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Op Ed
Capital Spending
What New York Should Do With $4B
July 23, 2014
New York State will soon receive more than $4 billion in settlements from large financial institutions. It is an unprecedented windfall and it is generating discussion about what to do with the money.
Letter
State Budget
CBC Recommendations on Tax Relief and Reform Proposals in Executive Budget
March 05, 2014
This letter expresses support for Executive Budget tax reforms, but recommends that action on the property tax relief proposals be deferred until their design is improved and the surplus necessary to sustain them is achieved.
Op Ed
Pensions & Benefits
NY Needs Real Pension Reform
December 07, 2010
Senior Research Associate Maria Doulis pens an op-ed on the need to reform public employee pensions that costs state and local governments nearly $1.5 billion.
Op Ed
State Budget
Fill the Gaps: End Protected Overspending
November 07, 2010
CBC President Carol Kellermann offers advise to the upcoming Cuomo administration on the State budget, namely to end overspending in the areas of school aid, Medicaid and employee compensation.
Letter
Pensions & Benefits
CBC Encourages Governor Paterson to Veto Benefit Sweeteners
July 22, 2010
The fiscal realities of the time have not deterred the Legislature from advancing dozens of bills enhancing benefits for State and local employees and retirees. Three were already sent to you for consideration this week; another will be shortly. We are writing to ask that you veto them.
Op Ed
State Budget
No More Aid for the Affluent
March 27, 2010
CBC President Carol Kellermann explains how the State can cut spending equitably in the three largest areas of the budget: Medicaid, education, and employee benefits.
Op Ed
State Budget
Debt Donnybrook: Legislative Battle NY Needs
October 22, 2006
To rein in runaway debt, CBC recommended that State leaders enact four high-priority reforms: 1) Stop issuing State-funded debt to cover operating deficits; 2) Make authorities' borrowing part of the State's capital plan; 3) Institutionalize rigorous financial review of authority borrowing; and 4) Reduce future debt for capital spending.
Op Ed
State Budget
NY's Debt Mess
April 24, 2006
As of April 25, 2006, debt accumulated by the State's public authorities exceeded $166 billion, which was nearly three-quarters of the State's outstanding debt. This op-ed explains the problems with the authorities' three types of debt and makes suggestions for reform.