Two decades of abysmal failure is enough to embarrass even the New York State Legislature. And so, earlier this year, Senate and Assembly leaders agreed on a set of measures - a proposed constitutional amendment and an enabling statute - supposedly designed to guarantee an on-time budget every year.
The saga of the Campaign for Fiscal Equity (CFE) court challenge to New York state school-financing formula continues to unfold in depressingly predictable fashion.
Seeking to divert attention from their failure to adopt a budget on time for the 20th consecutive year, state legislative leaders have unveiled a budget reform package that will do little to fix New York's dysfunctional budget process. In many respects, it could actually make things much worse.
The push to overhaul New York's public authorities was kicked into higher gear this week by a package of "reform" proposals from state Comptroller Alan Hevesi and Attorney General Eliot Spitzer.
New York’s public-pension system has become the epicenter of an influence-peddling scandal that has attracted the attention of the Securities and Exchange Commission and the state’s attorney general.