The Greek debt crisis has inspired economist Michael Boskin to lay out some fundamental lessons that are equally applicable to our own federal and state governments. Quoting directly from this article by Boskin, the lessons are: elected officials systematically... Read More
Governor Paterson would need the support of the Legislature to freeze wages of state workers. The next governor could partially freeze salaries by letting union contracts expire next year. One would-be governor, Attorney General Andrew Cuomo, has proposed freezing... Read More
"The New NY Agenda" is the title of a policy booklet issued yesterday by Andrew Cuomo, the soon-to-be nominated Democratic gubernatorial candidate. If that title sounds familiar, it's because "New, New York" (including that all-important comma after the first "New")... Read More
The broad outlines of Andrew Cuomo's gubernatorial campaign platform are beginning to dribble out as the formal announcement of the attorney general's candidacy approaches. By the time the state Democratic Party Convention opens next Tuesday... Read More
The Senate passed financial industry "reform" yesterday. But one important amendment failed earlier this week: New Hampshire Senator Judd Gregg's proposal to prohibit federal bailouts of state and local governments. The Judd amendment... Read More
Voters in New York's suburban, rural and smaller city school districts approved 92 percent of proposed school budgets yesterday, according to the New York State School Boards Association. This is above the historical average approval rate of 83 percent... Read More
Layoffs of up to 10,000 state employees are "on the radar screen," according to the New York Post. Citing an unnamed Paterson administration official, the Post reports Governor Paterson has been told the "no layoffs" memorandum signed... Read More
A federal judge has temporarily blocked a one-day furlough of state workers until he can hear arguments in two weeks. In doing so, however, he also referred to a pay freeze upheld in Buffalo. U.S. District Judge Lawrence Kahn also ruled... Read More
Spiraling costs of employee benefits--as well as 4 percent pay raises--are squeezing the budgets of both New York State and New York City. According to the state Division of Budget (DOB), employee benefits (pensions, health insurance, federal payroll taxes... Read More
e21 has a good staff editorial up on the now-tragic Greek crisis, with possible implications for New York and California. The plan for Greece, of course, is for Europe and the IMF to bail out the debt-drenched nation's bondholders, by imposing austerity... Read More
When freezing salaries for public employees has been proposed, critics said it couldn't be done. But an analysis of court decisions shows that the state Legislature has the power to freeze the salaries of all state, local and school district employees... Read More
If lawmakers reject a separate bill furloughing 100,000 state workers for one day during the week of May 10, Governor David Paterson is prepared to package the measure as part of a budget extender bill, forcing legislators to risk shutting down state... Read More
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