Fast Facts
  • 64¢

    Amount spent on NYC employees' pensions and fringe for every $1 spent on salary and wages

Statement on MTA's Preliminary Financial Plan

Jul 25, 2007

CBC commends the MTA for developing a transparent and essential preliminary financial plan for 2008-2011. The plan presents a realistic assessment of the budget gaps faced by the agency and identified multiple strategies to deal with them, including moderate and predictable fare increases.

CBC Opposes Borrowing to Solve State’s Fiscal Crisis

Mar 27, 2003

This is a CBC report summary that recommends a three year plan to balance New York State’s budget by reducing expenditures and imposing a temporary tax increase.

New York City Council Fiscal Year 2004 Preliminary Budget Hearings

Mar 04, 2003

This is a transcript of testimony by CBC’s former President Diana Fortuna before the New York City Council. It outlines the factors that caused New York City's 2004 budget gap and offers strategies to balance it.

Achieving A Better Balance: Recommendations for the New York State Budget for Fiscal Year 2003

Mar 21, 2002

This CBC report highlights six shortcomings in the New York State Budget for Fiscal Year 2003: 1) Rapidly rising expenditures in a recession; 2) Acceleration in Medicaid cost increases; 3) A precariously balanced budget; 4) No significant improvement in school aid; 5) Inadequate debt limits; and 6) Diminished accountability.  The CBC also presents five recommendations to address these shor

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