Monday, August 4, 2008

From Wall Street to Main Street

When it comes to people who garner my sympathies, Wall Street executives aren't usually high on the list. However, this NYT article on the expected drop in Wall Street bonuses is disconcerting enough that Central NY School Board Association is sending it around. Here's the clincher:
The state’s budget department estimated that the projected decline in bonuses would reduce state tax revenue by about $700 million this fiscal year, which ends March 31, said Jeffrey Gordon, a spokesman for the department.
Don't think for a minute that your school, town, or county will be immune.

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