Anti-bonus bill passes Assembly
A bill to prohibit bonuses to management and other non-union employees at state authorities - including the New York Power Authority, which handed out nearly $40 million in such pay this past decade - passed the state Assembly 122-0 yesterday.
The bill is sponsored by Sam Hoyt. A companion bill in the Senate is one of many measures on hold because of the coup chaos.
Is this a Christmas Miracle? Assemblyman Hoyt actually did something positive for the region?
I'm sure it'll be halted in the Senate. Stuff like this just doesn't happen in NY.
Posted by: Rob | June 23, 2009 at 12:52 PM
Keep in mind this only covers "management and other non-union employees" so he managed to keep the money flowing to any Assembly and/or Senate campaign that also votes for it.
Posted by: Dave | June 23, 2009 at 03:56 PM
It's all in the wording, they will not give anyone a bonus anymore''yea right.
Now they will just call it a pay raise, does the new bill prohibit giving a pay raise ? Of course not, foiled again. This is one of those feel good votes with a wink and a nod. As long as there is money to be had the politicians and their connected friends will find a way to get it.
Just today Citigroup announced pay raises up to 50% for the top dogs,,,they just got over $45 billion bailout money with the stipulation of no more bonus money, same deal no bonus just pay raises, what a joke.
Posted by: jd | June 24, 2009 at 10:32 PM