Fast Facts
  • $19.5b

    New York State's projected 3-year budget gap.

How to Save $2B Without Slashing City Services

Mar 04, 2010

Research Director Chuck Brecher outlines 5 alternative solutions for saving up to $2 billion in Mayor Bloomberg's preliminary budget.  Each of these proposals would avoid widespread layoffs and the reduction of other vital services.

What Mike Must Get From Teachers

Feb 01, 2010

President Carol Kellermann outlines what Mayor Bloomberg must accomplish in his negotiations with the Teachers' Union in order to get the vital reforms needed to fix the school system.

City, State Budget Woes

Jan 17, 2010

CBC President Carol Kellermann writes a letter to Crain's urging the City to not avoid cost cutting in the face of better-than-expected tax revenue.

NYC's Gold-Plated Worker Perks

Dec 21, 2009

CBC President Carol Kellermann discusses a new survey from the CBC and the Partnership for New York City that reveals that municipal employee pension and health-insurance benefits are out of balance with the job market.

New Priorities for Mayor Bloomberg's Third Term

Nov 16, 2009

CBC President Carol Kellermann outlines the fiscal priorities that need to be addressed by Mayor Michael Bloomberg in his third term.

New York Must Slash Spending: It's the State's Only Way Out of this Huge, Growing Budget Hole

Oct 15, 2009

This op-ed explains that the state can no longer tax and borrow its way out of the current economic crisis and remain competitive as a place to live, work and do business. Spending cuts are required, and they won't be easy.

Bolster budget: Pare Spending, Reform Pensions, Protect MTA

Jul 27, 2009

This op-ed was the CBC's contribution to a series of short op-ed's submitted by advocates around the state to Crain's New York Business.  Here the CBC strikes at the core issues that severely impact the State's budget.

Pension Poison Pills

Apr 07, 2009

This op-ed, released in conjunction with the report “The Explosion in Pension Costs: 10 Things New Yorkers Should Know About Retirement Benefits for New York City Employees,” highlights facts that taxpayers should know about the cost of retirement benefits for New York City employees.

State Can't Afford Overly Generous Pensions

Feb 01, 2009

Written by CBC President Carol Kellermann and President and CEO of the Business Council of New York City Kenneth Adams, this op-ed outlines Governor David Paterson’s proposed measures in response to the challenges associated with such a high-cost fringe benefit system. The authors advocate for the Governor’s proposals and suggest enhancements, particularly with respect to the pension plans of New York City firefighters and police officers.

NYC's Out-Of-Control Labor Costs

Jan 13, 2009

Written in conjunction with the report “Six-Figure Civil Servants: Average Compensation Cost Of New York City Public Employees,” which showed that the average compensation costs of full-time City employees was $106,743 in the last fiscal year, this op-ed by CBC President Carol Kellermann suggests three steps to be taken immediately to avoid jeopardizing the City’s economy and its services.

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