Do we have a problem or a predicament in the way government tries to solve the social issues we face in our society. Problems have a solution or a ending. Predicaments have only outcomes. Going over Governour Cuomo State of the State Address, a lot of proposed fixes for problems or are they predicaments that our state is in. Are we [...]
Moody’s lowers Illinois credit rating, again
Some state’s just can’t help themselves… Tax everyone and everything, raise fees and drive all the producers out to tax friendly states. Again, no leadership and blame everyone but ourselves. Sound familiar? SPRINGFIELD — Illinois, unable to solve its long-running financial problems, was given the lowest credit rating of any state in the country by Moody’s Investors [...]
Balance Budgets and Middle Class Tax Relief
As our state retired employees sue New York State over a modest health care premium increase, the rest of us will swallow 8% increases on our health insurance. ”Danny Donohue, president of CSEA, said the administration is being “heartless.” “Nobody bargained for this and these increases will hit retirees hard — it’s not right and they don’t deserve this treatment,” he said in a [...]
State Comptroller Tom DiNapoli: State Tax Collections Continue to Trail Projections
The weekly cash burn continues for New York State. Another signal how the 2% property tax cap will be trashed by the powers to be. The Governor and Legislature are going to have to dig deeper for budgets cuts. “We’ve seen the growth in tax collections slow throughout the year,” DiNapoli said. “Financial sector downsizing, as well as lower profits and bonuses on [...]
“Full Faith and Credit” of General Obligation Bonds Comes to Critical Test in Alabama Bankruptcy
As municipal budgets come under increase pressure, bond holders will demand higher risk premiums. This will lead to increase costs for taxpayers. Click link below for more information “Full Faith and Credit” of General Obligation Bonds Comes to Critical Test in Alabama Bankruptcy
Does The New Broome County Executive Appointees Instill Public Confidence?
As I read this article in the Press, I could not but think how a new broom should sweep clean. Instead, it appears the dirt is being sweep back into the house. As the new County Executive gets her administration in order, I am surprised at the number of local political names getting key posts. I am sure that all of [...]
