The growth prospects for New York’s metropolitan areas between 2013 and 2020 range from dismal upstate to mediocre downstate, according to a study issued by the U.S. Conference of Mayors.
Two late-breaking bills stand out among more than a half-dozen pension sweeteners passed by New York’s state Legislature during the final days of the 2014 session. One would restore a benefit cut by Gov. Cuomo's Tier 6 reform, and the other would vastly expand pension credit for time served in the military.
Another month, another not-so-hot jobs report for New York State.
Private sector employment statewide grew by 1.4 percent during the 12 months ended in May, trailing the national average gain of 2.1 percent during the same period.
Both houses of the New York State Legislature have now approved a bill expanding the share of public pension funds that can be invested in complex, high-risk alternative assets such as private equity and hedge funds.
New York’s public pension funds will have the green light to significantly increase their asset allocations to “alternative investments,” such as private equity and hedge funds, under a bill that looks greased for passage in both houses of the state Legislature.
The Thruway Authority still hasn't revealed its plan for financing the new Tappan Zee bridge, but a state revolving loan fund for clean water projects will help prime the pump.
New York's economy grew more slowly than those of all but four other states in 2013, the latest federal data show.
The real GDP numbers are consistent with job-creation data, which also show the Empire State to be lagging well behind the U.S. as a whole.
An abandoned service area on the Taconic State Parkway in Dutchess County has been reopened, at taxpayer expense, as a government-run "Taste NY" store and farmers' market.