Although paying for excess hours can cost less than hiring new cops, overtime contributes to future pension costs.

“If your last few years before you retire, you work 300, 400 hours of overtime and bump up your pay by $40,000, that all goes into the salary that your pension is based on,” said Ana Champeny, director of city studies at New York’s Citizens Budget Commission.

Champeny says that added pension benefits incentivize overtime, particularly among more senior, highly-compensated officers. New York state, by contrast, only includes up to 15% of overtime when calculating pensions.

Gov. Kathy Hochul told a prominent fiscal watchdog group on Tuesday evening she wants to make "historic investments" in green infrastructure projects that are meant to counter the rising problems associated with climate change.

The comments at the Citizens Budget Commission's annual gala in New York City come as the new Hochul administration is beginning to shape its own priorties for the coming 2021 legislative session and budget negotiations.

The comments at the Citizens Budget Commission's annual gala in New York City come as the new Hochul administration is beginning to shape its own priorties for the coming 2021 legislative session and budget negotiations.

“What happened is that the pandemic brought to the surface and revealed weaknesses in the old ways of doing things, and in our social infrastructure. They accelerated challenges that were already present,” Buttigieg said during Tuesday night’s annual awards gala of New York’s watchdog Citizens Budget Commission.

NY1 - Morning on 1

The comments at the Citizens Budget Commission's annual gala in New York City come as the new Hochul administration is beginning to shape its own priorities for the coming 2021 legislative session and budget negotiations.

Advocates applauded the online portal as a crucial step toward greater transparency when it comes to state spending and the massive cash influx provided by Congress in response to the COVID crisis.

“The public deserves to know how and when its money is being spent and this provides much-needed insight into a broad range of important relief and recovery programs,” said Citizens Budget Commission President Andrew Rein. “The massive influx of federal aid provides great opportunities, but only if it is managed well and drives results. This is an important part of ensuring that success.”

So confirms an important new report from the Citizens Budget Commission, which says features of the law “hinder [its] ability to create incentives for building owners to reduce emissions cost-effectively, and may instead provide incentives to pay penalties or incur high costs that are passed on to tenants.”

CBC warns buildings will miss emissions targets without city help

Laremont’s extensive resume also includes serving as a Trustee of the Citizens Budget Commission and as co-chair of its Economic Development Committee. She also sits on the Snug Harbor Cultural Center and Botanical Gardens’ board as first vice chairperson of the Executive Committee.

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