The pension plan covering most New York City government agencies, including the City’s subway system, had 70 members with pension payments of at least $200,000 last year, almost quadrupling 2019’s tally of 19, according to new Read More
Tag: New York City
Empire Center founding senior fellow E.J. McMahon showed the New York City Charter Revision Commission how the charter can be improved to better protect the public fisc. Read More
A City Council hearing in Manhattan on Thursday promises a rare scene in New York politics: hospitals playing defense. The council is debating whether to establish a watchdog agency focused on the high price of hospital care in New York, with a goal of helping the city and other employers contain the rapidly rising cost of health benefits for workers. Read More
Overtime payouts to New York City government employees rose by more than one-third last year. The City paid out a total of $2.44 billion dollars in overtime in Fiscal Year 2022, a 36 percent increase from the prior year’s total of $1.8 billion. Read More
Graduation rates are rising while standards for graduation are falling. It begs the question: What number of graduating students are college ready? Read More
New York City set an example worthy of approbation and emulation by publishing their grade 3-8 test results in math and English language arts. Read More
A few months into its third fiscal year since the pandemic’s start, New York City’s finances have never looked so flush — and so precarious. Read More
A state court judge at a hearing this morning will consider whether to interfere with New York City authority over its own budget by ordering a preliminary injunction that ices a portion of Gotham’s recently enacted FY 23 city budget. Read More