“O, what a tangled web we weave when first we practice to deceive!” Sir Walter Scott (1808)

In Columns by Hal PetersonLeave a Comment

Last week’s column “Managing other people’s money” was written to explain how next year’s Nassau County’s $131.1 billion budget first gained the attention of the New York State Comptroller’s Office; and the role played by both the Nassau Interim Finance Authority (NIFA) and the Nassau County Legislature in its certification.    Now the rest of the story. On October 29th …

Managing Other People’s Money

In Columns by Hal PetersonLeave a Comment

Both New York State Comptroller Thomas DiNapoli, and Nassau County Executive Laura Curran recently released two divergent comments that require, in my opinion, further examination to judge, whether or not, fiduicary responsibilities and applicable accounting standards, are being met for the common good.     Comptroller Thomas DiNapoli reports Nassau County is under “significant fiscal stress” based on year-end general fund …

Florida ‘more friendly’ for expansion, LI assisted living developer says

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Engel Burman Group, the Jericho-based developer of the upscale Bristal Assisted Living chain, will focus future expansion efforts in South Florida rather than the tristate area, an executive said Wednesday citing National Grid’s moratorium on new gas hookups as a determining factor.   “It’s always been difficult to get things done in this region, but the final straw is this natural gas situation,” president Jan …

Who’s running the railroad?

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Crain’s New York Business 9/1/19 New York must decide whether politicians or independent boards control public authorities. Public authorities over the past 50 years have become a critical source of funds for the state. As public needs have outstripped tax revenue, the state has increasingly turned to these quasi-governmental bodies to pay for essential infrastructure by issuing bonds neither approved …

Reefer Madness or Pot Paradise? The Surprising Legacy of the Place Where Legal Weed Began.

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On June 19th, Manhattan Democrat Sen. Liz Krueger announced the bill she sponsored to legalize recreational marijuana will not be voted on this year. “It’s only a delay, not the end of the road.” Hopefully more than a delay based on what is currently happening in Colorado, five years after legalization, as reported by the New York Times columnist Jack …

Governor Cuomo’s Silly War on Natural Gas

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By Robert Bryce, a senior fellow at the Manhattan Institute published in the National Review.   Since 2005, domestic gas production of natural gas has nearly doubled, and American companies are now sending liquefied natural gas all over the world. But good luck getting that gas in Yonkers or New Rochelle. Thanks to Governor Andrew Cuomo’s continuing blockade on new gas …

Taking Stock of Albany’s 2019 Destructive Legislative Session.

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Among others, Bob McManus, contributing editor of City Journal and E.J. McMahon writing for the Empire Center agree that New York’s just ended state legislative session represents a triumph of the left. In part, how so! The lawmakers, and in particular progressive Democrats, dealt heavy blows to property rights and the rule of law, trial lawyers picked up a few juicy …

You’re Lights May Be Flickering!

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In Boston, a large Liquified Petroleum Gas (LPG) barge is docked to provide a supplemental source of energy to help keep the lights on. Originating in Russia, that supply is badly needed because activists in Massachusetts and New Hampshire successfully halted pipe line projects they felt would lock them into “fossil fuel dependence for decades.”    A bizarre solution given …

New York’s Fiscal Slide Down a Slippery Slope!

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The Citizens Budget Commission, a nonpartisan, nonprofit “watchdog group” with a mission to achieve constructive changes in the finances and services of the city and state, just issued a study titled “A $10 Billion Dollar Reason to Rethink Economic Development in New York.”     This is an interesting study with all of the numbers going in the wrong direction. The …

Lawmakers Push for Social Justice in Cannabis Legalization Efforts

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As New Jersey’s legalization bill heads for a vote in the legislature with robust racial and social equity provisions this Monday, New York also considers the best path forward. New York Gov. Andrew Cuomo has proposed a plan to legalize, tax and regulate adult-use of recreational cannabis in the state’s budget, but some lawmakers are raising concerns that his proposal lacks what New …