Citizens Budget Commission News
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New York City will seek a new provider for its $6 billion health-insurance plan that would require workers to pay premiums for the first time, with discounts for participating in wellness programs, Deputy Mayor Caswell Holloway said.
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Joseph Lhota was Rudy Giuliani’s deputy on Sept. 11 and head of the agency that brought back the subways after Hurricane Sandy. He says that makes him the most qualified candidate to keep New York City from reverting to the days of crime and dysfunction.
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New York Governor David Paterson delivered 6,709 vetoes -- a stack of paper 31 inches high -- to absent lawmakers, trimming $805.3 million of spending that still doesn’t close the state’s $9.2 billion deficit.
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New York Mayor Michael Bloomberg will present his final budget after 11 years in office with spending choices limited by billions of dollars tied up in disputes over state aid, taxi revenue and labor contracts.
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New York’s Metropolitan Transportation Authority, the biggest U.S. mass-transit operator, runs one of the most efficient subways while its bus and rail services lag behind other cities, a report said.
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Joseph Lhota, who was widely praised for reviving the New York City subway system after Hurricane Sandy, will resign as chairman of the Metropolitan Transportation Authority to explore a run for mayor.
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New York’s Metropolitan Transportation Authority, which carries 8.5 million riders a day, counts on freezing pay and raising fees to erase deficits for two years without service cuts.
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New York Mayor Michael Bloomberg today presented a revised $68.7 billion budget that contains no new taxes and accepts a City Council call to retain more than 2,000 teaching positions that he previously sought to eliminate.
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Federal Reserve Chairman Ben S. Bernanke said an improvement in state and local government finances will depend on the rate of U.S. economic expansion.
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New York Governor David Paterson vetoed legislation that he said was an attempt by lawmakers to get around his rejection of some school-aid spending.
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