DiNapoli announced today that he's approved a recommendation by the State Retirement System Actuary to reduce, from 6.8 percent to 5.9 percent, the assumed rate of return (RoR) on investments by the $268 billion Common Retirement Fund, which underwrites the New York State and Local Employee Retirement System (NYSLERS) and Police and Fire Retirement System (PFRS), of which the comptroller is the sole trustee. Read More
New York managed to tie the nation’s private-sector job growth rate in July—but compared to the U.S. as a whole, the Empire State remains much further below its pre-recession employment level, according to preliminary estimates in today’s monthly jobs report from the state Labor Department. Read More
Federal census data for 2020 indicate New York State's total population increased by 823,147 residents, or 4 percent, since 2010. Population gains over the last decade were concentrated in urban areas and inner suburbs, while most rural communities s Read More
Andrew Cuomo and Donald Trump have more in common than boyhood homes in Queens. Like Trump, Cuomo could still face impeachment and an impeachment trial despite a promise to resign as Governor later this month. Read More
New York State's surprisingly large population gain since 2010 was concentrated in New York City and its inner suburbs, according to the local-level 2020 Census data released today—pointing to a further shift of Assembly and Senate seats from upstate to downstate in the coming round of legislative reapportionment. Read More
There are several (dozens? hundreds?) of unanswered questions as the fallout from Andrew Cuomo's resignation earlier today continues. Among those are questions related to his pension, some of which can be answered, sort of. Read More
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