Thursday, March 31, 2005

Trouble for New York's Cities

There is an article in the Times Union today about a recent local-government finance conference in Albany (I'd link to it, but its not online). General consensus is that New York's cities have serious financial problems in the near future.

"Many cities are nearing their legal limit for taxation" (no surprise there)

"Rochester Mayor William Johnson, who is leaving office after 12 years said his successor will be in 'real trouble'".

"Fend-for-yourself localism is probably a disaster for upstate cities" John Traylor, aid to the Comptroller.

Unfortunately, the article didn't provide any solutions.