Results tagged “williamthompsonjr”

It appears that various members of local and state government have lost their cool with the Yankees and their struggles to finance their soon to open new stadium without the additional financial assistance. City Comptroller William Thompson came out swinging with the harshest rhetoric yesterday when discussing the ongoing state of the project stating, "Costs don't go up that dramatically in that period of time. Either someone did that intentionally or it is the worst job of management that I have ever seen."

New York City's budget gap will be as much as $1.9 billion in fiscal 2009 and could possibly balloon to as much as $5 billion by 2011, according to a wholly depressing new report from City Comptroller (and mayoral hopeful) William Thompson Jr. Is it okay to just go back to bed and pretend this isn't happening? Certainly, but the report's disheartening data will still be there tomorrow morning: The recession could cost the city some $935 million in tax revenues next year, a figure that includes a $525 million shortfall in real estate-related taxes, a $345 million reduction in personal income and business taxes, and a $65 million loss in property taxes.