And speaking of debt: in its latest on the newly adopted New York City budget, the state Financial Control Board says the city's unfunded liability for "other post-employment benefits" (OPEB) could approach $100 billion in three years. As shown in th Read More
Compensation and employment trends in the private and public sectors diverged during the Great Recession. And while there has been belated retrenchment in government, the indicate the private sector still has a lot of catching up to do in New York S Read More
As if it wasn't bad enough that New York imposes , the Empire State's patchwork system of local property tax administration is rated the nation's worst in a new scorecard compiled by a corporate-sponsored tax organization. The assigned New York a Read More
The Daily News's Monday-morning MTA columnist Pete Donohue up the Jay Walder tenure: Mayor Bloomberg, Gov. Cuomo and others are right to commend Walder for keeping the MTA afloat during a fiscal crisis and pushing forward on Read More
Governor Andrew Cuomo's tentative contact deals with state labor unions will require current employees to contribute more to their health insurance coverage. But Cuomo won't seek an equivalent increase in health insurance premiums for retir Read More
Usually, people don't notice infrastructure until something's wrong with it, as with New York's . So, let's hand it to Con Ed for what we don't notice: even as New York's temperatures hit records on a weekday, the lights are still on. Good job! Read More
John Murphy, director of the New York City Employee Retirement System (NYCERS) from 1990 to 2005, says disclosure of pension recipients has been routine in the past and is essential to guard against misuse of taxpayer money in the future. Reacting Read More
Just a month after City Comptroller John Liu boasted that the nation's largest municipal pension fund would "provide the public with unprecedented access to information concerning the pension system" and thus rank "among the nationwide leaders in tra Read More
New York State's 2010-11 2011-12 fiscal year appears to be off to a good start. Tax collections for the first quarter of the year were nearly $800 million above Governor Andrew Cuomo's initial budget projections, according to the June cash report posted today by state Comptroller Thomas DiNapoli. Read More
The Daily News ran a today by two Competitive Enterprise Institute scholars, F. Vincent Vernuccio and Adam Michel. In the piece, the authors assert Read More
Transport Workers Union local chief John Samuelson today to in last week's Post: When thelays off transit workers, there isn't less work -- just fewer workers doing more to keep the system going.That means more overtime, Read More
Gov. Andrew Cuomo faced two public-sector labor relations challenges when he took office. The first was to negotiate contracts with state employee unions that would produce both short-term and recurring savings to help stem the flow of red ink in h Read More