State and local governments in New York will have to come up with an additional quarter of a trillion dollars to pay the entire tab for retiree health care, according to a new report. The $250 billion bill for retiree health coverage is up from $2 Read More
The future costs of health care benefits for retired government employees in New York has hit an estimated $250 billion, but state and local governments do not have money set aside to foot the bill, according to a report released Wednesday by the Emp Read More
A new report says New York's public sector employees have been promised $250 billion in retirement health benefits, though the state and local governments have not set aside money to cover them. The Empire Center for Public Policy of the fiscally Read More
Although much of the attention in Albany regarding retirement benefits for public workers has centered around the state's pension system, there's another structural problem looming that could affect governments -- and the taxpayers that support them Read More
Local and state governments face a $250 billion unfunded liability from the cost of health-care coverage promised for retired public workers, according to a report released last week. As the Empire Center for Public Policy study notes, the bulk of Read More
By promising Cadillac health benefits for government retirees without setting aside a dime to pay for them, New York politicians have dug a breathtakingly deep hole for taxpayers. As in one-quarter of a TRILLION dollars deep — more than $12,000 Read More
Young people are fleeing New York — and it’s obvious why. Astronomical property taxes have made raising a family and putting down roots nearly impossible in the tri-state area. As a result, young and well-educated people are fleeing New York i Read More
A Business Review event on Thursday, the day of statewide primary elections, highlighted the impact that the elections and hot-button state issues will have on the private sector. Executives should soon brace for a renewed push to raise New York's Read More