CSEA’s Donohue Warns: ‘No Good Will Come’ From Tier VI
CSEA President Danny Donohue reacted, predictable, with a pox-on-all-your-houses statement following the Assembly’s early-morning passage of the Tier VI pension reform bill, but directed his harshest...
View ArticleCSEA’s Revenge (Updated)
Furious over the passage of Tier VI, CSEA, the state’s largest public employees union, has made an unprecedented decision to halt all political contributions and endorsements for the foreseeable...
View ArticleRavitch: Sacrifice Needed To Fix Fiscal Woes
Last night on the show featured my story on the fiscal troubles faced by local governments across New York state, with both Yonkers and Syracuse turning to former Lt. Gov. Richard Ravitch for help....
View ArticlePension Payback
ICYMI: AFL-CIO President Mario Cilento joined me on CapTon last night to review the details of his organization’s endorsement list, which was the result of a two-day convention in Manhattan this week....
View ArticleCSEA’s ‘Limited’ Endorsements Include No Senate Republicans
After announcing back in March that it was halting all political contributions and endorsements until further notice in retaliation for passage of Tier 6, the state’s largest public employees union,...
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Silver Will Side With DiNapoli On Pension Smoothing
ICYMI: For the moment, Assembly Speaker Sheldon Silver is declining to choose sides in the fight over pension smoothing, which has divided his former Democratic conference member, state Comptroller...
View ArticlePost-Standard Columnist: ‘Cuomo To Syracuse: DROP DEAD!’
…That was lead of David Rubin’s column in today’s Syracuse Post-Standard, in which he sided with the city’s mayor, Stephanie Miner, in her ongoing verbal battle with Gov. Andrew Cuomo over the...
View ArticleGates Supervisor Makes Miner’s Case (Updated)
Mark Assini, supervisor of the Monroe County town of Gates and a financial analyst, has crunched the numbers of Gov. Andrew Cuomo’s pension smoothing proposal and come to the conclusion that, as he put...
View ArticleState Pension Fund Up 1.74% In 3rd Quarter
Comptroller Tom DiNapoli just announced that the state pension fund’s rate of return in the 3rd quarter of the budget year was up 1.74%. That brings the total value of the fund to $152.9 billion...
View ArticleCBC To DiNapoli: Reject Pension Smoothing
The Citizens Budget Commission, a NYC-based budget watchdog organization, has added its voice to the list of those calling for rejection of Gov. Andrew Cuomo’s controversial pension smoothing proposal,...
View ArticleNYCOM: Detroit Shows Need For State Aid
I took a look last night at the similarities and differences between Detroit and local governments across New York that are facing financial stress. Those I spoke to for the piece said the solutions to...
View Article1st Tier 6 Rollback On Tap
Among a handful of so-called “pension sweeteners” passed in the final days of the 2014 session by both houses of the Legislature was a bill that would be the first rollback of Tier 6 – a pension reform...
View ArticleReport: More Than 3,000 Reitrees Have Six-Figure Pensions
More than 3,000 retired public employees now receive more than $100,000 in pension benefits for the first time, according to data analyzed by the Empire Center for New York State Policy. The think tank...
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