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News stories tagged with "pension"

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NY Gov. Andrew Cuomo. Photo: Karen DeWitt
NY Gov. Andrew Cuomo. Photo: Karen DeWitt

Budget watchdog group: Cuomo pension plan a "gimmick"

State lawmakers return to Albany later this week, and have just over three weeks to meet a self-imposed deadline to finish the state budget. Negotiations on a spending plan come amid a growing push back to a key proposal by Gov. Andrew Cuomo to help local governments meet pension payments.  Go to full article
Assembly Speaker Sheldon Silver.
Assembly Speaker Sheldon Silver.

Silver on the fence on pension payment-easing plan

New York Gov. Andrew Cuomo's pension stabilization plan could face some obstacles in the legislature.

Assembly Speaker Sheldon Silver says he wants to know what the State Comptroller thinks of the idea first.  Go to full article
Snow Graffiti at Canton Central School. Archive Photo of the Day: Lizette C. Haenel, Canton NY.
Snow Graffiti at Canton Central School. Archive Photo of the Day: Lizette C. Haenel, Canton NY.

How Cuomo's pension plan could help North Country schools

It took a few days after Gov. Andrew Cuomo released his budget plan last week for many North Country school districts to realize they had a problem. The initial funding proposal didn't provide enough money to help them out of the budget hole.

But there's still some hope in the governor's proposal. His plan includes more than $200 million in what's called fiscal stabilization funding. The idea is to help schools with a spike in pension costs this year.  Go to full article

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Governor Andrew Cuomo delivers Tuesday's budget address in Albany
Governor Andrew Cuomo delivers Tuesday's budget address in Albany

Cuomo tackles school funding, pensions in budget address

Gov. Andrew Cuomo delivered a budget yesterday that he says is honest, no gimmicks or one-shots, and manageable. It closes a $2 billion deficit, raises health care and education spending and begins mandate relief for local governments. It also tackles pension reform, and offers an ultimatum to schools to accept a teacher evaluation program or lose out on an increase in state aid. And Cuomo promises no new taxes.

The governor again took sharp aim at what he called the status quo in Albany, demonizing some of its most powerful public labor unions. We have details and reaction this morning, starting with our Albany reporter, Karen DeWitt.  Go to full article
Governor Andrew Cuomo delivering Tuesday's budget address in Albany.
Governor Andrew Cuomo delivering Tuesday's budget address in Albany.

Cuomo's new budget could bring sweeping changes to North Country

Governor Andrew Cuomo laid out a spending plan for New York state today that's designed to cut more than 2 billion dollars in deficits. The plan includes hundreds of millions of dollars in cuts from state programs, while also using new revenue from a higher tax bracket for wealthy New Yorkers.

Here in the North Country, Cuomo's budget would bring sweeping changes: It'll squeeze benefits enjoyed by state workers, pose big new challenges for the Olympic Regional Development Authority, and offer some new help for local governments struggling with Medicaid costs.

Brian Mann joined Nora Flaherty on the line to talk about Cuomo's speech.  Go to full article
Sooner or later when the credit card bill comes due you have to pay it. The money is due. There is no more to give.

Public pensions strain budgets

The recent battles in Wisconsin and Ohio over collective bargaining for public workers has shined a light on the pensions government workers often receive. Here in New York, the state's pension fund is solvent. But costs have been sharply rising for the local governments that pay into it, and now some are calling for changes to the system. Our story from David Chanatry with the New York Reporting Project at Utica College.  Go to full article

NY pension fund contribution rates rising

Contributions from local governments to the state's pension system will be going up in the next two years, says the State's Comptroller, who blames the downturn in the stock market for the increase. Karen DeWitt reports.  Go to full article

Pataki vetoes early retirement bill

Governor Pataki has vetoed an early retirement plan for state workers passed by the legislature. Budget watchdog groups are urging Governor Pataki to veto a number of other public pension sweetener bills as well. Karen DeWitt reports.  Go to full article

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