The Giant Slice: Legacy Costs in the New York City Budget (UPDATED)

May 10, 2013
An alarming and little known fact is that a large slice of the New York City budgetary pie does not directly support current service provision. This giant slice, dedicated to “legacy costs,” will claim almost 25 percent of the budget by fiscal year 2015 – leaving fewer dollars for other budget priorities.

Letters to the State Comptroller and NYSTRS on the Governor's "Fixed Rate" Pension Contribution Plan

Feb 25, 2013

I am writing to share the views of the Citizens Budget Commission on Governor Andrew Cuomo’s proposal to allow local governments to opt into a “fixed rate” contribution plan to fund their public employee pension obligations. We believe this proposal would endanger the future financial viability of the pension plans and recommend you reject it.

Letter to the Comptroller
Letter to NYSTRS
Sign up for our E-Alerts
Select multiple topics
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.