Governor Andrew Cuomo gave his State of the State today, vowing to make 2012 the year "we must transform our government to once again become the progressive capital of our nation." He proposed a $1 billion economic development package for Buffalo, which has the third-highest poverty rate in the country, abolishing the state's requirements for fingerprinting food stamp recipients, deemed himself the "student's lobbyist," and pitched a slew of environmental and energy improvements. But Cuomo was also mum about transportation, spoke glowingly of legalizing gambling, declined to read his brief remarks on hydraulic fracturing, and announced an ambitious plan to build the world's largest convention center at the Aquaduct Racetrack. more ›

See, New York State and Illinois were curious whether they could offer online gaming, and sought clarity on the "Wire Act of 1961, which prohibits wagering over telecommunications systems that cross state or national borders"—specifically, whether the act "prevented those states from using the Internet to sell lottery tickets to adults within their own borders." The Justice Department decision has now "opened the door for states to allow Internet poker and other forms of online betting that do not involve sports. Many states are interested in online gambling as a way to raise tax revenue." more ›

Oh, Mayor Bloomberg. We know you have national ambitions, but is offering this idea really the way into everyone's heart? This morning, our billionaire mayor said on his radio show, "If you want to raise taxes, don't pick one class of people and say, 'I think they have too much money' or 'I don't think they have enough money' or whatever. Raise everybody's taxes 1 or 2 percent or whatever." more ›

New York lovers of mostly-naked dudes mercilessly pummeling each other with their fists inside an octagonal cage to pulsating Danzig: we are almost to the mountaintop! The Republican-controlled state senate has approved the legalization and regulation of Mixed Martial Arts (or MMA, if you don't like them fancy $5 words) and the bill is now off to the Democrat-dominated Assembly, where in the past it has died at the hands of fun-hating politicians. While the Daily News reports that Governor Cuomo "has not taken a formal position on the sport," we're sure he'll come around once he feels the steely elbow of Rochester native Jon "Bones" Jones. BOOYAH! more ›

If boxing already means men get repeatedly punched in the head so bad it can cause brain damage, we don't think that Mixed Martial Arts fighting could be that much worse. But it's still illegal in New York, which means New Jersey is seeing all the MMA action—and cash. NJ.com reports that an MMA event at Madison Square Garden would attract 10,000 local attendees, and would net the city around $1.4 million per event. But it's not like the city needs the money, right? more ›

The state legislature's attempt to bail out the MTA last year has fallen $400 million short, because tax revenues were considerably less than anticipated. You'll recall that back in May 2009, with Doomsday looming, the legislature passed a $2.26 billion plan to bail out the MTA by way of a big payroll tax and numerous other surcharges, including a 50-cent taxi fee; increased costs for a driver's license; and car-rental, garage-parking and license fees. But revenues have fallen short of projections, and now the MTA faces another budget gap, again. Please be patient. more ›

Talk of selling wine in grocery stores has been going on for a while, with Governor Paterson supporting the move as a means to raise revenue for our depleted deficit. Liquor stores may not be behind his bill, but who else amongst us doesn't want the convenience of stocking up on Franzia when loading up the shopping cart? Besides, Fresh Direct and 35 other states are happy to serve up wine with your groceries. Well, according to the Daily Politics, advocates for the sale of wine in grocery stores have taken to the internet with a new ad campaign. more ›

With the rest of the budget looking bleak, parking meters are apparently one of Mayor Bloomberg's few remaining cash cows. The city is anticipating an increase in the amount of money generated by parking meters, bringing earnings to $157 million—up 50 percent from two years ago. That cash, combined with money from towing fees and city-owned parking lots, constitutes a $1 billion revenue stream that shows no signs of drying up, the Advance reports. more ›

Perhaps nostalgic for the license plates of yore as well as being desperate for revenue, NY State rolled out a new license plate redesign that will be required for pretty much all vehicles, new and old, starting next year. The "Empire Gold" license plate, in gold with dark blue lettering, will replace the current white plate with the Niagara falls and city skyline elements and the cost will be another $25 for registration renewals and new registrations. Plus, if you want to your current letter and number license combination, that'll be another $20! more ›

