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Statement
City Budget
Statement on the CityTime Settlement
March 14, 2012
The $500 million CityTime settlement announced today is welcome news to New Yorkers. It is important that the recouped funds be used, not for short-term budget relief and restorations, but to help defray the costs of the City’s capital program.
Statement
Public Workforce
Statement on Tier VI Reforms
March 14, 2012
The bill that passed both houses of the State Legislature early this morning included important, beneficial changes in most components of the pension formulas that will determine benefits for future employees.
Op Ed
Pensions & Benefits
New York State’s Pension Plan
March 12, 2012
Deferrals of pension fund contributions by New York State and localities relies on unconvincing arguments by the State Comptroller that the plan is justified by the need for short-term relief from rising pension costs and that it is transparent.
Op Ed
Pensions & Benefits
Cuomo’s Reforms Are Perfectly Fair
February 21, 2012
Gov. Cuomo’s proposed “Tier VI” pension formula for future state and local government employees is more than fair by national standards. With New Yorkers now paying more than twice the US average per person for public-employee pensions, it’s time to rein in these costs.
Testimony
Economic Development
Testimony to the Joint Legislative Budget Hearing on Economic Development
January 31, 2012
First, the legislature should not authorize additional funds for another round of regional competition until the “hydra” of economic development is tamed. And second, they should improve the accountability and transparency of all expenditures in this area.
Op Ed
Pensions & Benefits
Finally Retire New York's Overpriced Pensions
January 22, 2012
President Carol Kellermann pens an op-ed urging the legislature to pass Governor Cuomo's proposal to modernize the State's pension system by offering new employees a 401(k)-style option.