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Report
Pensions & Benefits
Better Benefits from our Billion Bucks
August 02, 2010
This report describes the organization and financing of the union welfare funds, identifies and documents three problems with the current arrangements – limited accountability, poor financial management and inefficient provision of benefits - and presents recommendations to improve the use of these payments and provide taxpayer savings.
Testimony
City Budget
Testimony to the New York City Charter Revision Commission
August 02, 2010
CBC submits this testimony to express our opposition to granting charter-mandated formula budgets to certain City offices, as doing so would be fiscally imprudent and would undermine the long-established process by which the Mayor and the City Council establish budget priorities as elected representatives.
Blog
Capital Spending
Mind the Gap
Funding Repair and Maintenance of New York City Infrastructure
July 26, 2010
Past neglect has created a need for nearly $5.6 billion in repair of existing facilities in New York City in order to bring them to satisfactory condition, known as a "state of good repair." Yet the City's capital budget allocates only about half, with the gap especially large for streets, hospitals, and parks.
Blog
City Budget
The City’s FY 2011 Budget: The Buck Stops Here
July 12, 2010
With significant budget gaps looming in the outyears and the end of nearly a decade of multi-billion dollar surpluses, it is disappointing that more has not been done to lower spending.
Blog
City Budget
The Beginning of the End of Balanced Budgets for New York City?
June 23, 2010
What ought to be considered a dramatic reversal of a highly praised policy has been buried in an arcane legal change made by the Legislature at the request of the Mayor, allowing the city to borrow for pollution remediation.
Testimony
City Budget
Testimony to the NYC Council Finance Committee on FY 2011 Executive Budget
June 07, 2010
As the City begins a fragile economic recovery, this financial plan presents a crucial opportunity to take actions that will place the City on a firmer fiscal footing and ensure its competitiveness for the long-term.
Blog
Public Workforce
The Public and Private Sector Wage Disparity: An Update
May 24, 2010
The labor market case for more generous retirement benefits for public sector workers is no longer valid.
Blog
Capital Spending
New York City Capital Spending: A Retrospective
April 21, 2010
Analyzes the impact of capital investments under Mayor Bloomberg.
Blog
Education
High Time For Higher Education Funding Reform
April 13, 2010
Explains why the irrational and inequitable tuition policies at CUNY and SUNY should be replaced by a rational tuition policy that allows for regular increases but also does not reduce financial aid to students.
Report
State Budget
In The Danger Zone
A Comparative Analysis of New York State's Long-Term Obligations
March 08, 2010
This comparative analysis examines the debt burden of the 50 states. It finds that New York's debt burden is well above national averages and greater than that of all but three states.
Blog
Pensions & Benefits
Christmas Bonuses
January 20, 2010
Each December, some NYC uniformed retirees receive a "variable supplement fund" payment in addition to their pensions.
Report
Pensions & Benefits
Out of Balance
A Comparison of Public and Private Employee Benefits in New York City
December 16, 2009
The CBC and the Partnership for New York City surveyed large private firms in New York City to provide a basis for comparing the health insurance and pension benefits of private sector workers with those of municipal employees.
Testimony
Transportation
Testimony on 2010 MTA Capital Plan
Delivered to State Senate Standing Committees
December 03, 2009
Testimony before the New York State Senate Standing Committees on Corporations, Authorities and Commissions and Investigations and Government Operations on the MTA's 2010-2014 capital plan.
Op Ed
City Budget
New Priorities for Mayor Bloomberg's Third Term
November 15, 2009
CBC President Carol Kellermann outlines the fiscal priorities that need to be addressed by Mayor Michael Bloomberg in his third term in this op-ed published in the Huffington Post.
Report
Education
Is It a Good Deal?
How New Yorkers Should Judge The Next Teachers' Contract
November 11, 2009
The New York City teachers’ contract expired on October 31, 2009. A new agreement may be reached soon. As the City faces a $5 billion budget gap for the next fiscal year and key educational reforms remain unfinished, here are key questions parents and taxpayers should ask to judge whether the next contract is a good deal for them.
Testimony
Transportation
Testimony on Challenges Facing the MTA
Submitted to Senate Finance Committee
September 03, 2009
Testimony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the critical challenges that will face the MTA in the coming years, including balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
Video
City Budget
The Buck Stops Here
The 2009 Comptroller Candidate Debate
July 16, 2009
“The Buck Stops Here” - The 2009 Comptroller Candidate Debate.
Report
Housing
Nine Facts New Yorkers Should Know About Rent Regulation
June 23, 2009
This report details nine important facts for the Legislature to keep in mind as rent laws are considered for modification. CBC believes they should be cautious about initiatives to extend the reach of rent regulation. Instead, state leaders should think more broadly about ways to better target assistance to lower income households and to allow the market to work in ways that better allocate housing and expand housing choices for all New Yorkers.
Letter
City Budget
CBC Proposes a New Fiscal Strategy for the City's FY2010 Budget
June 10, 2009
This letter to the mayor, speaker, and chairman of the finance committee outlines four key elements of a new fiscal strategy that would address the structural imbalance in the City's budget due to the ongoing recession.
Testimony
Education
Testimony on Improving the NYC Department of Education's Fiscal Transparency
Submitted to the NY City Council's Joint Education and Contract Committee
April 11, 2009
CBC submits this written testimony to the City Council joint Education and Contracts Committee hearing on oversight of the Department of Education's contracting and procurement process; CBC has two recommendations to increase accountability and transparency with regard to all of DOE’s fiscal operations, including contracting and procurement.