New York City plans to spend $735 million this year on settlements or awards in lawsuits claiming negligence, police abuse and property damage, the most in its history and almost six times what Los Angeles pays per capita. The cost of claims is fo Read More
New York state and its localities will owe almost $250 billion in payments for retired workers' healthcare over the next several decades, an "outsized chunk" of the $1 trillion to $1.5 trillion owed by all states and their municipalities, according t Read More
Inside a state office building in downtown Albany, Edmund J. McMahon argued in favor of 401(k)-style pensions for New York’s government workers. Outside on that early February morning, union members wave signs emblazoned: “EJ McMahon = agent o Read More
New York's state and local governments are facing a combined total of $250 billion of unfunded post-retirement health care coverage for public workers.... Read More
The state’s taxpayers are on the hook for nearly a quarter of a trillion dollars in unfunded health-care costs for retired government workers, a blockbuster report says. The Empire Center for Public Policy says it has toted up, for the first tim Read More
New York's state and local governments are on the hook for an estimated $250 billion in health benefits for current and future retirees, a new report says. Most public-sector employees in New York are permitted to stay on their employer's health-b Read More
Exploding public retiree health benefits will cost state and local taxpayers $250 billion in the coming decades, a new report projects. New York City, according to the report by the Empire Center for Public Policy, faces $84 billion in unfunded he Read More
If city taxpayers had to pay off the current bill for retiree healthcare, each household would owe more than $32,000, the most per capita of any city in New York, according to a study released today by the Empire Center. All told, Syracuse's curre Read More