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Report
Transportation
Misplaced Priorities in the MTA's Capital Plan
October 23, 2014
The plan identifies $16.9 billion in available funding, but a gap of about $15.2 billion remains unfunded. This CBC study focuses on how the money would be spent and recommends that the proposed plan be revised to address three serious shortcomings.
Report
Transportation
Financing PATH
Options for Deficit Reduction
April 23, 2014
This report examines the financing arrangements for the PATH transit system operated by the Port Authority of New York and New Jersey.
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.
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.
Report
Transportation
Working in the Dark
Implementation of the MTA's Capital Plan
October 20, 2009
This report analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.
Report
Economic Development
Overhauling the New York Power Authority's Economic Development Programs
September 22, 2009
This report focuses on the numerous subsidized power programs for economic development run by the New York Power Authority. It is the second in a series, the intent of which is to identify ways that New York's current tools can be used more effectively.
Letter
Transportation
CBC and Others Outline a Plan to Finance Long-Term Capital Needs of the MTA
May 05, 2009
This letter from the CBC and other advocates outlines a plan to finance the long-term capital needs of the MTA and its immediate operating deficit. The mobility tax should be used for expenses related to the MTA's capital plan, not for operating expenses after the first year.
Report
Pensions & Benefits
The Explosion in Pension Costs
10 Things New Yorkers Should Know About Retirement Benefits for New York City Employees
April 06, 2009
In recent years, one of the fastest growing expenses for New York City government has been retirement benefits for municipal workers. This growth is driven mainly by investment losses in the pension funds and the enrichment of retirement benefits. As New York taxpayers have a critical interest in understanding the reasons behind the explosion in retirement benefit costs and what can be done to limit future liabilities, this report summarizes 10 facts about retirement benefits for New York employees.
Letter
Economic Development
CBC and Others Urge the State Legislature to Reform Empire Zones
February 11, 2009
This letter to the State Legislature, written in conjunction with the NYS AFL-CIO, the Metropolitan Development Association of Syracuse and Central New York and the Partnership for New York City, is in support of Governor David Paterson's proposal to scale back the almost $600 million-a-year Empire Zone Program.
Letter
Transportation
Letter to the Governor Regarding Ravitch Commission
January 28, 2009
In this letter CBC agrees, for the most part, with a report released by the Commission on Metropolitan Transportation Authority Financing but offers suggestions for improvement. Specifically, CBC supports legislation to implement the Commission’s core recommendations (with revision), which are highlighted in the testimony.
Report
Pensions & Benefits
Six-Figure Civil Servants
Average Compensation Cost Of New York City Public Employees
January 08, 2009
In fiscal year 2008, the average compensation cost per New York City full-time employee was $106,743; this figure represents a system out of sync with the private sector and an opportunity to limit the growth of the City’s liability in the future while continuing to provide fair and adequate compensation to the City’s employees. Three factors that have driven the growth in compensation among City employees are: 1) Pay increases are directly attributable to contract settlements with unions; 2) More generous terms of the health insurance benefits offered by the City, as compared to the private sector and other state and local governments; and 3) The benefit retirement plans offered by the City that lock in the City’s future payouts to retirees based on the employee’s pay, years of employment and age at retirement among other factors. CBC offers three recommendations in response to these factors.
Report
Transportation
How To Balance the MTA's Budget
June 27, 2006
In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs. This report examines the two problems and suggests alternative financing policies for the MTA that would balance its operating budget and provide sufficient capital to accelerate the pace at which its facilities are brought to a state of good repair.
Report
Pensions & Benefits
Old Assumptions, New Realities
The Truth About Wages and Retirement Benefits For Government Employees
March 31, 2006
This report summarizes a more detailed study prepared by CBC, “The Case for Redesigning Retirement Benefits for New York’s Public Employees,” released in 2005. For decades the popular image of government employment has involved the tradeoff of lower wages for job security and relatively generous retirement benefits. That image, while still widespread, is no longer the reality.