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What would "truly transformational" public pension reform look like in New York?  E.J. McMahon answers the question in in today's New York Post. The key, E.J. argues, is to replace the traditional defined-benefit (DB) pension with a def Read More

The and Albany both report today that Governor Andrew Cuomo's proposed public pension changes may include an optional defined-contribution retirement plan.  (See Update below.) Read More

Governor Andrew Cuomo is proposing a new pension "tier" that would raise retirement ages, reduce benefit levels, eliminate overtime spiking and increase employee contributions for state and local workers outside New York City, the Associated Press Read More

Nicole has an op-ed in today's New York Post exploring the fiscal and economic implications of the agenda being pushed by the union-led "May 12 Coalition," which is sponsoring a big demonstration in Manhattan today to demand big increases in state and city taxes. Read More

Taxpayers from around the state held a small but boisterous rally in Albany today to show support for Governor Cuomo’s proposed 2% property tax cap, which has been passed in the state Senate but is stalled in the Assembly. Read More

Woe betides Long Island commuters this week. Sunday, a passenger-less Amtrak train derailed under the East River. Because Amtrak and LIRR share quarters in this tight space, the severe damage to Amtrak's rails that ensued has hit the MTA's Long Island Rail Road. Read More

Over at the New York Times's message board, many commenters have reacted to Mayor Bloomberg's proposal to lay off teachers with some version of: "why not just tax the rich more?" Read More

Amid speculation that passage of a property tax cap covering most of New York State will hinge on the fate of New York City's rent regulations, Mayor Michael Bloomberg has shot down a proposal to cap taxes on some city apartment buildings. Read More