California is printing up $3.2 billion worth of "IOUs" to send to vendors and to people expecting cash payments from the state, including taxpayers due rebates for overpayment. Is this legal? Read More
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Via the redoubtable , recently released Census data on state and local public pension systems show that, compared to national averages, New York government employees directly contribute a much smaller share of their own retirement costs. And that's Read More
Wall Street’s woes leave the state no choice but to slash spending. David Paterson took the oath as governor of New York on March 17, 2008, succeeding the disgraced Eliot Spitzer on the same day that Bear Stearns collapsed. Read More
The short list of "critical, non-controversial" measures Governor Paterson has sent the deadlocked state Senate for possible action tonight includes a bill authorizing Nassau County to issue bonds to finance early retirement incentives for county emp Read More
In 2008, the state Metropolitan Transportation Authority employed 539 police officers who were paid an average of $96,553, including overtime and shift differentials. A salary database of all 78,393 MTA employees during 2008 -- searchable by na Read More
China is likely to set up a new stock market through which smaller companies can access domestic and possibly international capital, the Financial Times reports. Read More
A searchable database of the complete Metropolitan Transportation Authority (MTA) payroll for 2008–including name, titles, base pay rates and total pay received by 78,393 employees–is now available at www.SeeThroughNY.net, the government transparency website sponsored by the Empire Center for Public Policy. Read More
As part of the February stimulus package, Washington offered new inducement for municipalities to issue taxable bonds. The program may have the effect of pushing up tax rates for the wealthy. Read More