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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.
Podcast episode
CBC News
86, with Federal Reserve Board Vice-Chair Stanley Fischer
March 01, 2018
This episode's data point is 86 - as in the CBC's 86th Annual Awards Dinner. One of several awards given at the gala is the Felix G. Rohatyn Award, which recognizes champions of New York and sound fiscal management. This year's Rohatyn Award honoree is former Federal Reserve Board Vice-Chair Stanley Fischer, and this episode presents his remarks. He covers two broad topics: first, national fiscal policy, and second, financial markets.
Video
CBC News
Scott Stringer and Stanley Fischer
CBC's 86th Annual Awards Dinner Honorees
March 01, 2018
Watch the keynote address from NYC Comptroller Scott M. Stringer, recipient of the Medal for High Civic Service, and remarks from former Federal Reserve Board Vice-Chair Stanley Fischer.
Press Release
CBC News
CBC Awards Prize For Public Service Innovation To Medicaid Redesign Team
Annual Prize Celebrates Creative Thinking and Government Achievement
February 28, 2018
The CBC today announced the winner of the Prize for Public Service Innovation is the Medicaid Redesign Team, whose initiatives have transformed the State's Medicaid program into a national model.
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.
Video
CBC News
NYS Budget Director Robert Mujica (2018)
Annual Budget Briefing
February 15, 2018
NYS Budget Director Robert Mujica presents the annual New York State Executive Budget Briefing to CBC.
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.
Report
Pensions & Benefits
2017 Benefit Sweetener Scorecard
December 07, 2017
The State Legislature passed 26 bills. Click to learn more.
Press Release
Pensions & Benefits
CBC Issues Report Detailing The Unsustainable And Growing Burden Of New York City's Other Post-Employment Benefit Debt
October 25, 2017
NYC's Other Post-Employment Benefits (OPEB) amounts to $95 billion. New policies should be implemented to reduce the financial burden on future generations.
Report
Pensions & Benefits
The Price of Promises Made
What New York City Should Do About Its $95 Billion OPEB Debt
October 25, 2017
CBC presents options for tackling this looming $95 billion liability threatening New York City's fiscal health.
Special Feature
Public Workforce
Facts About NYC Employee Compensation
May 19, 2017
An infographic that shows the City's projected headcount increase from FY2018 to FY2021, the projected average compensation from FY2017 to FY2021, and the average pay by agency and category of worker in FY2016.
Video
CBC News
Remarks by Senator Charles E. Schumer
Recipient of CBC's Medal for High Civic Service
March 09, 2017
Remarks by Senator Charles E. Schumer at the Citizens Budget Commission's 2017 Annual Dinner.
Report
Public Workforce
Governor Cuomo's Labor Contracts
Only Getting Part of the Job Done
January 06, 2017
In collective bargaining, the Governor must balance paying workers fairly with keeping tax levels reasonable. More needs to be done to control rising fringe benefits costs.
Report
Pensions & Benefits
An Expensive and Risky Benefit
How Low Interest Rates Cost New York City Taxpayers $1.2 Billion Annually
October 05, 2016
A unique feature of a tax deferred compensation plan available to NYC teachers guarantees them a 7% investment return regardless of what happens to interest rates or in the stock market.
Blog
City Budget
The “20-20-20-20” Dilemma: Legacy Costs in the New York City Budget
July 22, 2016
A giant slice of the New York City budget pays for costs that are the legacy of commitments made in the past: debt service, pensions, and retiree health insurance. These legacy costs already exceed 20 percent of the budget and will expand by 20 percent to more than $20 billion in annual spending by fiscal year 2020.
Blog
Pensions & Benefits
Legislature Introduces Even More Benefit Sweeteners
May 18, 2016
The State Legislature has introduced 8 new bills to enhance the benefits of State and local public employees and retirees in the 2016 session.
Blog
Pensions & Benefits
2016 Benefit Sweetener Scorecard
May 02, 2016
The Citizens Budget Commission’s 2016 Benefit Sweetener Scorecard identifies more than 60 such bills active this session. These bills could cost the State and local governments hundreds of millions of dollars per year, and since about half the bills do not specify a fiscal impact, the potential costs could be significantly greater.
Video
CBC News
Loretta Lynch
Remarks delivered at CBC’s 84th Annual Awards Dinner
April 11, 2016
US Attorney General Loretta Lynch accepts the CBC's Medal for High Civic Service.
Video
CBC News
Mayor Bill de Blasio
Remarks delivered at CBC’s 84th Annual Awards Dinner
April 11, 2016
Remarks delivered by Mayor Bill de Blasio at CBC’s 84th Annual Awards Dinner