Gov. Cuomo Vetos Bill Curtailing School Districts’ Borrowing for Short-Term Expenditures

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The governor has rejected legislation that would undermine the intent of New York’s newly enacted property tax cap by allowing school districts to issue 15-year bonds to cover a portion of their rising teacher pension costs. The press release issued stated the following: Governor Andrew M. Cuomo yesterday vetoed a bill that would have allowed school districts to issue new …

eHeziGov. Cuomo Vetos Bill Curtailing School Districts’ Borrowing for Short-Term Expenditures

Senator Stewart-Cousins’ Advocacy for Budget Relief for Yonkers School District Passes Senate

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Allows Financing of Teacher Pension Costs; Yonkers will Save $4.9 million ALBANY, NY —  The New York State Senate passed legislation (S. 4067-A) yesterday that would allow school districts throughout New York to finance their teacher pension costs, a process called "amortization". Under current law, school districts must pay contributions to the New York State Teacher Retirement System in one …

eHeziSenator Stewart-Cousins’ Advocacy for Budget Relief for Yonkers School District Passes Senate

DiNapoli’s Bill Targeting Pension Abuse Passed by State Legislature

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ALBANY, NY — The New York State Legislature passed legislation Monday night, June 20, 2011,  to boost State Comptroller Thomas P. DiNapoli’s ability to catch those who abuse the state pension system. The bill grants the Comptroller’s office access to State Department of Taxation and Finance's wage reporting system to identify New York State and Local Retirement System retirees working …

eHeziDiNapoli’s Bill Targeting Pension Abuse Passed by State Legislature

DiNapoli Proposes Pension Forfeiture Bill

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Calls for Severe Penalties for Abuse of Public Trust Public officials stand to lose pension benefits if they commit a felony related to the performance of their duties under a bill proposed today by State Comptroller Thomas P. DiNapoli. DiNapoli’s bill also imposes a penalty up to twice the amount a public official benefitted from the commission of a crime …

eHeziDiNapoli Proposes Pension Forfeiture Bill

New York Civic: It Can’t Happen Here By Henry J. Stern

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McMahon Says Mayor is Liberal on Pensions; He Likes 401(K) Plans Mayor Bloomberg's proposals to reduce the cost of pensions for city employees came under fire today not only from public employee unions, city government's perennial adversary in matters of wages and pensions, but from a conservative analyst as well.

eHeziNew York Civic: It Can’t Happen Here By Henry J. Stern

New York Civic: Mayor Tackles Pensions By Henry J. Stern

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Bloomberg Plans Assault on Rising Pension Costs, Asks Koch to Lead Drive Mayor Bloomberg's tenth State of the City speech was delivered this afternoon in a restored 1929 movie palace, the St. George Theater, named for the old neighborhood, an historic district close to the Staten Island ferry. A spinoff of the President’s State of the Union message, the State …

eHeziNew York Civic: Mayor Tackles Pensions By Henry J. Stern

Wilson, Cohen, McLaughlin Raise Red Flag on Secretive ‘DiNapoli Tax’

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"If You Care About Your Property Taxes, Weigh In Now" WHITE PLAINS, NY, July 28, 2010 — Westchester County residents, the highest taxed people in America, will face even higher property taxes if a secretive pension borrowing scheme is passed by the New York State Legislature as part of this year's budget process, assert state comptroller candidate Harry J. Wilson …

eHeziWilson, Cohen, McLaughlin Raise Red Flag on Secretive ‘DiNapoli Tax’

Astorino Directs Department Heads to Develop Plans that Cut 20 Percent

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 WHITE PLAINS, NY, July 21, 2010 — Six months into 2010, the projected deficit for next year remains enormously high  despite ongoing efforts that have shaved off more than $36 million, County Executive Robert P. Astorino said today.

eHeziAstorino Directs Department Heads to Develop Plans that Cut 20 Percent

Setting the Record Straight BY ROGER VITOLO

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Yonkers Firefighters Memorial As a firefighter for the City of Yonkers, I feel a need to set the record straight. There has been a lot of talk in the press and from political hopefuls about payroll abuse of civil service workers, and “pension padding”. Sensational headlines like to point out civil service personnel, particularly emergency service workers, earning high salaries. …

eHeziSetting the Record Straight BY ROGER VITOLO

A.G. Cuomo’s Investigation About Pension Padding

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ALBANY, NY — July 8, 2010 — In March 2010, Attorney General Andrew M. Cuomo commenced an investigation into a recurring problem known as “pension padding" or “pension spiking”– the manipulation of salary and overtime payments to inflate the ultimate pension benefits paid to retirees. The New York State Office of the Attorney General (“NYSAG”) collected data from various State …

eHeziA.G. Cuomo’s Investigation About Pension Padding