The stock market's recent performance suggests that the New York State Teachers' Retirement System (NYSTRS) had trouble meeting its ambitious 8 percent return target during its most recent fiscal year, which ended a week ago. Read More
Category: Blog
In what's becoming annual tradition, a handful of bills increasing pension benefits for groups of public employees passed in New York's Legislature this year. Read More
Governor Andrew Cuomo and New York's legislative majority members would have you believe they have just reached an end-of-session agreement to "cut" your property taxes. Again. Don't believe them. Again. Read More
Based on initial descriptions, the delayed end-of-session "big ugly" package deal announced Tuesday afternoon by Governor Andrew Cuomo and legislative leaders is simply confounding on the subject of property taxes. Although Cuomo and Senate Republicans both said they wanted to make the state's 2 percent property tax cap permanent, the cap apparently will be extended only temporarily. Read More
There's a good reason for Governor Cuomo's Fast Food Wage Board to decide against raising the minimum wage for fast food workers: many of them won't benefit from it. Read More
Private-sector job growth in New York continued to trail the U.S. average on a year-to-year basis during the 12 months ending in May, according to the monthly state jobs report from the state Labor Department. Read More
With only hours to go in the state legislative session, are Senate Republicans angling to drill new loopholes in the state's property tax cap? Read More
The Yonkers school district will be the first to get a special added state aid handout from a $100 million "Upstate Distressed Schools Fund" announced over the weekend by Governor Andrew Cuomo. But it's not as if public schools in the City of Gracious Living have been shortchanged. Read More