The Challenge of Staying Under the 2 Percent State Spending Cap

May 20, 2014
New York State’s leaders deserve credit for keeping state-financed budget growth below a self-imposed 2 percent spending cap since fiscal year 2011, a sharp departure from historical norms. The discipline has markedly improved the State’s fiscal condition and spurred key reforms in Medicaid and State operations.

Benefit Sweetener Scorecard 2014

May 12, 2014
Now that New York State’s fiscal year 2015 budget has been adopted the legislature is moving on to other business. Bills that “sweeten” or enrich public employee pensions and benefits are typically taken up during the last weeks of session. To help curb this costly activity CBC publishes an annual Benefit Sweetener Scorecard.

Issues Remain In Mayor de Blasio's New Budget

May 09, 2014

For months, the biggest fiscal uncertainty for the city has been how Mayor de Blasio would handle negotiations with the municipal unions that have been working without contracts. The tentative agreement with the teachers union last week and the executive budget released Thursday reveal the mayor’s solution.

PATH Should Be Run By New Jersey Transit

May 05, 2014

PATH—the rail transit system of the Port Authority of New York and New Jersey—is the only mass transit system in the nation with no tax subsidy. That should be changed, and responsibility for running PATH should be shifted to New Jersey Transit.

Doulis: City, Teachers’ Agreement Resolves Major Uncertainty Around City’s Financial Plan

May 01, 2014

The tentative agreement between the city and the teachers union resolves major uncertainty surrounding the city's financial plan and ensures some stability in labor relations with a major segment of the city workforce for the next five years.

Financing PATH: Options for Deficit Reduction

Apr 24, 2014

This report examines the financing arrangements for the PATH transit system operated by the Port Authority of New York and New Jersey. The report provides background information on the PATH system, describes its current financing sources and need for sizable cross-subsidies from other PANYNJ business lines, and recommends new policits to reduce the need for such cross-subsidies.

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