicensed Cabbies
- Financial 411: Nets Gain
- Paterson Reprimands Lawmakers Over Budget Gap
- Gillibrand, McCarthy To Introduce Gun Control Bill
- Top Court Upholds Use of Eminent Domain on Atlantic Yards Project
- More
- 'Washington Post' To Close Remaining U.S. Bureaus
- Washington Wizards Owner Abe Pollin Dies At 85
- GM's Lost Deal Could Mean End Of Saab's Story
- More
- Obamas welcome guests with curry at state dinner
- Obama to unveil plan to add troops in Afghanistan
- SPIN METER: 'War and Peace' in 209 pages?
- More
News
Economic Damage from Senate's Deadlock Adds Up
by Ilya Marritz
NEW YORK, NY July 10, 2009 —The deadlock in the state Senate may be over, but weeks of legislative inaction have caused plenty of economic harm. WNYC's Ilya Marritz surveys the damage.
REPORTER: New York City had been counting on a half a percent sales tax hike, starting June 1. Without that tax, the city says it's already suffered $60 million in lost revenue this month.
It's delayed hiring hundreds of municipal workers, including police and firefighters. Those new workers will miss at least a few weeks of pay.
City Marshals have also been idling, as they wait for Albany to renew their authorization to seize property on behalf of creditors. Commissions make up the bulk of marshals' income.
Economic winners in the standoff? Well, shoppers in the city have a had a temporary reprieve from the sales tax hike. For WNYC, I'm Ilya Marritz.
REPORTER: The city's sales tax did pass early this morning. The vote was 43-19 with the help of Republicans because a number of Democrats opposed the bill.
Vote 2009
WNYC provides analysis of the characters and debates of those running for mayor, comptroller, public advocate, district attorney and City Council. Share your election story or gripe and post your comments on the news blog.
More
Financial 411
WNYC's Amy Eddings hosts a daily overview of financial news at 4:30 weekdays which is available via podcast, with highlights from the day and a preview of what you can expect tomorrow.
More
Main Street NYC
WNYC is following five blocks over the next year to see how the economic downturn is being experienced on the street level.
More
Uncommon Economic Indicators
The Brian Lehrer Show is keeping a close eye on how the economy is affecting the little things in daily life. Share your stories and photos of the downturn.
More