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For an excellent dissection of how the federal Affordable Care Act will initially affect New York, see this article in yesterday’s New York Post by the Manhattan Institute’s Paul Howard and Yevgeniy Feyman. Read More

Private sector employment in New York increased by 1.7 percent during the 12 months ending in August, a period in which the number of private jobs in the U.S. as a whole grew by 2 percent, according to the latest monthly report from the state Labor Department. Read More

The Tier 6 pension “reform” enacted by New York last year applies to all state and local employees who join the state Employee Retirement System or the Police and Fire Retirement System after April 1, 2012 Read More

Nassau County Executive Ed Mangano has reached a tentative contract deal with the Nassau Police Benevolent Association (PBA). That’s what Nassau residents have been told via Newsday and the other Long Island news media, at any rate. Read More

New York imposes the nation’s heaviest big-city tax burden — which, in turn, is a major component of the Big Apple’s notoriously high cost of living. Read More

A new national study estimates that New York’s two largest state-level pension systems have unfunded liabilities of at least $260 billion, using an alternative calculation method that estimates pension liabilities using more conservative interest rate assumptions... Read More

The Great Recession and its aftermath have brought obvious, ongoing strains to finances at every level of government. What we have been experiencing for the past five years is something new and unprecedented in the post-World War II era: a prolonged period of slow growth with pronounced disinflationary tendencies. Read More

Job growth in New York over the past year fell below the national rate for the first time since the recession, Comptroller Thomnas DiNapoli points out in a report issued today. Read More