The Municipal Market Advisors research shop says today that in Minnesota and Colorado upholding states' rights to reduce cost-of-living pension increases for current retirees could affect municipal credit quality. Read More
Blog
If you haven't read much about the details of the "mandate relief" provisions approved by the Legislature as the session ended last week, there's a good reason for it: virtually none of the relief priorities cited by the state's major local government groups were included. Read More
... 'cuz they're doing Mayor Bloomberg's job as well as their own (and the mayor gets paid $1 a year). Some background: Michael Mulgrew and Lillian Roberts head up New York City's United Federation of Teachers and the city's largest civilian union Read More
Saturday's New York Times that Governor Andrew Cuomo is "likely" to veto a bill allowing school districts to issue 15-year bonds to cover the same rising teacher pension costs that have been partially excluded from a newly enacted property Read More
The New York State Assembly this evening followed the Senate' lead in passing a that would undermine a property tax cap while generating more risk for taxpayers — but a leading State Capitol reporter has that Governor Cuomo's "quick comment" o Read More
from Wednesday's "Replacing The Tappan Zee Bridge" event is up. Speakers and panelists discussed why New York needs a new bridge -- the three-plus-mile span crosses the Hudson between Rockland and Westchester -- and how to build it. One of the mos Read More
A property tax cap hasn't even passed both houses yet (as of late Thursday), and already the state Senate has slipped through a bill that would allow school districts to circumvent it. The measure immediately was referred to the Assembly Ways & Read More
A coalition of state government employee unions in Connecticut is about to reject a proposed no-layoff contract deal hammered out last month with Governor Dannel Molloy. It's difficult to compare the Connecticut pact with the agreement reached ye Read More
New York City's monthly has some good nuggets of information about the local economy. The report is yet another reminder that since the credit bubble burst, the city has done better than the rest of the country in losing fewer jobs and getting th Read More
On Wednesday, in an apparent move to appease open government advocates and curious taxpayers, City Comptroller John Liu announced that the New York City Employees' Retirement System (NYCERS) Board of Trustees had adopted three resolutions that would “provide the public with unprecedented access to information concerning the pension system.” Read More
The financially pinched Troy School District is -- plus health insurance for life -- to get lost. Fadhilika Atiba-Weza, whose last day of work is June 30, has most recently been paid an annual salary of just under $200,000. . Atiba-Weza reporte Read More
After sailing unscathed (with steady pay hikes, no less) through a severe recession and fiscal crisis, members of New York's largest state government union will belatedly make some relatively small, mostly temporary financial sacrifices under the ten Read More