Same old jobs story, updated by E.J. McMahon | | NYTorch

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Private sector employment growth in New York State continues to trail the U.S. as a whole, with upstate lagging far behind downstate, according to the latest state Department of Labor (DOL) monthly jobs report.

A tangled broadband proposal by Kenneth Girardin | | NYTorch

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As part of his plan for allocating $5.4 billion in one-shot windfall funds, Governor Cuomo wants to spend $500 million to expand the availability and capacity of broadband Internet access across New York. But given pressing traditional infrastructure needs, should broadband rate a high priority? Do we really need it? The governor's case, on closer inspection, is less than compelling.

Cuomo’s fungible windfall by E.J. McMahon | | NYTorch

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Governor Cuomo repeatedly has said that the state’s unprecedented $5.4 billion cash windfall is a “one shot” that should not be spent on recurring expenses such as school aid or agency operations. Yet his proposed budget language might allow him to do just that.

NY leads in unionization by Kenneth Girardin | | NYTorch

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New York State had the nation's most unionized workforce in 2014, thanks largely to its very heavily unionized public sector.

Bankrolling Buffalo’s botox by Kenneth Girardin | | NYTorch

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School districts across New York are clamoring for a full restoration of state aid cuts known as the Gap Elimination Adjustment, or GEA. But a look at spending in the state's second-largest city illustrates how this battle is not necessarily all about the kids.

Despite probe, Cuomo ups VC funding by Kenneth Girardin | | NYTorch

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A little-noticed section of Governor Cuomo’s State of the State “Opportunity Agenda” calls for investing another $100 million in state money in startup companies—even as federal auditors probe Innovate NY, the state’s original dalliance with venture capital (VC).

Got flowers? Thank surge pricing by Kenneth Girardin | | NYTorch

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One of the hallmarks of ride-sharing services like Uber is their practice of temporarily boosting prices to encourage more drivers to accept fares. It’s supply and demand at its simplest, and while critics have derided this price mechanism, anyone giving flowers to their valentine today is living proof that “surge pricing” benefits both providers and consumers.

Pension fund inches up by E.J. McMahon | | NYTorch

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New York State's largest public pension fund earned 1.91 percent during the quarter ending Dec. 31, state Comptroller Thomas DiNapoli announced today.
Meanwhile, the New York State Teachers' Retirement System (NYSTRS) has confirmed its contribution rate will drop for the first time in five years when pension bills for 2015-16 come due in the fall.

Neither announcement says much about the long-term future path of taxpayer-funded pension costs in New York, however.
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