State Comptroller Thomas DiNapoli yesterday issued a happy talk news release touting the state retirement system's 26 percent return on investments in fiscal 2009-10, which ended March 31. “The Fund remains one of the strongest in the U.S.,” DiNapoli said. Read More
The Paterson administration, which leaves office December 31, is preparing a plan to lay off thousands of state workers on January 1. Is this real or a merely a threat to force recalcitrant unions to make concessions to achieve the $250 million in workforce... Read More
Visions of sugar plums dance in the heads of older state workers--amid Albany's $9 billion budget gap. They dream of fatter pensions should Senate approve Governor Paterson's early retirement bill as the Assembly did this week. Although a bonanza for... Read More
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
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