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Op Ed
Transportation
How to Fill the MTA's Budget Gap
November 18, 2014
Nearly six of every 10 of the 3.7 million people entering New York’s central business district each weekday rely on the Metropolitan Transportation Authority’s commuter rails, subways and buses.
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.
Testimony
Transportation
Testimony Before the MTA Reinvention Commission
July 16, 2014
The CBC Board believes strongly that a well-financed and well-functioning mass transit system is a vital element in the regional economy, and a failure to support and enhance that system can be economically fatal.
Op Ed
City Budget
Issues Remain In Mayor de Blasio's New Budget
May 08, 2014
For months, the biggest fiscal uncertainty for the city has been how Mayor de Blasio would handle negotiations with the municipal unions that have been working without contracts.
Op Ed
Transportation
PATH Should Be Run By New Jersey Transit
May 04, 2014
PATH is the only mass transit system in the nation with no tax subsidy. That should be changed, and responsibility for running PATH should be shifted to New Jersey Transit.
Op Ed
Economic Development
How to Make NYC Economic Development More Effective
January 26, 2014
The start of the new administration offers an important opportunity to review the city's economic development practices and assure that they foster growth by making business incentives more cost-effective and transparent.
Op Ed
State Budget
Priorities for Governor Cuomo's Next Budget
December 17, 2012
Governor Andrew Cuomo and the New York State Legislature have successfully tackled serious budget issues in recent years, but important challenges remain. These must be addressed in his next budget in order to improve the state's fiscal condition and give local governments better tools to manage their structural deficits.
Testimony
Transportation
Testimony on MTA Fare Policies
To the MTA Board
November 13, 2012
CBC proposes a “25-50-25” formula for funding the MTA’s transit services. That is, 20-25 percent of transit expenses should be paid for by auto-user cross subsidies, 45-50 percent paid by riders, and 25-30 percent paid through state and local tax subsidies.
Op Ed
Transportation
A Better Way to Pay for the MTA
October 16, 2012
CBC President Carol Kellermann pens an opinion piece for the Huffington Post on the importance of creating a new approach to financing the MTA. The op-ed is premised on our latest MTA report, "A Better Way to Pay for the MTA."
Op Ed
Transportation
MTA Finances: A Looming Train Wreck
September 23, 2012
CBC President Carol Kellermann pens an op-ed about the serious financial troubles facing the MTA and the need for a long-term solution.
Testimony
City Budget
Testimony on the NYC Executive Budget for FY2013
To NY City Council Committee on Finance
June 06, 2012
First, the Council should focus on structural changes to municipal finances that will make budgeting easier in future years. Second, the Council should phase out the unusual practice of reimbursing retired municipal workers for their Medicare Part B premiums.
Op Ed
City Budget
Cleaning Up NY's Garbage Disposal
June 03, 2012
New York City generates more than 25 tons of garbage per minute. That's 14 million tons per year, and the city's Department of Sanitation spends $2 billion annually to collect and dispose of about a third of it.
Op Ed
Pensions & Benefits
Sneak Labor Giveaway
May 05, 2012
Across New York, the cost of health benefits for retired government employees is growing so rapidly that it threatens to crowd out funding for essential government services. Rather than lay off police or close libraries, public officials may want to use their discretion to alter retiree health insurance — but some state legislators are trying to take away that discretion.
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.
Op Ed
Transportation
The MTA: Who'll Pay?
December 02, 2008
This op-ed by CBC President Carol Kellermann and Research Director Charles Brecher proposes the most equitable division of responsibility for mass transit in the metro area. CBC believes that the appropriate balance among riders, car and truck drivers, and the general public (in the form of tax subsidies) is about 50/25/25.
Op Ed
State Budget
Budget Busters
August 18, 2008
CBC President Carol Kellermann discusses Governor David Paterson's offer of a menu of more than $1 billion in savings proposals from which he challenged legislators to select $600 million worth when they convened in Albany for a special session.