New York can save $30 billion over three years by implementing a variety cost cuts and reductions, a report released Monday by the Empire Center for Public Policy said. “Like a runaway train, New York’s budget is in danger of derailing,” E.J Read More
Canceling millions of dollars in unused pork-barrel spending and freezing teacher salaries are among the steps that a fiscally conservative think tank says could save New York $30 billion over three years. A new report from the Empire Center for P Read More
Reform Medicaid, freeze public-employees’ salaries and cut lawmakers’ pork-barrel money are ways the state can pull itself out of its financial mess, a government watchdog group recommended today. The report from the conservative Empire Center fo Read More
Perhaps at no time in the modern history of New York state has it ever been clearer the daunting challenges awaiting state lawmakers as they gear up for the start of a new legislative session. Some clues: State government ended 2009 with a $600 Read More
An economic think tank called on Gov. Paterson yesterday to freeze the salaries of all public employees -- from police officers to DMV clerks to teachers -- as part of a $30 billion plan to skirt fiscal calamity. The unprecedented action proposed Read More
With New York’s finances at their worst since the Great Depression, a new plan put together by a local think-tank outlines a way for the state to save as much as $30 billion in the next three years. Among other points, the plan recommends that the Read More
How much will new retirement health benefits for Utica teachers cost taxpayers? The Utica City School District refuses to say. In 2008, the district approved a teacher’s contract that added retirement health benefits not seen in the district Read More
New York stands at a precipice. As bad as the state's finances have been in recent years, they soon could become much worse. Comptroller Thomas DiNapoli has warned that the state faces a 2009-10 deficit of at least $4 billion and a three-year budg Read More