NY Lawmakers Reach Deal To Update Muni Arbitration Law

Law360, New York (June 19, 2013, 4:50 PM EDT) -- New York lawmakers have reached accord on revamping arbitration between local governments and police and firefighter unions so that localities' ability to pay for labor contracts gets great weight, a deal Gov. Andrew Cuomo said Wednesday would end the days of the state "subsidizing dysfunction and insolvency."

The legislation introduced Tuesday night would establish a permanent Financial Restructuring Board and reform the arbitration process — chiefly by allowing arbitrators to give 70 percent of the weight of their decision to a government's ability to pay the...
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