MTA’s Fatal Dodge | New York Post

The media treated it as good news when the Metropolitan Transportation Authority and Local 100 of the Transport Workers Union said last week that they'd settle their next contract through binding arbitration.

“Six-Figure Civil Servants” NY Torch

New York City's average compensation cost per municipal employee is $106,743, and has grown 63 percent since fiscal year 2000, according to a Citizens Budget Commission (CBC) report released yesterday.    While base pay has grown faster than infla...

Mysterious Transportation Authority NY Torch

Over at NY Public Payroll Watch, E.J. McMahon criticizes Gov. Paterson and others for allowing the state-run Metropolitan Transportation Authority to abdicate one of its main responsibilities -- negotiating a better contract with the New York Cit...

Zero rates from Bernanke, zero raises from Paterson NY Torch

Gov. Paterson has released the state budget on a history-making day. For the first time ever, the Federal Reserve has cut the interest rate at which it lends to banks to as low as zero (and as high as a quarter of a percentage point). This action put...

Thompson’s blueprint for saving NYC NY Torch

City comptroller William Thompson released his regular "state of the city's finances" report today. It's not necessary to go into the gory details, since it's past time for everyone simply to stipulate that things are ugly so that we can get on with ...

Digesting the Ravitch report on MTA finances NY Torch

As promised, here are our articles in today's newspaper parsing the Ravitch report on how to fix the finances of the Metropolitan Transportation Authority: E.J. on "A Just Plain Terrible Tax Proposal" Me on the "Devilish MTA Details"...

Data of the day – MTA NY Torch

Today, the Ravitch commission released its report on MTA finances. We'll have more to say about this tomorrow. Here's an interesting piece of data to tide readers over 'till then: (more…)...
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