In their weekly outlook, Municipal Market Advisors (MMA) tries to dampen the hysteria over a "coming municipal market collapse," saying that although "state and local credit quality is undeniably getting worse," we're unlikely to see mass-scale muni Read More

in today's New York Post explains why—and how—the Paterson administration should declare a fiscal emergency and seek to impose a three-year freeze on all state and local employee salaries in New York.  This would save taxpayers statewid Read More

Gov. Paterson told radio host John Gambling this morning that although arbitrators in the MTA-TWU case "probably made the correct ruling technically" to give transit workers 11.3 percent raises over three years because the rest of the city's labor u Read More

When this year's state budget was first enacted back in April, the budget gap for fiscal 2010-11 was at $2.17 billion.  The in July more than doubled this estimate, to $4.62 billion.   And today's says next year's gap has grown by another 47 per Read More

The Journal News has posted the annual pensions of 335,648 retired state and local government employees in a searchable data base (). Included are retirees of the Common Retirement Fund, which covers employees of state agencies and loca Read More

  reported this morning that "independent" arbitrator John Zuccotti, who was supposed to represent the public in the Metropolitan Transportation Authority's contract with the Transport Workers Union, planned to donate his $116,000 fee -- at $900 a Read More

The number of retired New York government employees with six-figure pensions is apparently growing at a 20 percent annual rate.  , newly posted by the Journal News of the lower Hudson Valley, lists 1,081 individuals with pensions of $100,00 Read More

Today's from Governor Paterson's office says the governor's proposed pension changes for new newly hired employees will save $60 billion over 30 years.  But here's the missing perspective: for state government, the modest changes proposed by Paterso Read More

If Gov. Paterson cuts funding to the state-run Metropolitan Transportation Authority as expected, the MTA may make up for the cut by slashing payments to its pension fund, the Bond Buyer (you need a subscription). The MTA would use the t Read More

Forget the dismal economy. Or that police officers in Orangetown and Pelham Manor are among the best paid in the lower Hudson Valley. According to two arbitration panels, the police are underpaid--and deserve retroactive raises of nearly 8.2 percent Read More


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