The earnings limit for younger retirees collecting both pensions and pay from government can be waived “temporarily” in certain circumstances. Read More
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Retired New York state and local government employees under the age of 65 cannot collect full public pension benefits if they earn more than $30,000 by returning to work for a state or local agency – but the earnings limit for younger retirees collecting both pensions and pay from government can be waived “temporarily” in certain circumstances. Read More
This Election Day, Nov. 4, New Yorkers will be asked to approve Proposal 3, which would allow the state to issue $2 billion in bonds to finance the purchase by school districts of devices such as iPads and other computers; expand high-speed and wirel Read More
Who could be against “smart schools”? The unsurprising answer: not nearly enough New Yorkers to defeat Proposal 3 on yesterday’s statewide ballot, which authorizes $2 billion in state borrowing to finance local school district purchases of computers and other classroom technology; expand schools’ high-speed and wireless Internet capacity; install “high-tech security features”; and build new classrooms for pre-kindergarten programs. Read More
Governor Andrew Cuomo, who frequently cites his success in producing “on-time budgets,” is once again behind schedule in releasing the statutorily required Mid-Year Update to the New York State’s financial plan. The Mid-Year Update for fiscal 2014-15 was due Oct. 30, last Thursday, under Section 23.4 of the State Finance Law.* As of Election Day morning, no update had appeared on the website of the governor’s Division of the Budget (DOB). Read More
Over the past 50 years, New York voters have been presented with 23 general obligation bond issues, including this year’s proposal to borrow $2 billion for school technology and the building of pre-kindergarten classroom space. The outcome of the last 22 votes is evenly split, with 11 proposals passing and 11 failing. Read More
In his reelection campaign, Cuomo boasts that he has reduced taxes to their lowest level in decades. All three of the New York governors to seek at least a second term since 1978—Democrats Hugh Carey (1975–82) and Mario Cuomo (1983–94) and Republican George Pataki (1995–2006)—also ran for reelection as tax cutters, though all three did more to reduce state taxes than Andrew Cuomo has done, at least so far. Read More