Bloomberg Says Congestion Pricing Is Not Dead

At the Copenhagen Climate Summit, as he watched New York State legislaters grapple with budget cutbacks, Michael Bloomberg tried reviving a failed green initiative that could put money back into the local economy: congestion pricing.

“I don’t think congestion pricing, or those kind of things, are dead,” he said on CNBC this morning. Read More

A Candid Ravitch Warns of $25 B. Budget Gap, Hints at Tax Overhaul

Lieutenant Governor Richard Ravitch does not have a rosy view of the state’s finances.

Speaking Wednesday morning at N.Y.U., Mr. Ravitch, the state’s point man on the ongoing fiscal crisis, warned of tremendous new budget gaps in coming years, saying the state faces a deficit of about $25 billion over the next two-and-a-half years, about Read More

Bloomberg: ‘It’s Up to the Senate to Do Something’

ALBANY—Michael Bloomberg and his top aides are here lobbying for education aid with U.F.T. President Randi Weingarten. They spoke to reporters on the Great Western Staircase about meetings with David Paterson, Assembly Speaker Sheldon Silver, Senate Majority Leader Malcolm Smith and Minority Leader Dean Skelos (Bloomberg said Assembly Minority Leader Jim Tedisco was "out of Read More

Paterson Backs Ravitch Plan, Bloomberg Says, ‘I Don’t Want to Make This Proposal My Own’

David Paterson explicitly came out in support of the Ravitch Commission’s recommendations to fund mass transit by taxing business payrolls and tolling the East River Bridges.

“We need a smarter, better infrastructure” and “we should implement the Ravitch Commission recommendations to improve an essential piece of our infrastructure, the M.T.A.,” Paterson said in Read More