John Degnan, a former chief operating officer of Chubb Corp., was nominated for chairman of the Port Authority of New York and New Jersey by Governor Chris Christie, filling a vacancy brought on by the scandal over last year’s lane closings at the George Washington Bridge.
Mayor Bill de Blasio’s vision of raising income taxes to pay for pre-kindergarten and after- school programs would generate $530 million a year. By revamping property taxes -- and taking on some of New York’s richest residents -- he could get eight times as much.
New York Mayor-elect Bill De Blasio scored a landslide victory championing an ambitious agenda that includes taxing the rich to pay for universal pre-kindergarten, building or preserving 200,000 units of low-income housing and creating better-paying jobs for city residents.
New York Governor David Paterson delivered 6,709 vetoes -- a stack of paper 31 inches high -- to absent lawmakers, trimming $805.3 million of spending that still doesn’t close the state’s $9.2 billion deficit.
New York Governor Andrew Cuomo is betting he can hold the line on spending for five years to pay for tax cuts. Investors back the plan, even as it leaves out the cost of renewing contracts with the state’s biggest unions.