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Blog
Pensions & Benefits
NYC Long-term Liabilities Top $257 Billion
October 31, 2018
The City's liabilities reached a record $257.3 billion, an increase of $4.7 billion since fiscal year 2017.
Blog
City Budget
Reduction in Uniformed Overtime Is Still Needed
July 12, 2018
Without workrule changes the City’s uniformed overtime caps are unlikely to be successful. In fact, several agencis have already exceeded their FY 2018 caps.
Blog
Public Workforce
The Cost of a Growing City Workforce
Ballooning Budgets and Long-term Liabilities
July 10, 2018
NYC’s municipal workforce is projected to reach a record 331,520 employees by the end of fiscal year 2019. Headcount expansion has a significant impact on the City’s budget and long-term financial position.
Blog
Pensions & Benefits
Bitter Truth
Many Benefit Sweeteners Lack Required Fiscal Estimates
June 06, 2018
To date the New York State Legislature has introduced 138 bills in this session that enhance the benefits of state and local public employees. How much these bills could cost taxpayers is unknown.
Blog
Pensions & Benefits
Four Egregious Benefit Enhancement Bills
2018 Benefit Sweetener Scorecard Update
May 18, 2018
The 135 active bills identified on the Citizens Budget Commission’s 2018 Benefit Sweetener Scorecard this session could cost the State and local governments at least $428 million.
Blog
Capital Spending
Rightsizing and Right Timing New York City’s Capital Plan
March 14, 2018
Despite a pledge to collaborate with the City Council on a realistic Capital Commitment Plan, the City's overly ambitious proposal is neither realistic nor transparent.
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.
Blog
Transportation
Tsk-tsk on Governor’s TIF Proposal
February 02, 2018
The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
Blog
Transportation
Is the Enhanced Station Initiative a Good Idea?
July 20, 2017
Is the enhancement of 32 stations at a cost of nearly $1 billion worth the trade-off against other capital needs?
Blog
Housing
$1.9 Billion More For Affordable Housing, But Plan Lacks Specifics
June 30, 2017
City documents offer few details on how the new funding will be used to enhance different levels of affordability.
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.
Special Feature
Public Workforce
Average Pay at the 15 Largest New York City Agencies, FY 2016
April 24, 2017
How much do New York City employees earn in pay each year?
Blog
State Budget
Budget Proposals with a Big Long-Term Payoff
March 16, 2017
The NYS FY2018 Executive Budget includes three proposals to reduce the State’s cost of providing retiree health insurance. Budget savings would be modest, but the reduction in the OPEB liability would be significant.
Blog
Transportation
“Parity” for State Transportation Investments
A Misguided Misnomer
March 09, 2017
Do the State's transportation and transit investments really achieve "parity" between the DOT and the MTA? They don't -- and they shouldn't.