Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

New York legislators to become the nations best-paid state lawmakers if bill passes

by December 22, 2022
December 22, 2022
New York legislators to become the nations best-paid state lawmakers if bill passes

Just in time for Christmas, New York legislators are set to return to the state capital Thursday to give themselves a nice holiday gift: a pay raise that would make them the nation’s best-paid state lawmakers.

Members of the state Assembly and Senate would make a base salary of $142,000 if the bill passes during a special session, a 29 percent raise over their current salary of $110,000.

That would send them racing ahead of state lawmakers in California, who right now are the nation’s best-paid legislators with a yearly base pay at about $119,000, according to the National Conference of State Legislatures.

New York’s lawmakers, however, would also face restrictions for the first time on how much they can make from other jobs.

Outside income would be capped at $35,000, starting in 2025. Pay from military service, retirement plans or investments would still be allowed.

Some state lawmakers have long argued that their pay hasn’t kept up with inflation or the increased cost of living in places like New York City.

Senate Republican Leader Rob Ortt, however, said he found the raise — backed by the Legislature’s Democratic leadership — ‘patently offensive to the people we represent.’ He said that the high cost of living and violent crime are top issues for New Yorkers.

‘Albany’s One Party Ruling Class continues to put their own misplaced priorities first,’ Ortt said in a statement.

Some government transparency and watchdog groups said after the bill was introduced late Monday that it doesn’t do enough for regulating outside income.

‘The public really deserves to know that their elected officials are working just for them and they don’t have any other interests in mind,’ said Rachael Fauss, a senior policy advisor at the government watchdog group Reinvent Albany.

Members of the U.S. Congress, for example, are excluded from making any outside income while they are in office from certain professions that could pose conflicts of interest, such as being a lawyer.

Outside income has posed ethical and legal problems before for some of New York’s top lawmakers.

Former Assembly Speaker Sheldon Silver died in prison after he was convicted of entering into a corrupt arrangement in which he got a pair of real estate developers to send business to a law firm paying him referral fees, and then backed legislation benefiting the developers.

New York’s legislators got their last pay raise in 2018. At the time, it was their first raise in 20 years.

That pay boost was made possible through a list of recommendations made by a state compensation committee, but a cap on outside earnings was never implemented.

‘There’s a history in New York that looks at pay increases for legislatures, but this is the first time they are taking matters into their own hands,’ Fauss said.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
‘If I run, I win’: Mitt Romney confident he would win re-election in 2024, but remains unsure if he will run
next post
Arizona agrees to take down shipping container border wall to settle Biden lawsuit

You may also like

Republicans blast departing GOP lawmakers as razor-thin majority...

March 27, 2024

Trump 100% disagrees with federal judge’s ‘crazy’ ruling...

February 10, 2025

Dem congressman won’t rule out 2024 challenge to...

September 26, 2023

Trump gears up for 2024 rally in Waco,...

March 19, 2023

Harris proposes major corporate tax hike, reversing Trump...

August 19, 2024

Hundreds of pro-lifers dominate marathon all-night hearing on...

May 4, 2023

New Normal: Gloucester, England Installs New Defibrillators Around...

October 22, 2022

RFK Jr urges Catholics to vote for Trump...

October 25, 2024

NY appeals court denies Trump request to pause...

September 12, 2024

This candidate’s path to 270 electoral votes looking...

October 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved