Posted inCity Hall

City Council Floats Its Own Budget Ideas to Counter Eric Adams’ Cuts

The leadership of the City Council is crafting an alternative to the budget cuts announced by Mayor Eric Adams that potentially includes using the city’s robust financial reserves to stave off immediate cutbacks and asking Albany for tax increases next year to bolster the budget. In media interviews since the mayor announced his plan to […]

Posted inEconomy

Wall Street Powers Through Trouble, Sees Employment Rebound

The headlines about Wall Street this year have painted a dire picture. “New York firms lose $1 trillion in Wall Street business as firms flee the city,” screamed a New York Post headline in August. “Citigroup CEO sets sweeping management changes, job cuts,” reported Reuters the next month. But in fact, the securities industry is doing surprisingly well […]