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 [...]

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  

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 [...]

NYS School Boards Association begins the apologies of why the states school districts will not be able to meet the 2% tax cap.  The complaints of employee benefits and pension costs are a few of the reasons.    If the negotiated benefit packages are going to prevent the school districts from meeting the 2% tax cap, then why do the [...]

One of America’s great cities completely run into the ground. Detroit Mayor Dave Bing is upset about a possible takeover by the state. Bing says “We know what needs to be done, and we stand ready to do it.“…..