Pension bills for New York's local governments and school districts will rise by a combined total of at least $359 million as a result of the rate increase by the state comptroller this week, based on the latest available salary data from the state Read More
New York's cities, already the most fiscally stressed class of local governments in the state, will be hit especially hard by the next wave of pension contribution increases yesterday by the state comptroller. That's because city payrolls tend to be Read More
Tax-funded employer contributions to the New York State and Local Retirement System will rise sharply in fiscal year 2013, state Comptroller Thomas DiNapoli today. The rate billed for members of the Employer Retirement System (ERS) will rise to near Read More
Reporting today on New York City's plan to lay off 780 school employees in October, an in The New York Times explains: "The layoffs are a direct consequence of budget cuts to schools, which have occurred in each of the last four years, forci Read More
The Port Authority toll-hike outrage is a signal to Govs. Andrew Cuomo and Chris Christie, who control the agency for New York and New Jersey: The Downtown reconstruction project is consuming tolls that should go to bridge and tunnel work, not to real estate. Read More
New York has the second highest-paid state police force in the country, the Gannett News Service (GNS) last week, based on both state payroll and U.S. Census records. GNS said the average salary for all ranks of state trooper came to $112,000 as o Read More
When the New York State and Local Pension fund announced last month that it had earned 14.6 percent on investments this fiscal year, a top NY union official said the robust returns “call into question the need for so-called “pension reform.” Since then, however, the Standard & Poor’s 500 has dropped about 13 percent. Read More
New York State's tax collections and other receipts during the first four months of the 2011-12 fiscal year were $330 million below projections, according to the July issued yesterday by Comptroller Thomas DiNapoli. That dip, he noted, "largely ev Read More