Sure, $60 billion is a lot for a one state to demand from Uncle Sam, but New York likes to think big.
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New York’s Modest Ask: $60 Billion
Tag Archives: State Budgets
The ‘Illinois Is Not Puerto Rico’ Fallacy
Why is Illinois like Puerto Rico? Both have made promises they can’t, and therefore won’t, ultimately keep.
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Burgling The Future
Paul Volcker and Richard Ravitch have some smart things to say about government finance, but no power to do anything but talk.
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The SEC’s Race To Restore Municipal Bond Integrity
The SEC wants to protect the muni bond market by challenging misleading government accounting. Is it too late?
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California’s Train To Nowhere
Rather than confront its many real problems, California fixates on a fast train to nowhere.
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Gov. Andrew Cuomo’s First Picture Show
Happy endings are more Hollywood than Albany. But last week, New York’s legislature enacted the state’s annual budget on time, …
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‘Functionally Bankrupt,’ But Honest About It
A guy told me the other day that he is “functionally bankrupt.” He has around $57 billion in outstanding debt …
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The Bankrupt State We’re In
Generals always fight the last war, and policymakers always try to prevent the last crisis. Usually these are the wrong …
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States Prepare For The ‘Red Wedding’
How much fiscal blood will states spill due to the pandemic? A governor cites the notorious Red Wedding from “Game of Thrones.”
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