Starting this coming Saturday, bottled water drinks will be subject to a nickel deposit—and the NY State government will be able to collect millions from the unclaimed deposits. Governor Paterson said, "The expansion of this legislation not only provides our State with much-needed revenue, but will also help us to keep our neighborhoods and parks clean." more ›

Broadway is suffering, people! This summer attendance was down 9.3%, compared with the same period a year ago. Even with more expensive tickets, box office grosses were down 2.9%, to just under $290.9 million. So producer Ken Davenport isn't just being a drama queen when he tells Crain's, "We have far fewer butts in seats, and that concerns me. This summer wasn't good, and we're on target for a drop at the end of this season." Davenport produced four shows on Broadway last season but this fall he's only doing one—David Mamet's Oleanna, a two-hander starring Bill Pullman and Julia Stiles. Other producers are hoping celebs like Daniel Craig, Jude Law, and, ugh, Catherine Zeta-Jones can bring the butts back. more ›

The other week, Cablevision revealed that it would shift Newsday.com from a free website to one that charges for its content, given the declining fortunes of newspaper industry. Now the NY Times publisher Arthur Sulzberger says he is considering "incremental" charges at the NYTimes.com website. At an event at SUNY Stony Brook, Sulzberger discussed the print industry, “The immediate future looks, at a minimum, grim. Traditional revenue streams are anemic and getting worse." The NY Times has had various approaches for web revenue: Charging non-subscribers, charging international visitors, charging for editorials and opinion pieces... An analyst tells Crain's, “The Times has taken this position of ‘we’re free, we’re the biggest news site on the Web' If they make a mistake and confuse people again, the Times will have pulled defeat from the jaws of potential victory.” more ›

With the MTA's finances in desperate, dire shape, Assembly Speaker Sheldon Silver has "proposed a compromise on Wednesday that endorses putting tolls on the bridges over the East River and the Harlem River," the NY Times reports. The idea to toll the currently free bridges came up last November, but opposition from drivers has been fierce. Silver offered a compromise to charge $2 tolls to drivers—which is what subway and bus riders pay—and said, Obviously there are some who don’t like the toll. And I put that in the juxtaposition of, ‘Look, this is the only game in town.’” But Assemblyman Rory Lancman (D-Queens) told the TImes, “Tolling the bridges is just not acceptable to me. Once you cross the Rubicon on tolling bridges the future conversation is merely, ‘How much is the periodic increase going to be?’" more ›

Earlier this week, the MTA said that the proposed 8% subway and bus fare hike for next year might actually be higher. Why? Because the fare hike was discussed before the more recent economic downturn, credit problems, etc. (the MTA said, "Usually it doesn't change that much because our projections are pretty good. This year, because of the crisis, the changes are more significant."). It might be time to seriously consider alternative revenue streams like putting cats at the entrances of subway stations. In Japan, Tama the calico cat, mascot of the Wakayama Electric Railway, has helped put $10 million into the local economy! more ›

Given that the MTA project billion-dollar budget gaps in future years and that the cash cow of congestion pricing never made it to the altar, there may be a good idea of increasing revenue by way of Japan. The Associated Press has a story about a "money-losing Japanese train company" whose new lease on business life is thanks to a calico cat named Tama:

All the 9-year-old female cat does is sit by the entrance of Kishi Station in western Japan, wearing a black uniform cap and posing for photos for the tourists who are now flocking in droves from across the nation. more ›

Glory Days, the new musical written by a pair of twenty-somethings from Virginia, closed after its official opening night last night, joining such Broadway flops as Moose Murders and Teaneck Tanzi in the illustrious "Open/Close Club." The negative reviews proved too much for producers, who chose to pull the plug and eat their $2.5 million investment. In writing his delicate pan, Ben Brantley noted that the producers “have done this little, hopeful show no favors by dragging it into a spotlight that invites close and unforgiving inspection.” more ›

The New York State Legislature finally passed a budget two weeks ago, which it balanced by taking on extra debt without the approval of voters to fund a 6% increase in spending as revenues continue to shrink. State Comptroller Thomas DiNapoli says New York is heading for trouble, especially since revenue projections are so uncertain and vulnerable to further economic downturn. more ›