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Blog Pensions & Benefits

Giving Credit Where It’s Due? New York City’s $1.3 Billion in Health Insurance Savings

December 28, 2014
In its recent mid-year budget modification the de Blasio administration credited a coalition of municipal employee unions with achieving $1.3 billion in savings in the City’s employee and retiree health insurance costs. Yet the unions have not agreed to any changes in the plan, and the City and the unions have taken no actions to reduce costs. How can this be?
Blog Health Care

Agency Focus: NYS DOH

November 03, 2014
The New York State Department of Health has overseen dramatic changes in the state's healthcare system in recent years, including the passage of the federal Affordable Care Act and development of the state's own health care exchange website.
Blog Education

Agency Focus: NYSED

October 15, 2014
What are the challenges facing the New York State Education Department's (NYSED)?
Blog Transportation

At PATH a Higher Fare is a Fairer Fare

September 29, 2014
On October 1, 2014, the single-ride fare for the Port Authority Trans-Hudson (PATH)—the rail system connecting Newark, Harrison, Jersey City, and Hoboken to Midtown and Lower Manhattan—will increase by 25 cents. Many riders will complain, but the simple truth is that the higher fare is a fairer fare.
Blog Transportation

Agency Focus: NYS DOT

September 28, 2014
Two major challenges face the New York State Department of Transportation: undertaking a comprehensive needs assessment and identifying resources needed to implement a capital plan.
Blog Health Care

Agency Focus: HHC

September 22, 2014
Short budget profiled of the finances and challenges of New York City Health and Hospitals Corporation (HHC) - now known as NYC Health + Hospitals (H+H).
Blog City Budget

Agency Focus: DEP

September 21, 2014
Three entities govern New York City's water and sewer system: the Department of Environmental Protection operates and maintains the system; the New York City Municipal Water Finance Authority (WFA) borrows to finance capital investments; and the Water Board sets rates for customers to meet financing needs. Learn more.
Blog Pensions & Benefits

LIRR Pension Fraud Could Happen Again

August 04, 2014
Summarizes findings from a GAO report indicating the federal agency administering disability pensions for those workers had not done enough to prevent a repeat of a widespread fraud scheme by LIRR employees uncovered in 2008.
Blog Capital Spending

An Update on Port Authority Budget Reform

July 22, 2014
How far has the Port Authority come on improving its budget process, long-term financial viability, and accountability to the public?
Blog City Budget

Where Do We Go From Here?

June 30, 2014
This blog post examines what’s new in the fiscal year 2015 budget and makes recommendations for steering the City’s finances over the next four years.
Blog Pensions & Benefits

Five Benefit Sweeteners Pass in State Legislature

June 19, 2014
Five bills on CBC’s Benefit Sweetener Scorecard have passed both houses of the State Legislature in 2014. These bills are highlighted in red on the Scorecard.
Blog Public Workforce

Three Questions about 1,000 New Police Officers

June 18, 2014
As the New York City budget for fiscal year 2015 nears adoption, one of the more expensive Council initiatives, at an estimated cost of almost $100 million annually, is the hiring of 1,000 new police officers to increase staffing at police precincts.
Blog Pensions & Benefits

Benefit Sweeteners on the Move in State Legislature

June 15, 2014
Last week five bills on CBC’s Benefit Sweetener Scorecard passed one house of the State Legislature. The most expensive bill (A7862/S5644) was passed in the Senate and would increase pension benefits for SUNY police officers to half-pay after 25 years.
Blog Pensions & Benefits

An Expensive Pension Enhancement Bill is on the Move

June 08, 2014
About the bill to increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.
Blog Pensions & Benefits

2014 Benefit Sweetener Scorecard

May 11, 2014
Reviews initial set of bill that “sweeten” or enrich public employee pensions and benefits introduced in the last weeks of the 2014 session.
Blog Public Workforce

No Contract Does Not Mean No Raises

April 06, 2014
The fact that the entire unionized New York City municipal workforce is working under expired contracts is a big problem, but it does not mean that all municipal workers have gone without raises since their contracts expired.