In November 2003, the Manhattan Institute for Policy Research issued a report describing New York state’s public-pension system as “a ticking fiscal time bomb. Read More
Tag: Government Reform
New York State's leading organization of municipal officials today a temporary statewide freeze on public-sector wages, reform of the state's pension system and other significant changes to public-sector labor laws as essential steps to help loc Read More
The looming state budget gap, which could easily exceed $10 billion, is the most obvious and immediate challenge facing Gov. Andrew Cuomo. Read More
In his compelling inaugural speech on New Year’s Day, Gov. Cuomo embraced “a very specific mandate for change that the people want.” Read More
Pension reform is now New York City's "No. 1 priority in Albany," Mayor Bloomberg announced in his State of the City message this week. Read More
As states struggle with enormous deficits and exploding pension costs, some analysts are urging Congress to enact a law enabling states to declare bankruptcy the way municipalities can under Chapter 9 of the federal bankruptcy code. Read More
On the eve of what could be the biggest state budget showdown ever in New York, Gov. Cuomo has taken a big step toward delivering on the single most important promise he made to taxpayers in his successful 2010 campaign. Read More
Beginning in 2014, the Patient Protection and Affordable Care Act, signed into law in March 2010, is expected to significantly extend health-insurance coverage in New York by increasing Medicaid enrollment and offering federal subsidies for the purchase of private health insurance. However, there is no guarantee that the newly insured will be able to access the health-care system in a timely fashion as new demand for services outstrips physician supply. Read More