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Report Transportation

Refunding the MTA's Debt

May 06, 2012
This brief examines the Metropolitan Transportation Authority's (MTA) large-scale refunding of outstanding
debt. It focuses on a refunding that saves money and spreads debt service costs fairly over time and does not juggle the timing of debt service costs in a manner places unfair costs on riders and taxpayers in the more
distant future.
Report Transportation

A Better Way to Pay for the MTA

October 09, 2012
This report builds upon previous research on the issue of how to finance the Metropolitan Transportation Authority, particularly its mass transit services. It updates and revises the findings and recommendations of a 2006 report and seeks to provide guidelines for future budget decisions.
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.
Blog 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.
Report Transportation

Access-A-Ride

September 20, 2016
This report identifies strategies and options the Metropolitan Transportation Authority (MTA) can pursue to improve the financial outlook and quality of Access-A-Ride, the paratransit program.
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.
Report Public Workforce

MTA-TWU Wage Negotiations

January 29, 2012
This report examines the contract negotiations between the Metropolitan Transportation Authority (MTA) and its largest union, the Transport Workers Union Local 100, and it applies the criteria specified by the Public Employment Relations Board for determining arbitration awards. It finds that the public interest will be served by an agreement that maintains a good standard of living for workers, is within the MTA’s ability to pay, and does not force further harm upon riders.
Report Pensions & Benefits

An Expensive and Risky Benefit

October 05, 2016
A unique feature of a tax deferred compensation plan available to NYC teachers guarantees them a 7% investment return regardless of what happens to interest rates or in the stock market.
Report Pensions & Benefits

The First Priority in the New Year – Pension Reform

January 10, 2012
This brief examines pension cost growth in New York State and its effect on the New York's competitiveness. It recommends the adoption of a new tier of pension plans known as the Tier VI Proposal.
Blog Capital Spending

Design-Build Contracting

February 17, 2016
State legislators should enable New York City to benefit from design-build contracting: if it realized savings on par with the State’s experience, the City could save $2 billion over 10 years.
Blog State Budget

Heading the Wrong Way on the Thruway

March 23, 2016
Governor Andrew Cuomo proposal to provide nearly $2.3 billion of State funds from bank settlements to subsidize the New York State Thruway Authority would reverse a long-standing practice of funding the Authority from toll revenue and would put New York taxpayers on a course for financing road and bridge infrastructure that makes little economic or fiscal sense.
Video Capital Spending

The Trouble with Megaprojects

June 01, 2016
Tony Guida sits down with the CBC's Vice President, Maria Doulis, to discuss why New York City's mega-projects run over budget and how the public sector can build better.
Blog Capital Spending

Agency Focus: DASNY

August 01, 2016
The Dormitory Authority of the State of New York (DASNY) manages construction of buildings and provides low-cost financing for public and nonprofit institutions.
Video Capital Spending

Public Private Partnerships

December 11, 2008
Panel discussion from CBC's event on public-private partnerships, also knowns as PPPs or P3s.
Letter State Budget

Recommendations on the FY 2017 Executive Budget

February 25, 2016
CBC offers recommendations for legislative action on the Governor’s Executive Budget for fiscal year 2017. The recommendations cover four proposals that deserve support, five proposals that should be modified, and four proposals that should be rejected.
Blog City Budget

The “20-20-20-20” Dilemma: Legacy Costs in the New York City Budget

July 22, 2016
A giant slice of the New York City budget pays for costs that are the legacy of commitments made in the past: debt service, pensions, and retiree health insurance. These legacy costs already exceed 20 percent of the budget and will expand by 20 percent to more than $20 billion in annual spending by fiscal year 2020.