Government entities are the six largest employers in New York City, Crain's NY Business reports in its latest annual employer ranking. Some are suggesting that this means the city's economic recovery hinges on preserving government jobs. They're wrong. Read More
The tenant household income threshold at which a landlord could initiate "luxury decontrol" of a New York City apartment would be raised to $300,000 under rent regulation extender bills passed by the state Assembly yesterday. This is well above... Read More
Oblivious to exploding pension costs and the looming iceberg of retiree health care obligations, Albany lawmakers have introduced 55 bills that would "enhance the pension benefits of New York’s public employees, grant costly protections to retiree... Read More
The bursting of the stock market bubble in 2000 triggered an explosion in taxpayer-funded contributions to New York City's pension funds. But a new report from Comptroller John Liu shows that roughly half of the pension cost run-up in the last decade... Read More
Today's Buffalo News reports that Gov. Cuomo is signaling a willingness to water down his property tax cap proposal. Most alarmingly, the News says Cuomo "privately told lawmakers this week that the list of expenses exempt from any limit probably will... Read More
School districts outside New York City could issue bonds to finance up more than $1 billion in teacher pension contributions over the next two years under a bill promoted by the statewide teachers' union, the Wall Street Journal reports today. Read More
The Citizens Budget Commission's Charles Brecher presented a report this morning on "Benchmarking Efficiency for the Metropolitan Transportation Authority's Services." Brecher and his staff compared the MTA's operating efficiency across subways, buses... Read More
Bob Scardamalia of RLS Demographics, Inc., longtime state demographic guru and current data consultant to the Empire Center, has issued a useful summary of the recently released U.S. Census numbers for for New York. Read More
That's the question the New York Times asks today in its online "Room for Debate" series. I'm up there with a contribution (answer: "maybe"). Harvard's Jack Donahue puts the right answer most succinctly: Some things government should do itself. Read More
Did someone say "mandate relief"? The Suffolk County Legislature is actually begging the state for another potentially costly collective bargaining mandate. Read More
New York State will spend at a rate of more than $250,000 per minute under its newly adopted budget for fiscal 2011-12, which begins today. Read More
Among the several hundred "teachers, public workers, renters, health care advocates and college students" who clogged the State Capitol in a last-ditch budget protest yesterday was Maria Pacheco, a Spanish teacher in Rotterdam-Mohonasen schools, who complained that cuts in state education aid will force her Albany area district to lay off 44 teachers. Read More