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Deteriorating economic factors have propelled New York State’s projected budget deficit to $4.1 billion, according to the state’s comptroller , who warned on Wednesday that state leaders needed to do more to address an increasingly dire situation. “Most...
Tags: David Paterson, New York State Comptroller, budget deficit
The average bonus declined by 36.7 percent to $112,000 in 2008...It was revealed last week that the former chief executive at Merrill Lynch, John Thain, approved billions in bonuses even as his company was reporting billions in losses. In this city, however,...
Tags: New York State Comptroller, Thomas DiNapoli, street bonuses, Lehman Brothers, bonus pay, bonus pool, The Wall Street Journal
The report, covering the period October 2007 to October 2009, warned that "job losses could be even greater if the downturn is longer and deeper than currently forecast.'' The report underlines alarming budget shortfalls facing both New York city Mayor...
Tags: New York State Comptroller, New York City, Comptroller Thomas DiNapoli, securities industry, financial crisis, real estate, tax revenue