Governor Andrew Cuomo and New York legislative leaders may reach a deal as soon as today on a $136.5 billion budget that would extend a higher tax on top earners, raise the minimum wage and cut $700 million in taxes.
Governor Andrew Cuomo negotiated an agreement with New York lawmakers that will smooth passage of a $136.5 billion budget and extend a higher tax on top earners for three years to help close a deficit.
After 30-year-old Harold W. “Terry” McGraw III helped his father fend off a hostile takeover from American Express Co. more than three decades ago, McGraw-Hill Cos. shareholders were rewarded with an 11 percent annualized return through 2012.
The drone of generators fills the silence of lower Manhattan on a weekday afternoon. A newsstand is open at the corner of Wall and Water streets, its main customers now cleanup crews rather than bankers, lawyers and other financial district office workers.
New York Mayor Michael Bloomberg enters 2012 facing the prospect of 10,000 lost Wall Street jobs and a budget deficit that may make it more difficult to build on gains in health, education and public safety.
New York City Public Advocate Bill de Blasio, a probable Democratic candidate for mayor next year, proposed a tax increase on residents earning more than $500,000 a year to pay for extended school hours.
New York is where the 1 percent live -- and they have the tax returns to prove it. Nine of the 10 most heavily taxed neighborhoods in the U.S. are in the city’s metropolitan area, Internal Revenue Service data show.
Henry Kravis, the billionaire co- founder of KKR & Co., the buyout firm that manages $66 billion in assets, knows a thing or two about disaster recovery. Following the terrorist attacks of Sept. 11, he helped secure interest-free loans for 89 damaged businesses so they could re- open.