Tax Watch

The Pew Center on the States, a non-profit foundation, released a report yesterday that placed the funding gap for public pensions at $1.38 trillion in the 2010 fiscal year. In other words, states were $1.38 trillion behind in terms of saving enough mone to cover retirement for their employees. That… Read More →

The state pension fund ended the 2011-12 fiscal year March 31 with a return of 5.96 percent, New York Comptroller Thomas DiNapoli announced this afternoon. The value as of that time was $150.3 billion. “It represents the highest level that the funds have been valued at since the market meltdown… Read More →