Tag: New York City

Assembly Speaker Sheldon Silver has jumped on the bandwagon in favor of raising New York City’s top resident income tax rate — just a day after two undeclared 2013 mayoral candidates, City Council Speaker Christine Quinn and then-City Comptroller William Thompson stepped (somewhat gingerly) off it. Read More

As public pension costs continue to rise, straining municipal budgets to the breaking point, New York City Comptroller John Liu has emerged as a stalwart defender of the status quo. Liu doesn’t deny that tax-funded pension costs are exploding; instead, he says the traditional defined-benefit system offers “a better bang for the buck.” Read More

New York’s state revenues are disproportionately generated in New York City and its suburbs, resulting in a net transfer of income to upstate, according to a report issued today by the Nelson A. Rockefeller Institute of Government. Read More

The complete 2013 fiscal year New York City payroll, which includes names and salaries for more than 475,000 full- and part-time employees, is now posted on SeeThroughNY.net, the Empire Center for Public Policy’s government spending transparency website. Read More

The Metropolitan Transportation Authority has agreed to a seven-year contract that will give MTA cops base pay increases totaling 18 percent, including a 7.5 percent retroactive boost effective immediately, the Daily News reports. Union members also scored a boost in their longevity pay, which will rise to a maximum of $9,800, in exchange for agreeing to curb overtime, stretch-out the schedule of annual pay hikes for newly hired officers and make new recruits pay 2 percent of their salaries toward health insurance. Read More