Last week, as the MTA board approved a budget that funded a generous contract for LIRR workers, the GAO released a report indicating the federal agency administering disability pensions for those workers had not done enough to prevent a repeat of a widespread fraud scheme by LIRR employees uncovered in 2008.
The Citizens Budget Commission (CBC) today announced the appointment of Michael Dardia, former Deputy Director of the City of New York’s Office of Management and Budget, as the Commission’s Co-Research Director.
New York State will soon receive more than $4 billion in settlements from large financial institutions. It is an unprecedented windfall, coming from wrongdoing by banks, and it is rightly generating public discussion about what to do with the money.
Just over one year ago, on July 16, 2013, the Citizens Budget Commission (CBC) sent the executive director of the Port Authority of New York and New Jersey (PANYNJ) a letter with recommendations for improving the Authority’s budget process, with the goals of greater transparency, long-term financial viability, and public accountability for performance.