The Metropolitan Transportation Authority and the union representing New York City’s subway and bus workers agreed on a tentative contract that would raise wages by 8 percent over five years without fare increases.
Aon Plc was sued by the Port Authority of New York and New Jersey which claims the insurance broker kept unauthorized commissions and failed to return premium overpayments, causing the agency to pay millions of dollars more than it should have.
New York Mayor Bill de Blasio, marking his 100th day in office, embraced the legislature’s funding of statewide universal pre-kindergarten as his own victory and promised more programs to redress inequality between rich and poor.
New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.
Governor Andrew Cuomo and legislative leaders struck a deal to allocate $300 million for universal pre-kindergarten in New York City, giving Mayor Bill de Blasio funds for his signature program without the tax increase on the rich he sought.