In New York City more than one million housing units, representing more than half the private rental market and one‐third the total housing stock, are subject to rent regulation. This scale of regulation is unique among American cities and is highly controversial.
A comparative analysis of the 50 states indicates that New York's debt burden is in a "danger zone;" it is well above national averages and greater than that of all but three states. As a result New Yorkers are currently paying about $5.6 billion in debt service, and in four years the state's credit card obligation will be over $7.1 billion or one of every ten dollars paid in taxes.
The CBC and the Partnership for New York City surveyed large private firms in New York City to provide a basis for comparing the health insurance and pension benefits of private sector workers with those of municipal employees.
The New York City teachers’ contract expired on October 31, 2009. A new agreement may be reached soon. As the City faces a $5 billion budget gap for the next fiscal year and key educational reforms remain unfinished, here are key questions parents and taxpayers should ask to judge whether the next contract is a good deal for them.
This report analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.
This report focuses on the numerous subsidized power programs for economic development run by the New York Power Authority. It is the second in a series, the intent of which is to identify ways that New York's current tools can be used more effectively.
This report details nine important facts for the Legislature to keep in mind as rent laws are considered for modification. CBC believes they should be cautious about initiatives to extend the reach of rent regulation.
A scorecard developed by the CBC that highlights legislative activity related to pension costs. The scorecard will track the introduction, progress, and sponsors of legislation designed to sweeten existing pension benefits of government employees, as well as any pension reform efforts to reduce future pension liabilities.
In recent years, one of the fastest growing expenses for New York City government has been retirement benefits for municipal workers. This growth is driven mainly by investment losses in the pension funds and the enrichment of retirement benefits. As New York taxpayers have a critical interest in understanding the reasons behind the explosion in retirement benefit costs and what can be done to limit future liabilities, this report summarizes 10 facts about retirement benefits for New York employees.
