Your Friendly Neighborhood Economist

Not really much change, overall. Still well down from a year ago, which is good.

Revenues were 2.75% higher in Columbia County and 3.03% lower in Greene County in the first quarter of this year compared to the first quarter of last year. In the state as a whole, revenues were 1.15% higher.

The Greene County legislature is pushing back against the thirty-five year trend of s**t flowing downhill, fiscally speaking. By which I am referring to the tax-cutting religion combined with the practice of cramming costs down from the Federal to the State level and from there to municipalities.

perhaps. a response from Farmers and Families for Livingston:

I hope. This is great stuff:
“… the impact of any financial crisis is not measured primarily in terms of whether the Treasury made or lost money on specific investments. The criteria instead should be what happened to output and jobs, as well as what the impact was on the country’s fiscal accounts. How much more public debt do we have now relative to what we had before — and what kind of lasting negative effects will that have?
… No matter how you look at it, the financial crisis was a complete disaster for the real economy and, given the way fiscal politics work in the modern United States, for the budget and for investments in any kind of physical infrastructure and education.”

reduced cost of living increases and rosier estimates of pension fund growth (where have I heard that before?) mean Detroit’s pensioners may not lose their entire pension benefits.

It must be the beneficial effect of all those repeal votes in Congress.

These businesses certainly can afford it, without raising prices much, either:
“A group of Democratic lawmakers from New York City on Wednesday announced a new push to raise the minimum wage for many low-paid workers, calling for a $15-an-hour “fair wage” for employees of McDonald’s and Walmart and other businesses with yearly sales of $50 million or more.”