"...a group that has such a long and distinguished record in identifying and addressing crucial issues affecting the governments of the city and state of New York." Federal Reserve Chairman Ben S. Bernanke
The contract of the Transport Workers Union (TWU) expired on January 15, 2012. To determine what a fair wage increase would be in the current fiscal climate, this report applies the criteria specified by the Public Employment Relations Board (PERB) for determining arbitration awards.
In the last two months, the Bloomberg Administration announced two agreements with municipal unions. These agreements have been heralded as union-labor compromises to prevent the planned layoff of more than 5,000 employees.
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.
CBC calls on Governor David Paterson to veto four bills passed by the New York State Legislature that would provide pension benefit enhancements to state and local government employees and lock in health benefits for retirees.
CBC asks Governor Paterson to veto A9393A/S6457 when it reaches his desk. The bill would further tie the hands of local government managers in collective bargaining by prohibiting the diminution of retiree health insurance benefits. Although the prohibition is for one year only, the practice has been to renew these items annually after they have secured initial passage.
CBC comments on legislation under consideration by the New York State Legislature that would impose unfunded mandates on local governments by restricting their flexibility to address the growing liability of retiree health insurance.
This testimony addresses issues surrounding taxes on New York residents, who bear the second highest state and local tax burden in the nation. Over the past decade, state policy successfully lowered the state tax burden and brought state taxes in line with national averages; however, the same is not true for local taxes.