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Deficit

Nassau County Police (credit: CBS 2)

Nassau County Postpones Vote On Police Precinct Closings

Deputy County Executive Rob Walker says the administration is negotiating with police unions on issues related to Mangano’s police plan.

02/26/2012

New York City Mayor Michael Bloomberg and President Barack Obama (credit: Edward Reed / Mayor's Office, NICHOLAS KAMM/AFP/Getty Images)

Mayor Bloomberg Calls President’s Deficit Plan ‘Class Warfare’

Saying “We can’t just cut our way out of this hole,” President Barack Obama is calling for $1.5 trillion in new taxes as part of a 10-year deficit reduction package totaling more than $3 trillion.

09/19/2011

The seal of Rockland County

Credit Rating Agency Gives Rockland County Negative Outlook

According to credit rating agency Moody’s, school districts and municipalities in New York are already strained.

07/12/2011

N.J. Gov. Chris Christie

Gov. Christie Hosts First Town Hall Since Budget

Christie goes to West Deptford after presenting a $29.4 billion budget that would require the Democratic-controlled Legislature to enact major changes to public employees’ pension and health benefits.

02/24/2011

Governor Chris Christie  (Governor's Office/Tim Larsen)

Gov. Christie Delivers Ultimatum In Staunch Budget Speech

Chris Christie’s second annual state budget address will likely ruffle feathers and bolster his reputation among his supporters as a fiscal conservative.

02/22/2011

MTA bus (credit: CBS 2)

MTA To Vote On Bus Service Reductions

The hardest hit lines include the B36 bus in Brooklyn and M22 bus in Manhattan, both of which would see fewer weekend buses.

01/26/2011

MTA bus (credit: CBS 2)

MTA May Cut Bus Service Throughout NYC

The agency said it will save $300,000 a year with the cost-cutting plan.

01/25/2011

Buildings are seen on West 56th Street - New York, NY - Jul 24, 2010 - Photo: Evan Bindelglass / WCBS 880

DiNapoli: New York City Economy On The Rebound

The State Comptroller reported that New York City’s economy is recovering faster from the recession than the rest of the state and nation.

12/16/2010

New York Gov. David Paterson

Report: Paterson Doled $16.7M In Grants Last Week

The Times Union of Albany reported that Paterson allocated the money for a youth chess program and to promote a New Jersey-New York Super Bowl, among other things.

12/06/2010

Andrew Cuomo (credit: Michael Nagle/Getty Images)

Cuomo To Lawmakers: Get Smart About Fiscal Woes

Governor-elect Andrew Cuomo is already sharpening his budget ax and school aid is among his first targets. He said the billions New York has spent to educate children has not paid off in results.

11/08/2010

Gov. David Paterson (Credit: Jemal Countess/Getty Images)

Paterson: Hard Times To Get Worse For N.Y. Deficit

ALBANY, N.Y. (AP) — New York’s hard times just got harder. The Paterson administration says closing the latest deficit may require cuts of perhaps 1 percent in every area including a midyear cut in school […]

11/04/2010

New York City Subway and Bus Fares May Increase

Report: MTA Debt Could Cause Fiscal Disaster

According to the Daily News, transit riders are facing even bigger fare hikes and additional service cuts if the next governor of New York doesn’t increase funding.

10/21/2010

(credit: Getty Images/ Jemal Countess)

Sales Tax On Clothing Makes Return In NY

The state had previously enacted a temporary exemption on clothing costing less than $110, but the discount ended.

10/02/2010

(credit: Jemal Countess/Getty Images)

NY Clothing Tax Exemption Ends This Week

The tax was reinstated to help close the state’s budget deficit.

09/28/2010

Gov. David Paterson (Credit: Jemal Countess/Getty Images)

Paterson Orders 2,000 State Jobs To Be Cut

Paterson has warned for months that deficits continue to mount in the state and layoffs would be likely by the end of the calendar year.

09/23/2010

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