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
Salaries of school superintendents in the Buffalo region have outpaced inflation during the past decade, according to the Buffalo News (here). Pay for all but one school superintendent in Erie and Niagara counties outpaced inflation, in most cases... Read More
Salaries of school superintendents in the Buffalo region have outpaced inflation during the past decade, according to the Buffalo News (). Pay for all but one school superintendent in Erie and Niagara counties outpaced inf Read More
As reported in today's Wall Street Journal, the state may re-enter the short-term credit markets for the first time in two decades in order to cover a cash shortfall in June. The possibility was first raised in a forum at the Rockefeller Institute... Read More
Things got ugly in Buffalo where the teachers union faced a choice: protect jobs of younger teachers or safeguard an unusual perk--face lifts, breast enhancements and other cosmetic surgery--financed by Buffalo taxpayers. In the cold calculus of union leadership... Read More
Democrats in the New Jersey Legislature--as well as the state's new Republican governor--are giving a cold shoulder to once powerful public employee unions. The unions, "long seen as a potent political force and often depicted as an 800-pound gorilla looming over the Statehouse, are running short.. Read More
Arkansas Sen. Blanche Lincoln released her bill for derivatives reform last week. It contains a nugget of good news for state and local taxpayers. The bill would require dealers in the oft-complex business of interest rate and other "swaps," largely... Read More
More than 15,000 Judicial Branch employees apparently are exempt from Governor David Paterson's temporary pay freeze (here). The Albany Times Union reported Tuesday that pay checks of most nonjudicial employees will be fattened with 4 percent... Read More
hile a relatively small number of taxpayers are shouldering the lion's share of the federal, state and city income tax burden, everyone will soon be footing a bigger bill for rising government spending. Nicole explains... Read More
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