Thursday, December 06, 2012
Back from his trip to China, Brian looks at Chinese business within the state's authoritarian government with The Atlantic's James Fallows. Plus: NPR's Mara Liasson on national politics; what new U.S. Census numbers reveal about recently arrived New Yorkers and the city's median income; and an investigation into how government subsidies impact local economies.
Tuesday, December 27, 2011
Local governments across the country are only now starting to feel the worst effects of the now five-year-old housing crisis. As property assessments finally start to reflect falling home values, local tax revenues will take a hit. However, many experts agree that this is only the beginning for these burgeoning deficits, as home values will continue to decline into 2012 and 2013. Where local governments can make up this difference remains unclear.
Monday, September 26, 2011
By Ilya Marritz
Towns and counties across New York are drawing up their budgets for 2012, and this year the job is particularly complicated. The reason is the property tax cap enacted in June.
Wednesday, March 23, 2011
By Anna Sale
Governor Andrew Cuomo hung the responsibility of passing a budget squarely on the shoulders of lawmakers in a video message to New Yorkers on Wednesday. “Either the legislature will pass, or will fail to pass, the state budget that I have proposed,” Cuomo said in a video on his website. “The budget that I proposed does what you sent me here to do. It closes a $10 billion deficit with no new taxes.”
That’s no new taxes at the state level. But with cuts to municipal and county budgets in the offing, some of those costs may be passed straight to local property tax bills, which are already among the highest in the nation.