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  • Capital Spending (6)
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Showing 1 - 16 of 16
Blog City Budget

Delaying the Pain

December 15, 2010
A closer look at the City November 2011 savings plan reveals two notable points: Nearly two-thirds consists of new revenue, and expenditure cuts are modest, although health, welfare, libraries and cultural institutions bear most of the burden.
Blog Capital Spending

When Will the Capital Budget Cuts Really Arrive?

December 09, 2010
Failure to impose fiscal austerity on the infrastructure agenda is evident in growing levels of capital commitments.
Blog Pensions & Benefits

What is OPEB and Why Does it Cost $9.4 Billion?

December 05, 2010
The true cost of retiree health insurance and "other postemployment benefits," or OPEB, was $9.4 billion in fiscal year 2010. Why it cost so much and what should be done about it.
Blog Public Workforce

A Closer Look at Paterson's Proposed Layoffs

October 31, 2010
Review Governor Paterson's plan to lay off state workers and allow additional positions to be vacated.
Report Pensions & Benefits

8 Things New Yorkers Should Know About Public Retirement Benefits in New York State

October 19, 2010
This report presents eight facts about retirement benefits for New York State and local employees intended to stimulate a substantive discourse on pursuing changes to prevent underfunding of the pension systems and to make retirement benefits more fair and affordable.
Letter City Budget

CBC Urges Gov. Cuomo to Veto Arbitrary Training Mandate for Firefighters

September 29, 2010
CBC recommends to the governor that A9885/S6784, which mandates that New York City firefighters be provided an additional 80 hours of training on the Buildings and Fire Codes, be vetoed because it is an arbitrary addition to existing preparation that is unnecessary and financially burdensome.
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

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 Pensions & Benefits

Christmas Bonuses

January 20, 2010
Each December, some NYC uniformed retirees receive a "variable supplement fund" payment in addition to their pensions.
Letter City Budget

Letter to the FCB on GASB 49 Requirements

April 29, 2008
Any deferral from meeting GASB 49 standards on pollution remediation should be limited to one year.

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