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New York needs more millionaires, fiscal watchdog says

admin August 29, 2025 0 Comments

New York needs more millionaires — or risks falling behind its rivals and losing billions in tax revenue, a fiscal watchdog warned in a new report that’s already roiling the mayor’s race. The nonpartisan Citizens Budget Commission said Thursday that while New York state nearly doubled its number of millionaire earners from 2010 to 2022, […]

Zohran Mamdani’s fiscal armageddon could bring NYC back to the bad old days

admin June 29, 2025 0 Comments

Ah, it’s getting easier to long for the good old days — when Gotham was dominated by machine politics, corruption and fiscal mismanagement. Yes, it led to the dreaded fiscal crisis of the mid- to late 1970s, near bankruptcy and a deep city recession that hit hard at the working class in the five boroughs […]