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Blog
Pensions & Benefits
Four Egregious Benefit Enhancement Bills
2018 Benefit Sweetener Scorecard Update
May 18, 2018
The 135 active bills identified on the Citizens Budget Commission’s 2018 Benefit Sweetener Scorecard this session could cost the State and local governments at least $428 million.
Report
Pensions & Benefits
2018 Benefit Sweetener Scorecard
April 12, 2018
With negotiations completed and a State Budget enacted, the balance of this year’s legislative session will be devoted to moving bills through the legislative process, including proposals to enhance the benefits of State and local public employees and retirees.
Letter
Housing
NYCHA's Project Labor Agreement Needs Evaluation
A Letter to the Mayor and NYCHA Chair
March 05, 2018
Has the PLA between NYCHA and the BCTC delivered on expected savings? An evaluation is needed before any decision to renew the PLA.
Blog
Pensions & Benefits
A Budget Proposal That Seems Fiscally Responsible, But Doesn’t Tackle the True Problem
February 22, 2018
It's time to eliminate the expensive and risky benefits provided by the TDA.
Press Release
Pensions & Benefits
CBC Uncovers Potential $160 Million In Savings From Better Management Of NYC's Union-Administered Benefit Funds
February 08, 2018
CBC today released the report Union-Administered Benefit Funds: Getting More Out of a Billion Dollar Taxpayer Contribution, which gives short-term and long-term recommendations for improving the inefficient operations of union-administered benefit funds.
Report
Pensions & Benefits
Union-Administered Benefit Funds
Getting More Out Of A Billion Dollar Taxpayer Contribution
February 08, 2018
NYC taxpayers are projected to contribute $1.1 billion to 108 union-administered benefit funds. Better management, oversight, and consolidation can create more than $160 million in savings for the City and improve benefits for members.
Blog
State Budget
Balancing the State Budget – Halfway There, But Running Out of Gas?
December 19, 2011
The Governor should avoid more new taxes as the way to close the rest of the budget gap and instead focus on containing spending growth in Medicaid, pensions, education, and economic development.
Blog
Pensions & Benefits
New York City Is Not Alone
November 16, 2011
Reducing the pensions funds' investment target to 7% would be prudent in order to keep the City’s pension funds fully funded, and it would be consistent with changes that have been adopted by other large public pension systems.
Blog
Public Workforce
Another Good Idea to Save the City Money
October 27, 2011
The New York City union welfare funds could also use some "depoliticizing, professionalizing and streamlining."
Blog
Pensions & Benefits
How Much Did New York’s 2010 Early Retirement Incentive Save?
October 25, 2011
The CBC estimates that early retirement incentives saved taxpayers $681 million savings- less than would have been saved if the Governor had been able to achieve through layoffs.
Video
Pensions & Benefits
Robert Steel, NYC Deputy Mayor
CBC Breakfast Series
August 31, 2011
CBC Breakfast with NYC Deputy Mayor Bob Steel in August 2011.
Blog
Pensions & Benefits
Another Promising Sign
July 12, 2011
The Citizen Budget Commission congratulates Governor Andrew Cuomo on his veto of A6309/S4067, the bill that proposed allowing school districts to borrow over $1 billion for pension costs.
Letter
Pensions & Benefits
CBC Urges the Governor to Veto a School District Borrowing Bill
July 11, 2011
CBC sent a letter to Governor Cuomo urging him to veto A6309/S4067, the bill that would allow school districts to borrow an amount equal to 125% of their required 2011 pension contributions and to repay them over 15 years.
Blog
City Budget
New York City’s Adopted Budget: Missed Opportunities
July 05, 2011
In adopting the FY2012 budget, City leaders missed the opportunity to address the big-ticket items – health insurance, pensions and debt service – whose unchecked growth will continue to dominate the budget and result in service reductions and layoffs.
Letter
Pensions & Benefits
CBC Commends State Legislators' Vote Against School District Borrowing
June 29, 2011
CBC sent a letter of commendation to the State Legislators who voted against school district borrowing for pension contributions (A6309/S4067).
Letter
Pensions & Benefits
CBC Inquiry About the Health Insurance Premium Stabilization Fund
June 27, 2011
CBC Letter to Comptroller John Liu asking three questions about the Health Insurance Stabilization Fund (HISF) and calling for an audit.
Blog
Pensions & Benefits
Possible City Savings From Health Insurance Changes
June 19, 2011
Following the template provided by Governor Cuomo and the CSEA can produce $1.4 billion in savings for New York City in fiscal year 2012 – more than enough to avert layoffs and other cuts.
Blog
Pensions & Benefits
The Case Against Tapping the Health Insurance Premium Stabilization Fund
June 14, 2011
Diverting money from the Health Insurance Premium Stabilization Fund may seem harmless, but it is a fiscal gimmick that only postpones the tough decisions needed to address the underlying causes of the City’s financial predicament.
Blog
Pensions & Benefits
An End to Business As Usual
April 10, 2011
CBC calls for an end to “business as usual:” the relentless introduction of pension sweeteners.
Blog
Housing
CBC Findings on Rent Regulation
March 14, 2011
The highest-income households receive the largest average benefit from rent regulation.