In many respects, New York City looks economically and fiscally as strong as it’s ever been. But it’s still worth recalling that, 40 years ago this week, things were very different. Read More
Tag: New York City
Adjournments and stipulations churned mechanically as acting Brooklyn Supreme Court Justice Peter Sweeney plowed through his 87-case calendar Monday — until a preposterous lawsuit caught his attention. Read More
New York City's welfare caseloads are expanding again—a deliberate and predictable outcome of Mayor Bill De Blasio's policies, as Manhattan Institute's Steve Eide points out in his new "Poverty and Progress in New York" report. Read More
City workers who qualify for pensions are also eligible for lifetime health insurance coverage — a retirement benefit that has almost disappeared in the private sector. The estimated value of retiree health benefits promised to current and future city government pensioners is now roughly $90 billion, tipping the city’s overall financial balance sheet well into the red. Read More
If Glick is really looking for an unseemly message about public school pay, maybe she should take a look at what the city and state are coughing up for teacher pensions. New data from the Empire Center for the Public Policy shows the number of teachers receiving six-figure pensions in New York nearly tripled between 2009 and 2014. Read More
The city’s elevator repair bills are going through the roof. Each of the 3,330 elevators in the city’s housing projects goes out of service an average of once a month, officials said. Elevator failures and shutdowns for maintenance — along with huge raises for elevator mechanics — have caused costs to skyrocket. Read More
The Empire Center for Public Policy is seeking to intervene in a lawsuit initiated by New York City firefighter unions in an attempt to block the release of pension recipients’ names alongside individual pension benefit amounts. Read More
Payroll data released Thursday by the Empire Center think tank show public school custodians were the highest-paid municipal employees for fiscal year 2014, earning an average of $109,467 a year. That's well above police officers, who got an average of $78,220. Read More