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Pensions & Benefits
A More Flexible Pension Plan
January 25, 2012
Part of Governor Andrew Cuomo’s “Tier VI” proposal to make pension benefits for public employees of New York’s State and local government more affordable and sustainable over the long term is an optional 401(k)-style plan, already used widely in the private sector and becoming more common in the public sector.
Blog
Transportation
Suburban Smiles May Turn to Frowns
September 09, 2012
MTA revenue lost from the payroll mobility tax could be made up in a way that is far more burdensome to suburban commuters.
Blog
Pensions & Benefits
Big Decisions Before Albany Do Not Deter Sweeteners
June 09, 2015
Tracking bills enhancing benefits for public employees introduced in the 2015 Legislative Session
Blog
Economic Development
Economic Development Bigger in State Budget, But Benefits Unclear
April 15, 2015
Since 2011 New York leaders have restrained growth in the state’s operating budget; in contrast, the scale and scope of questionable economic development programs continue to be expanded significantly. In 2014 state and local spending for these activities totaled $8 billion.
Blog
City Budget
The Cost of More Cops: A Full Accounting
August 03, 2015
Police officers have a greater budget impact than most other City employees: what's the cost of 1,300 new cops?
Blog
Pensions & Benefits
A Reasonable Proposal: Sharing More of the Cost of Public Sector Pensions with Employees
February 15, 2012
Increasing the employee contribution rate for public pensions in New York State is not unreasonable. Comparisons with nationwide norms show proposal would move New York toward the middle of the pack among states.
Blog
Taxes
How Much to Bank on? When it Comes to Revenue Forecasting, Better Safe Than Sorry
April 12, 2015
What kind of impact could a recession have on New York City's revenues?
Blog
Economic Development
Economic Development Reporting in New York City: What’s Missing?
April 11, 2012
In New York City, current reporting requirements fall short of capturing the full amount of spending in the name of economic development.
Blog
Pensions & Benefits
The Next Challenge: Retiree Health Benefits
April 16, 2012
Pension reform, done. Next up, retiree health insurance and OPEB.
Blog
Pensions & Benefits
Pension Reform: Firefighters Will Not Be Running Into Burning Buildings at Age 65
March 06, 2012
Debunks misconception that "Tier VI" proposal would have employees whose duties require certain physical capacities to work until age 65.
Blog
City Budget
What’s Different About Next Year’s City Budget
February 09, 2012
Tax revenues are not exceeding expectations; they are just on target.
Blog
State Budget
Governor Cuomo’s Third Budget: Priorities for Fiscal Year 2013-14
December 17, 2012
Four important challenges face state leaders as they prepare the next budget for FY2014 in Medicaid, Education, Economic Development and Local Government Relief.
Blog
Pensions & Benefits
New York Should Stop Borrowing from its Pension Funds
February 25, 2015
Governor Andrew Cuomo’s Executive Budget for FY2016 proposes to borrow an additional $1.8 billion from public employee pension funds in coming years. This proposal adds to taxpayers’ long-run costs and risks weakening the fiscal condition of the funds.
Blog
Education
Fringe Benefits Pushed New York Education Spending Higher in 2013
June 22, 2015
High levels of school spending in NY largely reflected the relatively high cost of employee compensation.
Blog
State Budget
An Expensive Deal in Albany
June 28, 2015
The legislative package passed in Albany last week rejected some misguided and expensive proposals, including a tax credit for benefactors of private schools. Unfortunately, other expensive proposals were included, adding to current and future state expenses without providing offsetting savings or revenues.
Blog
Pensions & Benefits
Pension Sweetener Scorecard – Disability Benefits Edition
June 01, 2015
Reviews 10 bills introduced to benefit recently hired New York City uniformed employees that are gaining momentum
Blog
Economic Development
Learning from Past Mistakes
Examining Changes to the Excelsior Jobs Program
October 20, 2015
In 2008, CBC called for the elimination of the Empire Zones jobs program amid concerns it wasted public resources. In 2010, New York State replaced Empire Zones with the streamlined Excelsior Jobs Program. Excelsior was designed to avoid the errors of Empire Zones but until recently it has been difficult to assess to what degree it achieves its objectives.