Category: Commentary

Long Island town officials are crying the blues over the budgetary squeeze supposedly created by the state’s property-tax cap. They’re not alone: You’ll hear much the same from town pols elsewhere in the metro region and across New York state. But the thrust of their complaints — that the tax cap is somehow blocking urgent public projects and programs — just won’t hold water. Read More

Just in time for Wall Street’s latest bout of bearish volatility, state Comptroller Thomas DiNapoli is taking an important step to fortify New York’s largest pension fund. Too bad he also passed up a golden opportunity to go further in the right direction. Read More

Bill de Blasio was at a ballgame in Queens last Sunday afternoon when a group of rural landowners, town officials, Second Amendment advocates and Tea Party activists rallied in the Southern Tier village of Bainbridge on behalf of a radical reform that would dramatically enhance the mayor’s power in his own backyard: a breakup of New York state. Read More

Gov. Andrew M. Cuomo and state legislative leaders would have you believe that they just approved "property tax cuts for homeowners," as described in their joint announcement of an end-of-session deal last week. Don't believe them. Read More

New York City’s pension costs will reach nearly $8.8 billion in the coming 2016 fiscal year — more than double the 2006 level and nearly eight times the 2001 amount. Yet now, with a week to go in the state legislative session, Albany is poised to drive those costs even higher. Read More

Last week, the Illinois Supreme Court struck down a desperately needed overhaul of that state’s massively underfunded pension system. The case has chilling implications for Albany as well as Springfield — and for New York City as well as Chicago. Read More

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