During his first six months in office, New York governor Andrew Cuomo pulled off something of a fiscal trifecta: closing a $10 billion state-budget gap without raising taxes, capping local-property-tax levies, and wringing concessions out of state-government labor unions. Read More
During his first six months in office, New York governor Andrew Cuomo pulled off something of a fiscal trifecta: closing a $10 billion state-budget gap without raising taxes, capping local-property-tax levies, and wringing concessions out of state-go Read More
Gov. Cuomo’s operations chief yesterday was quick to blast the leadership of the Public Employees Federation for “failing to effectively communicate the benefits” of a tentative contract deal that PEF members voted overwhelmingly to reject. Read More
The Port Authority toll-hike outrage is a signal to Govs. Andrew Cuomo and Chris Christie, who control the agency for New York and New Jersey: The Downtown reconstruction project is consuming tolls that should go to bridge and tunnel work, not to real estate. Read More
When the New York State and Local Pension fund announced last month that it had earned 14.6 percent on investments this fiscal year, a top NY union official said the robust returns “call into question the need for so-called “pension reform.” Since then, however, the Standard & Poor’s 500 has dropped about 13 percent. Read More
The cover of New York state's latest budget update features a photo taken from within a Central Park tunnel, looking out toward a path curving up a gentle incline through a verdant landscape. Read More
New York has always paid its pension bills on time," state Comptroller Thomas DiNapoli said recently. We've heard that boast from the comptroller before. Unfortunately, that's only technically true. Under a 2010 budget provision championed by DiNapoli himself, the state is now delaying payment of significant portions of its pension bills. Read More
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