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  • 64¢

    Amount spent on NYC employees' pensions and fringe for every $1 spent on salary and wages

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The Broken Umbrella: How to Make New York State's Rainy Day Fund More Useful

Jun 06, 2011

To help states cope with recessions one mechanism that is often suggested is a rainy day fund. Although New York has a rainy day fund (in fact, it has two), the funds have not been used in the latest recession. This report explores the reasons why New York has not developed an effective rainy day fund and presents four guidelines for how the State can create a more useful rainy day fund.

Report

Bravo on Budget; Now to Lawmaking

Apr 03, 2011

Gov. Andrew Cuomo and state legislative leaders deserve credit for agreeing on a budget that breaks some bad habits. It was on time, reins in spending that was growing at an unsustainable pace, and minimizes the facile devices that checkered past budgets—deficit borrowing, tax hikes, one shots and other gimmickry.

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