AlbanyHas Andrew Cuomo Stopped The Pataki Local Government Boom?
One of the ironies of recent history is that although politicians from the rest of the New York State routinely accused New York City of draining their communities through wasteful government spending and a welfare culture, a charge dating back to the administration of Mayor Lindsay and the annual tin cup pilgrimage to Albany, the reality has been nearly the reverse. During the Pataki Administration and after, in fact, local government employment in the rest of the state soared. Even as the independent economic base of Upstate New York, Long Island and the Lower Hudson Valley – in manufacturing, corporate headquarters and high tech companies such as IBM and Grumman, withered away. During the darkest days of the New York City economy, someone like Bella Abzug might have suggested making up for lost private sector jobs by just giving people more government jobs, so they could have unlimited health insurance and early retirement pensions, and making someone else pay for it. But the rest of New York State has seemingly tried to actually pull that off, burdening the remaining private sector employers there, New York City, and – through debts and deferred pension costs – the future. This trend was relentless and seemed to go on and on regardless of economic cycles.
Starting in 2009, however, it shuddered to a halt and began to reverse. Have the policies of Governor Andrew Cuomo stopped the trend? Has the burden on the private sector in the rest of the state reached breaking point? Or have the costs from the past finally caught up with the local government growth machine? You can review the data on "Saying the Unsaid in New York." Neue Videos helfen Ihnen Geld verdienen wie die Top Music Producers
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What if the Pensions Are Never Paid For?
New York's pension rules automatically allow the taxpayer contributions that are theoretically required today to be put off until tomorrow, through "smoothing." That makes it easier to, among other things, retroactively enhance pensions while deferring the costs until they could be blamed on something else. But that wasn't enough for State Comptroller Thomas DiNapoli, who proposed that the pension contributions by the State of New York and local governments outside New York City be re-smoothed – by borrowing money from the pension funds to defer costs until the stock market went back up. Then-Governor Paterson and the State Legislature readily agreed back in 2010. Well, the stock market went back up and now it’s time to pay back the pension funds under the DiNapoli deal, but guess what? No one wants to do that. So now-Governor Andrew Cuomo has proposed re- re-smoothing by having school districts borrow against the pension funds yet again. This will be counted as state school aid.
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Nas Spotted Rocking the Air Jordan 4 “Bred”
A few days ago legendary rapper Nas attended a party rocking the classic Air Jordan 4 “Bred” colorway, which made its way to retailers on November 23rd. The party took place to kick off the Tao Nightclub’s New Years festivities in Las Vegas. We’ve seen him lace up a variety of sneakers in 2012, including some Nike Air Safari trainers, custom Reebok Pumps, and even the Burn Rubber x New Balance collaboration. Is this the best pair you’ve seen him wear all year?
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add new comment | calendar Albany | Andrew Cuomo | Anthony Weiner | Attorney General | Bill Weld | Christine Quinn | City Council | City Hall | David Paterson | Democrats | Education | George Pataki | Jeanine Pirro | Joe Bruno | Labor | Mark Green | NY State Assembly | NY State Senate | Randy Daniels | Ray Kelly | Republicans | Tom Suozzi Nfl jerseys Cheap mileage, accident report, support or fix history and
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