“Barely scraping by” NY Torch

New York is running out of cash, Comptroller Thomas DiNapoli reported today.  The situation would be worse if Governor Paterson had not ordered delays in portions of some local aid payments, prompting the New York State United Teachers union to file...

NYS pension fund up, but still down NY Torch

The market value of assets in New York State's Common Retirement System increased by 18.3 percent during the first half of the 2009-10 fiscal year, Comptroller Thomas DiNapoli announced today.   That brings the total fund value to $126 billion — ...

Albany’s tax receipts still shrinking NY Torch

There are no grounds for optimism in the August tax collection numbers released this morning by state Comptroller Thomas DiNapoli. Net personal income tax receipts were down $83 million, or 4 percent, from the same month in 2008—and a full 12 perce...

Pension Bomb Boomlet NY Torch

Tax-funded contributions to the New York State Employee Retirement System (ERS) will have to jump by 61 percent between 2010 and 2011, state Comptroller Thomas DiNapoli announced today.  Contributions for members of the Police and Fire Retirement Sy...
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