Category: Commentary

The recent enactment of sweeping changes in federal laws governing private pension plans, the issuance of a scathing auditors' report on the collapse of San Diego's pension fund, and the disclosure of potential shortfalls in New York City's pension funds all point to what should be the nation's next big target for financial reform. Read More

With the election of New York's governor just seven weeks away, Democrat Eliot Spitzer and Republican John Faso have released plans to reform Medicaid and rein in its soaring costs. But given their timid suggestions, New Yorkers should hardly expect any significant drop in Medicaid's skyrocketing budget or savings from lower property taxes. Read More

Two years ago, the Brennan Center for Justice at New York University Law School made headlines with a report thoroughly documenting the "dysfunction" of New York's state Legislature. While the Brennan Center is decidedly left-of-center on many public policy issues, its dissection of Albany's legislative process reached conclusions that cut across ideological and partisan lines. Read More

Crucial details of New York's $113 billion state budget are negotiated in secret and shrouded in darkness. But this year's gubernatorial campaign is providing real hope for change in Albany. Both major-party candidates, Republican John Faso and Democrat Eliot Spitzer, appear committed to boosting the fiscal transparency and accountability of state government. Read More

Running for a fourth term in 1994, Gov. Mario Cuomo sat on a mid-year budget report that would have called attention to a growing hole in the state budget. It was only after losing the election that Cuomo released the report -- and George Pataki discovered he was inheriting a budget gap of at least $4 billion. Read More