The budget was balanced with significant help from the state, including an additional $500 million in yearly revenue from the ...

Measures ranging from utility rebate checks to banning law enforcement from wearing masks are expected to be included in this year's state budget.

About 60% of county, city, town and village employees participate in Tier 6 pension system, groups representing NY's local governments and mayors say.

New York State lawmakers are weighing changes to the Tier 6 pension system with significant long-term fiscal consequences.

The plan relies heavily on state aid, delayed pension payments, and optimistic revenue projections.

Currently, 780,000 public workers in New York are enrolled in the state's Tier 6 pension system, which was created in 2012.

Several local government groups are warning that New York property taxpayers could face tax rate hikes or service cuts due to pension reform proposals being debated as part of this year's now-late ...

Labor unions’ plan to improve retirement benefits for recently hired public workers would cost taxpayers roughly $1.5 billion a year, according to people briefed on the proposal. The unions’ plan to ...

Cities such as New York and Chicago are in deep financial trouble. Broadly speaking, they have two options: Make the difficult but appropriate choice to raise taxes and reduce the scale of government, ...

Some states give multiple tax breaks to retirees. Nine states have no income tax. This includes Washington, which only taxes ...