Rent regulation: what does the rent pay for? by Nicole Gelinas | | NY Torch

The State Assembly has passed a souped-up bill to extend and expand rent regulations. Last week, The Torch presented some numbers on regulated renters' income. Today's short installment: What does the rent pay for? It costs $855 each month in operating costs...

Rent regulation — does it “work”? by E.J. McMahon | | NY Torch

Albany's rent wars are heating up, as E.J. wrote earlier this week. If rent regulation -- which caps annual price increases for half of New York City's rental housing -- is supposed to help the poor, it's not efficient at this job...

Thanks Nisky! by Tim Hoefer | | NY Torch

We’ve been calling on the state Legislature to implement a policy of “proactive disclosure” of public information – and the Niskayuna Central School District has just helped bolster our case. Recently, a local taxpayer questioned the size of increases in administrative salaries. She based her analysis on...

Some Albany legislators never learn by E.J. McMahon | | NY Torch

Oblivious to exploding pension costs and the looming iceberg of retiree health care obligations, Albany lawmakers have introduced 55 bills that would "enhance the pension benefits of New York’s public employees, grant costly protections to retiree...

Cuomo going wobbly on tax cap? by E.J. McMahon | | NY Torch

Today's Buffalo News reports that Gov. Cuomo is signaling a willingness to water down his property tax cap proposal. Most alarmingly, the News says Cuomo "privately told lawmakers this week that the list of expenses exempt from any limit probably will...

NYSUT peddles a pension gimmick by E.J. McMahon | | NY Torch

School districts outside New York City could issue bonds to finance up more than $1 billion in teacher pension contributions over the next two years under a bill promoted by the statewide teachers' union, the Wall Street Journal reports today.