What NY Should Do With $4B

Jul 24, 2014
New York State will soon receive more than $4 billion in settlements from large financial institutions. It is an unprecedented windfall, coming from wrongdoing by banks, and it is rightly generating public discussion about what to do with the money.

Where Do We Go From Here? Steering New York City’s Finances in Fiscal Year 2015

Jul 01, 2014
Today is the first day of fiscal year 2015. New York City’s $75 billion budget is the first to be crafted by Mayor Bill de Blasio and adopted by the City Council under Speaker Melissa Mark-Viverito’s leadership.  This blog post examines what’s new in the fiscal year 2015 budget and makes recommendations for steering the City’s finances over the next four years.

Three Questions about 1,000 New Police Officers

Jun 19, 2014
As the New York City budget for fiscal year 2015 nears adoption, the City Council is negotiating with the Mayor to secure funding for its priorities, such as universal school lunches, legal services for evictees, and increased support for public libraries. One of the more expensive Council initiatives, at an estimated cost of almost $100 million annually, is the hiring of 1,000 new police officers to increase staffing at police precincts.

Benefit Sweeteners on the Move in State Legislature

Jun 16, 2014
Last week five bills on CBC’s Benefit Sweetener Scorecard passed one house of the State Legislature. The most expensive bill (A7862/S5644) was passed in the Senate and would increase pension benefits for SUNY police officers to half-pay after 25 years.

Statement on Commissioner Linn’s Response to CBC Letter on NYC Health Agreement With the Municipal Labor Committee

Jun 10, 2014

The CBC appreciates receiving Commissioner Linn’s response to CBC President Carol Kellermann’s letter of June 6, 2014 relating to potential savings from worker and retiree health insurance reforms under the recent agreement with the Municipal Labor Committee.

An Expensive Pension Enhancement Bill is on the Move

Jun 09, 2014
A bill moving swiftly through the Legislature would reverse recent pension reforms and greatly increase New York City’s pension fund contribution costs. The bill, A9594/S7326, would increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.

Letter to Mayor on Bill That Would Reverse Pension Reforms

Jun 09, 2014

A bill moving swiftly through the State Legislature would reverse recent pension reforms and greatly increase New York City’s required future pension fund contributions. The bill, A9594/S7326, would enrich disability pensions for police officers hired after July 1, 2009 under a “Tier III” plan.

Letter to Commissioner Robert Linn Proposes Guidelines for Determination of Health Insurance Savings Between City and MLC

Jun 06, 2014

The CBC today released a letter from President Carol Kellermann to New York City Labor Commissioner Robert Linn that suggests guidelines for effective implementation of the agreement between the City and the Municipal Labor Committee to generate $3.4 billion in health care savings between fiscal years 2015 and 2018

Letter to Commissioner Robert Linn
Press Release

12 Things New Yorkers Should Know About Their Garbage

May 22, 2014

This report highlights the reasons for the surprisingly high cost of this essential service, including inefficiencies that the City should address in its upcoming negotiations with sanitation workers.

Report: 12 Things New Yorkers Should Know About Their Garbage
Press Release
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