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
Tag: New York City
AUTHOR’S NOTE: PLEASE SEE BELOW FOR IMPORTANT CORRECTIONS TO THIS POST IN BOLD.In May, after months of turmoil, Albany agreed to a new package of taxes for the state-run Metropolitan Transportation Aut 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
Former Governor Eliot Spitzer is making a last-minute bid to get on the Democratic primary ballot for New York City comptroller. But, writing in the Daily News, E.J. says Spitzer’s record as governor “raises serious questions of his suitability for this particular job.” Read More
City Council Speaker Christine Quinn has her eye on the other half of City Hall. In her current position, she already represents New Yorkers. So why does she feel so powerless that she supports outside action to force the city to do stuff -- when she is the city? Read More
The latest mergers & acquisitions figures are out, and they're not pretty. According to mergermarket, an M&A data watcher, the year's global slowdown is not only continuing but accelerating. New York can hang on to a thread of good news only in that its rate of decline is not accelerating. Read More
Are New York City's public-pension managers running an investment fund -- or an affordable-housing program? Read More