Wise Measures: Three Proposals To Retain In The FY2015 Budget

Mar 21, 2014
As the final contours of the fiscal year 2014-15 New York State budget are shaped over the coming days the legislature should retain three little mentioned but important proposals by Governor Andrew Cuomo. Although compromises from positions supported by the Citizens Budget Commission, the Governor’s proposals are meaningful reforms; they should not be omitted or watered down as they were in the Senate and Assembly “one-house” budget resolutions.

Reining in New York City's Skyrocketing Health Insurance Costs

Apr 18, 2013

The growing cost of health insurance for city employees and retirees has to be brought under control. The City's employee unions, whose contracts have expired, may prefer to wait and negotiate with the next mayor, but the election won't change the fiscal reality: the City's share of health insurance premiums for city workers and retirees is high in comparison to norms in the private and public sectors.

City Workers, Pay Your Share

Feb 04, 2013

The cost of health insurance for New York City public employees and retirees is projected to grow by almost 40% by 2016 — rising to nearly $7 billion a year. That growth will amount to $1.5 billion of the $1.9 billion budget deficit projected for 2016.

How Sick Leave Can Be Bad for a Locality's Fiscal Health, and Health Insurance May Be Even Worse

Jul 02, 2012
Borrowing by local governments to pay for operating expenses is bad financial management; it forces future residents to pay for services consumed by those living in a jurisdiction today, often burdening children with the cost of benefits enjoyed by the current generation.

Sneak Labor Giveaway

May 06, 2012

Across New York, the cost of health benefits for retired government employees is growing so rapidly that it threatens to crowd out funding for essential government services. Rather than lay off police or close libraries, public officials may want to use their discretion to alter retiree health insurance — but some state legislators are trying to take away that discretion.

The Next Challenge: Retiree Health Benefits (Updated April 25, 2012)

Apr 17, 2012

Last month, State leaders acted to reduce future costs and create substantial long-term savings for taxpayers by adopting pension benefit reforms for new public employees.  The next challenge is to address the high costs of retiree health insurance.

Resist the Temptation

Mar 23, 2011

New York City Budget Director Mark Page testified this week that additional cuts to services may be necessary.  The current financial plan, released on February 17th, showed the City in a relatively good financial position, but still relies on State action worth $600 million to close the budget gap for fiscal year 2012.   In the event the State does not restore some of

Simple but Significant: Savings from the Elimination of the Medicare Part B Reimbursement

Dec 20, 2010

As New York’s elected officials consider options for balancing budgets in the face of record deficits, they should be attuned to opportunities for cost-savings in all areas, no matter how big or small. One approach for identifying potential savings is examining practices in which New York State and its local governments are out of line with their peers.

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