Pension reform is now New York City's "No. 1 priority in Albany," Mayor Bloomberg announced in his State of the City message this week. Read More
Month: October 2011
Mayor Bloomberg’s proposals to reduce the cost of pensions for city employees are coming under fire today not only from public employee unions, city government ’s perennial adversary in matters of wages and pensions, but from a conservative analy Read More
No wonder the state has a $10 billion budget deficit. The number of retired state employees pulling down pensions of more than $100,000 surged a startling 43 percent last year, from 1,059 in 2009 to 1,513, according to the state Comptroller's Offi Read More
The number of retired state employees pulling down pensions of more than $100,000 surged a startling 43 percent last year, from 1,059 in 2009 to 1,513, according to the state Comptroller's Office. "This is like hitting the lottery -- virtually nob Read More
As states struggle with enormous deficits and exploding pension costs, some analysts are urging Congress to enact a law enabling states to declare bankruptcy the way municipalities can under Chapter 9 of the federal bankruptcy code. Read More
Brace yourself: A budget blizzard is headed straight for the city, yet Mayor Bloomberg sees mostly Bermuda-like skies. "This place not only survives, it thrives," he said Wednesday in his State of the City speech. The next day he launched the NYC Read More
A panel of experts tackled the question of what New York Gov. Andrew Cuomo’s administration will mean for business at a Business Review event on Thursday. About 325 people came to the Glen Sanders Mansion in Scotia to hear the panelists weigh in Read More